{"id":108722,"date":"2019-03-08T16:29:19","date_gmt":"2019-03-08T21:29:19","guid":{"rendered":"https:\/\/techvibes.com\/?p=108722"},"modified":"2019-03-08T16:29:19","modified_gmt":"2019-03-08T21:29:19","slug":"first-successful-applicants-of-women-entrepreneurship-fund-announced","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/first-successful-applicants-of-women-entrepreneurship-fund-announced","title":{"rendered":"First Successful Applicants of Women Entrepreneurship Fund Announced"},"content":{"rendered":"

To mark International\u00a0Women’s Day, the Government of Canada today announced the first successful recipients of the\u00a0Women Entrepreneurship Fund, a $20 million fund that provides direct investments to women-led businesses. It is part of the larger $2-billion\u00a0Women Entrepreneurship Strategy outlined in the 2018 budget.<\/p>\n

The newly\u00a0announced recipients will each receive investments of up to $100,000 to grow their businesses and reach new markets. The goal is to double the number of majority women-led businesses by 2025. Right now, fewer than 16 per cent of SMEs in Canada are led by women.<\/p>\n

\u201cOur government believes that women\u2019s economic empowerment is not just the right thing to do; it\u2019s good for the bottom line,” said\u00a0Mary Ng, Minister of Small Business and Export Promotion. “That\u2019s why we launched the Women Entrepreneurship Strategy, a strategy that seeks to double the number of women-led businesses by increasing their access to financing, networks and advice. It\u2019s a smart investment with an economic and social return.\u201d<\/p>\n

The recipients of funding represent several varied industries, spanning retail to tech to food service. Below are a few examples of those receiving\u00a0investments up to $100,000.<\/p>\n