New Dell Research Ranks 10 Cities Globally on Ability to Foster Women Entrepreneurship

Reveals rankings and provides recommended blueprint action plans for Austin, Boston, Mexico City, Toronto, London, Amsterdam, Sydney, Tokyo, Sao Paulo and Singapore

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Jul 16, 2018, 11:58 ET

TORONTO, July 16, 2018 /PRNewswire/ --

News summary

Dell advises city leaders, entrepreneurs and policy-makers on how to improve conditions that enable women-owned firms to thrive
Developed a deep dive analysis on the barriers and opportunities for women entrepreneurs accessing Capital and leveraging Technology to scale
Revealed 10 Women Entrepreneur (WE) City Blueprints designed to spotlight actions a city can take to improve the ecosystem for women entrepreneurs
The Dell WE Cities Index is the only global, gender-specific index that looks at a city's ability to attract and retain women entrepreneurs

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At the 9th annual Dell Women Entrepreneur Network Summit (DWEN) kicking off today in Toronto, Dell unveiled new diagnostic tools for local governments and policymakers to help enable women entrepreneurs to succeed.

Built on the findings of the 2017 Women Entrepreneur Cities (WE Cities) Index Dell, with research partner IHS Markit conducted a deep-dive analysis' on the barriers and opportunities for women entrepreneurs accessing capital and leveraging technology to scale. Dell also developed 10 city blueprints designed to spotlight actions a city can take to improve the local ecosystem for women entrepreneurs.

"Women's entrepreneurship rates rose globally by 13 percent in 2017, reflecting broader momentum of increased female representation across the public and private sectors in many regions around the world. However, access to capital and technology, as well as cultural and political barriers, continue to limit the success of women-owned businesses," said Karen Quintos, executive vice president and chief customer officer at Dell. "With the release of the WE City Deep Dives and Blueprints, city leaders and policymakers can confidently move from 'analysis to action,' accelerating positive change that allows women entrepreneurs to thrive – which benefits local communities, wider society and the global economy."

"According to extensive data and analysis, when barriers to women entrepreneurship are removed, there is a dramatic uplift in a city's economic prospects," said Cris Turner, vice president of Government Affairs at Dell. "The WE City Deep Dives and Blueprints offer insights on what cities on the list can learn from one-another and encourage political action to attract and support women entrepreneurs at the local level."

WE City Blueprints

The WE City Blueprints look at areas of strength and areas of improvement to provide city leaders and policymakers with data-driven research and recommendations on how to foster high-potential women entrepreneurs. Blueprint cities include:

Austin
Boston
Mexico City
Toronto
London
Amsterdam
Sydney
Tokyo
Sao Paulo
Singapore

WE City Capital and Technology Deep Dives

Capital and technology are critical for scaling any business, but women face unique challenges with both. In 2017, only 2 percent of venture funding went to female founders. Based on the qualitative analysis of the WE Cities Index and insights from members of the DWEN network, many women entrepreneurs are not leveraging innovative technologies to scale their businesses. The WE City Capital and Technology deep dives uncover:

How women entrepreneurs are accessing capital, using technology
How different regions are accessing different sources of capital, using technology
Industries that women entrepreneurs gravitate towards and how it impacts access to capital and technology
How access to capital and use of technology differ across leading cities

WE Cities Ranking and Methodology

Built on the past six years of Dell research on High Potential Women Entrepreneurs (HPWE), cities were ranked on five important characteristics: capital, technology, talent, culture and markets. These pillars were organized into two groups — operating environment and enabling environment. The overall rating is based on 72 indicators; 45 of these (nearly two-thirds) have a gender-based component. Individual indicators were weighted based on four criteria: relevance, quality of underlying data, uniqueness in the index and gender component.

The 50 cities were ranked as follows:

New York City
Bay Area
London
Boston
Stockholm
Los Angeles
Washington, D.C.
Singapore
Toronto
Seattle
Sydney
Paris
Chicago
Minneapolis
Austin
Hong Kong
Melbourne
Atlanta
Amsterdam
Portland (OR)
Berlin
Taipei
Pittsburgh
Tel Aviv
Copenhagen
Vancouver
Houston
Johannesburg
Barcelona
Seoul
Munich
Miami/Ft. Lauderdale
Nairobi
Dublin
Warsaw
Belfast
Milan
Beijing
Tokyo
Bangalore
Kuala Lumpur
Sao Paulo
Dubai
Shanghai
Mexico City
Lima
Guadalajara
Istanbul
Delhi
Jakarta

About the Dell Women's Entrepreneur Network and Annual Summit

As the visionary outcome of a true entrepreneur, Dell is committed to help power the success of entrepreneurs by developing technology solutions that enable human potential. Through the Dell Women's Entrepreneur Network, Dell supports and nurtures a community of female entrepreneurs by providing access to technology, networks and capital.

Dell is excited to host the 9th annual Dell Women's Entrepreneur Network (DWEN) Summit in Toronto from July 15-17, 2018. More than 150 female founders, CEOs, dignitaries, Dell Leaders and more will convene to connect and discuss today's pressing topics. Through inspiring keynotes, informative panels and innovative workshops, the 2018 DWEN Summit will be the go-to resource for support and solutions that facilitate entrepreneurship. It is Dell's mission to bring vital knowledge and tailored technology for women-led companies small and large.

About Dell Inc.

Dell Inc., a part of Dell Technologies, provides customers of all sizes – including 99 percent of the Fortune 500 – with a broad, innovative portfolio from edge to core to cloud. Dell Inc. comprises Dell client as well as Dell EMC infrastructure offerings that enable organizations to modernize, automate and transform their data center while providing today's workforce and consumers what they need to securely connect, produce, and collaborate from anywhere at any time.

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SOURCE Dell