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About Goldman Sachs 10,000 Women Initiative dedicated to women entrepreneurs – the Women Entrepreneurs
Opportunity Facility (WEOF). 10,000 Women on Coursera is
Goldman Sachs 10,000 Women is an ongoing initiative to foster designed specifically with a focus on female entrepreneurs
economic growth by providing women entrepreneurs around the around the world. Since 2009, Goldman Sachs 10,000 Women has
world with business and management education, and access to trained more than 1,940 women SME owners in partnership with
capital. 10,000 Women has reached thousands of women from leading academic partners across China: Tsinghua University,
over 56 countries to date. In 2014, the initiative, partnering with Southwestern University of Finance and Economics, Zhejiang
the International Finance Corporation (IFC), a sister organization University, and Yunnan University.
of the World Bank, created the first global finance facility
Canada: Women Entrepreneurship Strategy (WES)
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To ensure full and equal participation of women in the economy, support the participation of diverse and underrepresented women in
the Canada Government is advancing women's economic entrepreneurship; efforts to scale up programs that support women
empowerment with the first-ever Women Entrepreneurship entrepreneurs across regions and on a national basis; and other
Strategy (WES) in 2018, a $2-billion investment that seeks to double activities that will support the objectives of the WES Ecosystem Fund.
the number of women-owned businesses by 2025. Only 16% of Funding was available through two streams: National/Multi-Regional
Canadian businesses are owned or led currently by women, and Stream and Regional Stream.
studies show that by advancing women's economic participation in
the Canadian economy could add up to $150 billion in GDP. ● Women Entrepreneurship Knowledge Hub (WEKH): The
Government of Canada is funding the Women Entrepreneurship
WES is a whole-of-government approach to helping women grow Knowledge Hub, a one-stop resource of knowledge, data, and
their businesses through access to financing, talent, networks, best practices for women entrepreneurs. Through a competitive
and expertise. The main initiatives are as following: process, the Government of Canada has awarded Ryerson
University, located in Toronto, Ontario, up to $8.62 million over
● Women Entrepreneurship Fund: in Budget 2018, the Government three years to establish the Hub. National in scope, WEKH will
of Canada allocated $20 million to the Women Entrepreneurship be made up of nine regional hubs, which will work together to
Fund to fund over 200 projects. Due to the strong demand coordinate activities in different regions. Each of the regional
for Women Entrepreneurship Fund support, an additional hubs brings its unique area of expertise and specialization to
$10-million investment was made to fund approximately 100 the Hub. The Hubs activities will include collecting, analyzing,
more applicants. The main initiatives are as the following and disseminating information, advancing research on
investment made to fund approximately 100 more applicants, $2.5 women's entrepreneurship; supporting and sharing the best
million of which was for Indigenous women entrepreneurs. With practices and knowledge among women business support
this additional investment, the Government is now providing a organizations; generating the reports on the progress of women
total of $30 million to women-owned and led businesses across entrepreneurs in Canada, including a measure or review of the
Canada to grow and reach new markets. The fund mainly focuses entrepreneurship ecosystem supports for women in Canada.
on supporting the pursuit of market opportunities abroad and
company scale-up, expansion, and growth. ● WES Expert Panel: The Government of Canada has assembled
diverse and talented Canadians to be members of an Expert
● WES Ecosystem Fund: in Budget 2018, the Government of Canada
allocated $85 million to the WES Ecosystem Fund to strengthen Panel. The Panel is comprised of experts from the private
capacity within the entrepreneurship ecosystem and close gaps in sector and civil society from across the country, with significant
service for women entrepreneurs. Over 50 projects were funded experience, expertise, and knowledge in a range of disciplines.
through this initiative. These projects are led by non-profit organizations Members from backgrounds that include entrepreneurs (in
and are inclusive of the needs of diverse and under-represented various sectors), financial experts, mentors and academics.
women. Funded activities include: supplier diversity activities that target Members of the panel act on a part-time, volunteer basis. To
women entrepreneurs; initiatives to support women in traditionally avoid potential conflicts of interest, the Canadian government
underrepresented sectors; networking, matchmaking, and mentorship sought expressions of interest from diverse and talented
opportunities; incubator and accelerator programs; initiatives to Canadians through a public application process.