Women are in the workforce now more than ever, a number that is close to surpassing that of men. Gender equality is not simply about getting a woman a spot at the metaphorical table. Women have made great strides in education, the workforce, and their role in the economy, but there are still not enough women in leadership positions.
SBA recognizes that over the past two decades, women entrepreneurs have been critical to growing businesses and creating jobs, whether it’s in in cutting-edge fields like precision medicine or cybersecurity or through advances in agriculture or manufacturing. Consider this: the number of women venture capital partners has dropped to 6 percent in 2014, down from 10 percent in 1999. This directly correlated with women’s access to capital; only about 7 percent of venture capital funding in the United States goes to women. A Harvard Business School study asked potential investors to rate a series of pitches, some of which were narrated by women and some by men. Even when the scripts were exactly the same, only 32 percent of people said they’d fund the woman, compared to 68 percent who said they would fund the man.
SBA’s InnovateHER: Innovating for Women Business Summit on March 17, 2016 in Washington, D.C. will bring together creative ideas to support women’s efforts to push the limits, break the glass ceiling and create long-term, positive changes in gender equality. We hope that you will be able to join us to help lift women entrepreneurs as they generate innovative solutions to some of the key challenges of the 21st century.
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Cosponsorship authorization No. 15-6050-169. SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products, or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made if requested at least two weeks in advance.