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Women’s Entrepreneurial Venture Scope WEVentureScope

Women’s Entrepreneurial Venture Scope WEVentureScope. Commissioned by. Project methodology presentation for the Women’s Entrepreneurship: Women’s Entrepreneurial Venture Scope Panel October 2, 2013. Programme overview.

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Women’s Entrepreneurial Venture Scope WEVentureScope

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  1. Women’s Entrepreneurial Venture Scope WEVentureScope Commissioned by Project methodology presentation for the Women’s Entrepreneurship: Women’s Entrepreneurial Venture Scope Panel October 2, 2013

  2. Programme overview The WEVentureScope is the first comprehensive assessment of the environment for female entrepreneurs in Latin America and the Caribbean. The Economist Intelligence Unit developed the index in close collaboration with the Multilateral Investment Fund. The Index • Measures the environment for women seeking to start and grow micro, small and medium-sized enterprises • Benchmarks 20 countries in the region • Measures the environment across five categories: Business Operating Risks, Entrepreneurial Business Environment, Access to Finance, Capacity and Skills, Social Services • Develops new indicators on women entrepreneurs

  3. WEVentureScope research methodology • Convene panel of experts on women’s entrepreneurship and economic development • Develop indicator framework • Design new synthetic indicators • Conduct primary and secondary research • EIU country analysts score indicators • Review scoring, develop Excel model • EIU & MIF jointly review results • Analyse results and produce report & data visualisation

  4. WEVentureScope 2013: Indicator framework • Property rights (2) • Costs of doing business (4) • Business sophistication (4) • Supporting regulation* • Macroeconomic risk* • Security risk (2) • Vulnerability to corruption (2) • Female households • Supplier-diversity* (2) • General access to finance (5) • Access to SME finance (6) • Access to microfinance*(3) Entrepreneurial environment Business risks Access to finance Index WEVentureScope 2013 • Female participation in firm ownership • Female top manager • Early-stage female entrepreneurial activity And many more… Capacity & skills • Microenterprise tech support* • SME technical support* • Business networks* • Educational levels* (4) • Access to technology (3) Output variables Social services • Childcare* • Maternity & paternity leave* • Elderly care (2) • Healthcare, including maternal mortality (2) *Denotes EIU proprietary data (#) Denotes number of sub-indicators; not all listed due to space constraints

  5. WEVentureScope: New data on women entrepreneurs We were able to advance data collection and analysis for women’s entrepreneurial ventures in this study in several ways: • 8 EIU-created indicators pertaining to women entrepreneurs including • Supplier diversity initiatives for women-led MSMEs • Technical training programmes for female business owners • Business networks for women • Availability of childcare • Maternity & paternity leave • 16 gender-disaggregated data series on women-led MSMEs • EIU disaggregated World Bank Enterprise Survey data to capture the experience of women leading MSMEs

  6. Access to Finance category: Some specifics • Overall, this category focuses on women’s access to financial instruments as a tool for starting and developing their businesses • These indicators identify products for which women’s use is strong/weak • Measures the availability and use of formal financial products by female managers of MSMEs • Has the highest number of gender disaggregated sub-indicators, which reflects the progress in data collection in this field

  7. Access to Finance category: Overall results

  8. Access to Finance category: Mexico results Mexico vis-à-vis its peers • Mexico is not only way above average but leads the category. • Mexican women who are entrepreneurs enjoy a wide access to microfinance: most microloan borrowers are women and they represent the largest MFI portfolio in the region • Women-led SMEs have low access to financing vehicles for business growth

  9. Exploring the results: Website Visit www.weventurescope.com Also available at www.eiu.com • Explore the drivers of women’s entrepreneurship • Compare country scores • Find country profiles • Explore relationships with additional elements of the national environment • Download the Findings and Methodology paper and the Excel model

  10. THANK YOU

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