Monday 20th February 2023, 1:00pm
Pathways: A New Approach for Women in Entrepreneurship was commissioned by the Scottish Government to identify ways to unlock untapped potential, close the gender gap and boost Scotland’s economy.
The Scottish Government will carefully consider proposals to support more women into entrepreneurship, First Minister Nicola Sturgeon has said following publication of a wide-ranging independent review.
First Minister Nicola Sturgeon welcomed the review and during a visit to Roslin Innovation Centre and met with tenant company founders Dr Kate Cameron of Cytochroma and Ishani Malhotra of Carcinotech Ltd, to discuss the barriers facing women in entrepreneurship, and how these can be addressed to close the gender gap and boost Scotland’s economy.
The review – led by Ana Stewart, an entrepreneur and investor, and co-authored with Mark Logan, chief entrepreneur to the Scottish Government – makes 31 recommendations.
The steps include:
“I welcome Ana Stewart and Mark Logan’s work in delivering a powerful review of the barriers facing women in entrepreneurship in Scotland and presenting a compelling set of recommendations aimed at removing them.“The review’s findings are challenging but underline the need to tackle the root-causes, as well as the immediate barriers, of this inequality.
“Fully realising the entrepreneurial potential of women in Scotland will not only promote greater equality in our society, it will also deliver significant benefits for the economy.
“The Scottish Government will respond quickly to the review as a whole, and its recommendations.”First Minister Nicola Sturgeon
“This review has, through a combination of extensive stakeholder engagement and robust data analysis, revealed that women face many significant barriers to entrepreneurship.
“Only one in five businesses in Scotland are female-led, while start-ups founded by women received only 2% of overall investment capital in the last five years. By taking a root cause and effect approach, our recommendations focus on dramatically increasing female participation rates to drive a vibrant and fairer entrepreneurial economy.”Ana Stewart, co-author and entrepreneur