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Startup Canada launches 2018 investment fund for female entrepreneurs

June 18, 2018 / Source: itbusiness.ca

Startup Canada wants to help more of Canada’s female entrepreneurs and woman-led companies find their footing.

On Monday the industry organization announced the launch of its latest Startup Canada Women Founders in STEM (Science, Technology, Engineering and Math) Fund, developed in partnership with Evolocity Financial Group, to provide female entrepreneurs and women-led companies in STEM-related businesses across Canada micro-grants to help them start and grow.

“Although women in Canada now represent 47 per cent of Canadian business owners and contribute $148 billion in economic activity, they continuously face barriers to accessing capital to start and scale their businesses,” Startup Canada CEO Victoria Lennox said in a June 18 statement. “This gap is particularly exposed when looking at female entrepreneurs in STEM fields.”