Despite advances in recent years, women entrepreneurs remain underrepresented in Canada. In fact, only 16 per cent of all small- and medium-sized businesses in our country are helmed by women. Of this figure, just 11 per cent of them are active in markets outside Canada. Export Development Canada (EDC) is aiming to address this imbalance by announcing a $50 million investment in growth capital for Canadian female entrepreneurs engaged in the export trade.
Women in Trade Investments Program
The Women in Trade Investments Program provides equity capital specifically targeted at helping Canadian women entrepreneurs to expand their business beyond Canada. It complements a robust suite of initiatives EDC previously announced in 2018 geared at better serving the needs of women-owned and women-led businesses engaged in export.
This investment isn’t just welcome, it will have tangible positive impacts on the Canadian economy. Research has shown that advancing women’s equality in Canada has the potential to add $150 billion in incremental GDP by 2026.
“Our economy—and our country—can never reach its full potential when we are leaving people behind, including women, Indigenous peoples and other minority groups,” said Minister of International Trade Diversification, Jim Carr.
“Programs like this and the Trade Commissioner Service’s Business Women in International Trade help ensure that women who own and lead businesses, who want to diversify their exports will be able to do so. By making sure that women have the resources they need to thrive, we are putting Canada at the forefront of support for export-ready businesses.”
Find Out More
To learn more about the Women in Trade Investments Program visit the EDC website. The Export Navigator Program also offers access to community-based export specialists who can provide a personalized, step-by-step approach to exporting.