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Toronto top 10 city for female entrepreneurs

Toronto has been listed as one of the top 10 cities for women entrepreneurs!

The Dell Women Entrepreneur Network Summit released days on the h2017 Women Entrepreneur cities earlier this week, ranking 50 cities around the world based on how they support female entrepreneurs. This is the eight year Dell has hosted such a summit.

Toronto is listed as number nine on the top 10 cities list, with Vancouver making it on the list for the first time at number 26 in the rankings.

Dell teamed up with IHS Markit, an analytics firm that helped the company gather data on various cities, to see which cities qualified to be listed. One key factor of determination was based on a city’s ability to attract as well as support women entrepreneurs. Their research does not include data from previous years — each study is conducted fresh each time and the company also changes and adds factors.

Karen Quinto, the executive VP and chief customer officer at Dell, remarked the number of women entrepreneurs is growing globally at a rate of more than 10 per cent each year. “Women are likely or more likely than men to start businesses in many markets,” he said. “However, financial, cultural, and political barriers can limit the success of these businesses.”

Factors of determination were based on city characteristics such as capital, technology, talent, culture, and markets. Other factors include local policy, national laws, and customs. There were categories that were broken down even more, for instance culture was determined based on areas things like role models, mentors , networks and attitudes towards women entrepreneurs. In this instance, Toronto ranked third and Vancouver ranked 17th.

Vancouver has made the list thanks to their paid maternity leave for women which is a plus to their businesses. It is also easy to start a business there as the city ranks 26th in terms of access to capital.

Dell continues to be committed to empowering women in business especially in the sue of technology. The company believes that this venture can lead to an increase in global economic growth and development. Dell believes that women especially understand the connection that is necessary with your customers in business.

Twenty-five cities was added to the list for 2017. Here are the top 10 in the list:

1. New York

2. San Francisco

3. London

4. Boston

5. Stockholm

6. Los Angeles

7. Washington, D.C.

8. Singapore

9. Toronto

10. Seattle

For the full list of countries, check out this link to get the full executive summary index.