Women entrepreneurs can create 178,000 jobs in Singapore
It will come as no surprise to anyone that Singapore is doubling down on their investments in their startup culture, supporting entrepreneurs and small businesses in every in any way they are able to.
The culture in Singapore has always been favorable towards business. Singapore has worked hard over the past few decades to establish themselves as “the place to be” when it comes to business and finance in Southeast Asia, really endeavoring to create a culture that is as business first as possible.
But what is surprising some people on the global scene is the investment that Singapore has in the women entrepreneur community. Unlike other nations around Singapore and Southeast Asia, this country has absolutely zero problem whatsoever with making sure that women entrepreneurs have just as much opportunity as men – and that they get the chance to leverage all of the tools, all of the technology, and all of the resources that this country has worked so hard to make available as much as anyone else.
50% of the women in Singapore want to open their own business
According to independent research conducted by a global consulting firm, close to 50% of all the women in Singapore – citizens as well as those from other countries living and working here – are interested in opening up their own business and building their own companies.
This came as a bit of a shock to the people in charge in Singapore, as they never could have imagined that this many women would be interested in taking full and complete control over their financial future in this way while also taking on all the risk that entrepreneurship involves.
However, once they had the raw data, the nation of Singapore really galvanized their efforts to create a more business friendly culture for women in the country. They want to embrace these entrepreneurs as much as possible, and understand that even just convincing 14% of the women that want to build a business to do exactly that would create more than 40,000 new businesses and 178,000 new jobs all by the end of 2021.
Major initiatives are already underway to support the female entrepreneurial community
Singapore is very fast acting when it comes to moving in the right direction as far as business and investment in the nation’s future is concerned.
Understanding that half (at least half) of the entrepreneurial community is currently underserved and feels somewhat left out, major new initiatives supported by large and small businesses in Singapore as well as the Singapore government are rolling out in the first half of 2017 to make sure that changes are implemented quickly.
Women between the ages of 18 and 24 are the big focus right now, with new educational opportunities, entrepreneurial training opportunities, and financing and investment opportunities being created on a nearly daily basis. This is all done to help really support extreme growth in the female entrepreneurial community, helping to build it up from the ground up and give the 50% of women in Singapore that dream of starting their own business the chance to do exactly that!