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The Wave November & December, 2004 eNewsletter Volume 2, Number 11 + 12

Road from Istanbul
Double Issue on Canadian and European Best Practices

Elena Nielsen of the European Commission’s Enterprise Directorate chaired the plenary session featuring best practices from Canada and Europe at the OECD Accelerating Women’s Entrepreneurship Forum in Istanbul from June 5-7, 2004.

Canadian Best Practices

Andrina G. Lever, President of Lever Enterprises, Founder of the Foundation of Canadian Women Entrepreneurs, and Private Sector Consultant to the Prime Minister’s Task Force on Women Entrepreneurs (WEs), presented the Canadian Best Practices Report.

Task Force Report: In late 2002, the Prime Minister formed Canada’s first Task Force on WEs, and appointed Sarmite Bulte, MP, as Chair. The Task Force interviewed thousands of WEs, policymakers and experts across Canada, as well as British and US experts. It examined the challenges faced by WEs, considered steps to encourage women’s entrepreneurship, assessed resources, identified gaps and areas for future action, and evaluated best practices that might be replicated in Canada. The Task Force Report, released in October 2003, made recommendations on a broad range of policy issues. See the October 2003 Tsunami Wave for a synopsis, or www.liberal.parl.gc.ca/entrepreneur for the full Task Force Report. The Task Force is prominently featured in Canada’s Best Practices Report.

Other Canadian Best Practices: Other national and regional WE initiatives included in the Best Practices Report included:

  • Financing from the Business Development Bank of Canada,
  • Three organizations that promote women’s enterprises (Atlantic Canada Opportunities Agency, Organization of Women in International Trade – Toronto, and the Canadian Development Agency),

  • Two programs for training and development (Step-Ahead and Organization of Women in International Trade – Toronto),
  • Networking and the role of the Global Banking Alliance of Women,
  • Technology through the Wired Women Society, and
  • Support services through Western Economic Diversification Canada and the Women’s Enterprise Initiative.
  • Copies of the Best Practices Report are available on the Business Development Bank website at www.bdc.ca.

    Incremental Impact of WE Training: Carlton University’s Dr. Barbara Orser presented her recent research on the impact of Canada’s Women’s Enterprise Initiative (WEI), which seeks to foster the development of women-owned firms. While the number of gender-based small business training programs is increasing, the nature and impact of these initiatives are not well documented.

    Program assessment criteria included program effectiveness, strengths and weaknesses, job creation and retention, business survival, incrementality, and the facilitation of enterprise growth.

    Her study found that a direct association between WEI advisory assistance and business development was noted in 60% of cases.

    The results also suggest that men and women seek different types of assistance with respect to business development. When compared to a control group of business owners, WEI clients and women business owners prioritized intrinsic outcomes such as evaluation of my skills as an entrepreneur; building self-confidence; and improving strategic management skills.

    Conversely, male business owners in the control group prioritized operational skills, such as helping to improve strategic management skills and identifying opportunities for growth.


    About Tsunami

    Project Tsunami, Incorporated (www.projecttsunami.org), is a non-profit corporation based in the United States that is a global accelerator for women’s entrepreneurship. It was designed to help create a tidal wave of economic opportunities in the US and abroad, by identifying and connecting key women entrepreneurial leaders, facilitating the sharing of best practices across countries, and helping to link effective programs with resources. It uses 21st Century technology to make a clearinghouse of resources and best practices available to its powerful global network of leaders and multipliers, who then disseminate this information widely to their members and stakeholders. The organization began its work with a major seed grant from the Kauffman Foundation, which funds innovative programs that foster entrepreneurship. IBM is a Diamond Sponsor.

    Tsunami is an outgrowth of two major international conferences on women-owned small and medium enterprises put on by the Organization for Economic Cooperation and Development (OECD) in Paris in 1997 and 2000, for which Tsunami’s CEO Virginia Littlejohn served as Senior Advisor. Project Tsunami influences research, policies, programs and practices that expand the WE sector by concentrating on 6 core strategies:
    1) WE research, data and statistics;
    2) Entrepreneurial education and training;
    3) Access to finance;
    4) Access to networks and to corporate, government and international markets;
    5) Technology as an entrepreneurial enabler; and
    6) Constituency building and advocacy.

    We are also analyzing how these areas impact growth-oriented women entrepreneurs.


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