As Toronto’s burgeoning tech scene continues to grow, it appears more female entrepreneurs are starting to call Canada’s largest city home.
Because of this, Toronto was just ranked as the ninth top city in the world for female entrepreneurs, according to Dell Technologies’ 2019 Women Entrepreneur Cities (WE Cities) Index.
The annual index is the only global, gender-specific study that looks at a city’s ability to foster the growth of women-owned businesses, and ranks 50 global cities on their ability to foster growth for women entrepreneurs.
Building on annual research since 2010, Dell Technologies ranks cities based on the impact of local policies, programs, and characteristics in addition to national laws and customs to help improve support for women entrepreneurs and the overall economy.
- Over 70% of Canadian entrepreneurs aren’t being paid on time
- MaRS and City of Toronto to open a dual residential-manufacturing complex
- The top 25 CEOs according to Canadian employees
This year, Toronto was ranked as the top city in Canada and ninth overall in the world. Vancouver was the only other Canadian city to make it onto the list, claiming the 11th spot.
The San Francisco Bay Area outperformed New York City and took the top spot this year, largely in part because the Bay Area is one of the best places for women to gain access to capital, according to the report.
“When we invest in women, we invest in the future; communities prosper, economies thrive and the next generation leads with purpose,” said Karen Quintos, EVP and chief customer officer at Dell Technologies.
“By arming city leaders and policymakers with actionable, data-driven research on the landscape for women entrepreneurs, we can collectively accelerate the success of women-owned businesses by removing financial, cultural, and political barriers.”
Here’s this year’s top 10:
- San Francisco Bay Area
- New York
- Los Angeles
- Washington DC