Encouraging more women to become entrepreneurs has huge financial and social benefits for society, but new research shows that dedicated networks designed to support that goal are failing in their mission
from the group that explored what would happen to the economy if entrepreneurship rates among women were comparable with those among men.
The promotion and support of female entrepreneurship has typically been done via women-only networks that aim to provide entrepreneurs with role models, support and access to networks. The researchers spoke with entrepreneurs from these networks, together with those from mixed networks, and indeed those who are members of both types of network.
As such, the research found that the networks available to the entrepreneurs tend to be limited geographically, and provide more in the way of social support than any form of business development assistance. This is perhaps exacerbated by network managers who genuinely see themselves as part of the solution. Whereas they saw themselves as helping the entrepreneurs, the feeling was not matched by the entrepreneurs themselves, who often felt that the networks merely confirmed their status as second class citizens in the entrepreneurial world.
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