ByNWBC Council

Public Meeting | August 2017 Public Meeting and Launch of NWBC Solutions Labs

Fiscal Year 2017 has been a productive year for the National Women’s Business Council, featuring the most aggressive research agenda in the Council’s history, to-date. Between October 2016 and today, we have produced nine new research reports on some of the most relevant issues facing women in business today, and one original entrepreneurial ecosystem playbook. Please join the Council on August 9, 2017, from 2:30pm EST-3:00pm EST, for its last public meeting for Fiscal Year 2017.

 

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ByNWBC Council

Defining necessity–A closer look at NWBC’s new research report, Necessity as a Driver of Women’s Entrepreneurship

Today, July 12, 2017, the National Women’s Business Council released its latest research report, Necessity as a Driver of Women’s Entrepreneurship.  This report offers a nuanced view of what constitutes “necessity entrepreneurship” and reveals why it is crucial to explore business motivation in context of gender and social norms.  While the project was launched in order to understand more about the 80 percent of women business owners bringing in less than $50,000 in receipts a year, the research ultimately challenges the notion that necessity entrepreneurship can be described through finances, alone.  The final report reviews the existing literature; analyzes two public sources of data; introduces a new working model for understanding necessity entrepreneurship; and offers recommendations for policy and future research.

 

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ByNWBC Council

Millennial Women: The Future of Entrepreneurship in America

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Commissioned by the National Women’s Business Council and prepared by Premier Quantitative Consulting, Inc., Millennial Women: The Future of Entrepreneurship in America examines the millennial entrepreneurial population, specifically focusing on women, through three key parts: a discussion of current themes surrounding millennial entrepreneurs, an analysis of data to develop a profile of the millennial entrepreneur, as well as recommendations for future areas of investigation.

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ByNWBC Council

From Neighborhoods to National: A Closer Look at Ecosystems for Women Entrepreneurs May 10, 2017

On May 10, the National Women’s Business Council united in the nation’s capital, Washington, DC, for the third public meeting of this fiscal year. Here are the highlights:

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ByNWBC Council

In crowdfunding women have the upper hand – results from Kickstarter

Crowdfunding—a method of acquiring capital from noncommercial sources, such as family, friends, and individual investors, by pooling funds through a virtual platform—has been praised as an innovative fundraising mechanism, allowing women entrepreneurs to access capital that may have otherwise been unreachable. Perhaps due to its creative nature, as well as the increasing accessibility of technology, the crowdfunding market is expanding at a rapid pace. Over a four year period, from 2011 to 2015, total funds raised through crowdfunding platforms globally increased from 1.5 billion to 34 billion. Of this, 17.3 billion of the total crowdfunding monies were in the North American market.

 

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ByNWBC Council

NWBC Entrepreneurial Ecosystem Model

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One approach to understanding the interactions between the actors and processes that support segments of entrepreneurs, such as women entrepreneurs, is the application of an “entrepreneurial ecosystem” framework. NWBC’s entirely new ecosystem model serves as a tool to evaluate regional support of women’s entrepreneurship. The convergence of the domains on women-owned ventures, centrally displayed, demonstrates that actors throughout the ecosystem work together to engage, advise, and drive the growth of women entrepreneurs.

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ByNWBC Council

Crowdfunding as a Capital Source for Women Entrepreneurs

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This research was commissioned by The National Women Business Council (NWBC) and prepared by A2F Consulting LLC to explore the distinct relationship between crowdfunding and women entrepreneurship, and develop a deeper understanding of crowdfunding as capital source. The research aims to: i) identify and document available demographic and other descriptive quantitative information on crowdfunding, including equity crowdfunding; ii) identify gender differences in crowdfunding in terms of industry, goals, investors, platforms used, and success; iii) document existing policies that may support or hinder women’s participation in crowdfunding campaigns; iv) provide additional information and guidance to women entrepreneurs seeking to raise capital through crowdfunding; and v) provide policy recommendations for supporting women entrepreneurs.

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ByNWBC Council

Incubators and Accelerators: Providing Support for Women Entrepreneurs

In recent years, the growth of women entrepreneurs has been unprecedented. Women now own 36 percent of all privately-held firms in the U.S., and the rate of ownership has increased nearly 27 percent since 2007. As the number of women-owned businesses surpasses 10 million, the U.S. is witnessing a wave of innovation in support of these entrepreneurs. These firms are vital contributors to the U.S. economy; however, for women entrepreneurs to continue to excel, there remains a need for strong programs that enable women to develop and scale their businesses.  At the same time, as women-owned businesses have been growing in number, incubators and accelerators (I/A) – organizations designed specifically to support early-stage businesses develop and scale – have been vital players in discovery and support of high potential women-owned startups.

 

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ByNWBC Council

Call for Applications: NWBC Summer Fellow (Summer 2017)

Background:

The National Women’s Business Council (NWBC) is searching for a college/university undergraduate or graduate student to join the team for a summer fellowship with a ten week minimum term beginning late May, 2017 (flexible start date).

 

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ByNWBC Council

Entrepreneurial Ecosystems and their Service of Women Entrepreneurs

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Women-owned businesses are a significant and growing but underrepresented segment of the U.S. economy.  In order for the United States, and its various regions, to reach full economic potential, policymakers need to be able to assess the mechanisms throughout their local economies that support women entrepreneurs and to effectively coordinate the variety of stakeholders that share the same goal.

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