If we want more women role models in the tech sector, then the criteria for funding needs to focus on women in technical roles. If we want to attract and retain women as employees in the tech companies, then we need the criteria to focus on gender diversity metrics (including retention) of tech roles within companies looking for investment. If we want to encourage and support women tech entrepreneurs, then the investment criteria must simply be women tech entrepreneurs.
I think the WIT Fund is a positive step and congratulate the BDC in trying to make a difference. However, I personally disagree with the criteria used to evaluate potential investments.
You can read more about my thoughts on standard criteria for the terms ‘women-led’ in an op-ed published today in the Globe & Mail here: https://www.theglobeandmail.com/business/commentary/article-whats-a-women-led-company-we-need-a-standard-definition/
If you’re not a G&M subscriber, the text of my op-ed is posted on the Canadian Women’s Chamber of Commerce website here: https://canwcc.ca/women-led-company-standard-definition-criteria/
I’m interested in feedback and dialogue around the criteria I propose in the article.
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