Generating Entrepreneurial Dynamism Supporting Female Entrepreneurs

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Generating Entrepreneurial Dynamism- Supporting
Female Entrepreneurs

• Marie Dorris
• Small Business Services
• National Unit for Womens Enterprise
• October 2004

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Strategic Rationale

• Scotland needs a broad entrepreneurial base
• Scotland has lower level of new businesses, lower
  level of female and young people in business
• Increasing interest by women to create new
  business opportunities
• In other successful economies around the world,
  new business creation is increasingly being led
  by women

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SMART, SUCCESSFUL SCOTLAND New Approach to
Entrepreneurship GENERATING ENTREPRENEURIAL
DYNAMISM
Encouraging Innovative, High-Growth Starts
Increasing the Contribution of Education to
Entrepreneurship
Encouraging More People to Start Businesses
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Increase in Female-led Business Starts
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Strategic Priorities

• Women into Business-Targeted Services
• Networking
• Micro-credit
• Business Investment for Growth (BIG)
• Mentoring
• Activities
• Scottishbusinesswomen.com
• Bi-ennial conference
• Events

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Networking

• Customised
• Localised
• Personal and business development
• Seminar approach
• Develop networks
• Link to mainstream
• Access to role models
• Peer mentoring
• Encourage start-ups

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Micro-credit

• Peer Group Support
• Loan Fund
• Group Lending Model
• Customised Sustained Training
• Linked to Mainstream Advisory Support
• Develops personal and business skills
• Develops Business Networks
• Provides Smale Scale Funding
• Encourages Growth

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Mentoring

• Growing businesses
• Monthly meetings
• Facilitated
• Review process
• Partnership approach
• 121
• Group mentoring
• Hi Growth mentoring

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BIG

• Improves Awareness of Bus Growth Stages
• Funding for Growth
• Investment environment
• Group Working and Seminars
• Development of funding and investment plan
• Mock Pitches

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Scottishbusinesswomen.com

• Promotes programmes and events
• Partnership activities
• Members database
• On-line registration and cross promotion
• Events calendar
• Discussion forum
• Case studies/role models

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WIB Conference

• Bi-ennial
• Stimulate interest and awareness among women
• Develop ideas and increase commitment
• Showcase support, intermediaries partners
• Encourage participation
• 1,000 attendees

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Women into Business Integrated Support
Business Gateway
Networking

• BG Services
• Business Information
• Business Start up
• Business Growth
• High Growth Start up
• BGF/Co-Investment Fund

Micro-Credit
Mentoring
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National Unit for Womens Enterprise

• Coordination and Collaboration between SE HIE
• National Unit
• External Advisory Group
• Research programme
• Examine best practice
• Work with partners at Scottish and UK level
• Womens Enterprise Strategy 2004/5

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NUWE Research Agenda

• Base lining evidence, examine and improve data
  sources
• Identify scale of womens enterprise
• Explore constraints - pre-pre to high growth
• Map and assess support mechanisms
• Assess attitude to and uptake of funding
• Examine and share information on best practice
• Inform policy and strategy development

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Women Enterprise Key Statistics

• Scottish dimension
• 67,000 self employed/women-led businesses
• 27.3 of the self employed(23.4 in 91)
• 5.9 of female population are self-employed(4.8
  in 91)
• 42 have employees (same for men)
• 40 operate part-time (only 13 among men)
• 13 of part-time business have employees
• Women account for more than a third of new
  business starts

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The Virtuous Cycle
More Start-ups
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For further information, please contact

• Marie Dorris
• Scottish Enterprise
• National Unit for Womens Enterprise
• marie.dorris_at_scotent.co.uk
• 0141 228 2494
• www.scottishbusinesswomen.com