Export Development Canada (EDC) recently introduced a new $50-million Women in Trade Investments Program to provide equity capital specifically designed to help Canadian women entrepreneurs. EDC will work with women-owned and -led businesses that are strong candidates for significant export growth. The support will come in the form of equity capital through both direct investment and investment in Canadian venture capital funds that demonstrate a commitment to gender diversity on both sides of the entrepreneur/investor table.
“The market clearly has a gap in terms of women accessing capital at the critical commercialization stage, and we want to do more to address this,” said Jennifer Cooke, EDC’s Corporate Lead for Women in Trade. “For example, we know women entrepreneurs are more likely to access capital when there are women investors on the other side of the table, so we’re seeking fund partners who are also committed to improving gender diversity within their own senior management.”
For more information, visit EDC’s Women in Trade page.