Bangalore: Dell partnered with IHS Markit — a leading source of insight and analytics that shape today’s business landscape — has announced findings of the 2017 Women Entrepreneur Cities (WE Cities) Index, revealing how 50 top global cities are fostering high-potential women entrepreneurs (HPWE). The Cities Ranking list is led by New York City, emerging as the best city for Women Entrepreneurs while Bay Area (USA) and London find second and third spot, respectively.
Mumbai and New Delhi from India break into the Top 50 cities club for Women Entrepreneurs. Mumbai with rank of 40 has emerged as top city for India for fostering high-potential women entrepreneurs. Meanwhile, New Delhi secures 49 position in the ranking table.
Singapore ranks number 8 – the highest city within APJ – for high-potential women entrepreneurs, ranking number 5 as an enabling environment through Culture. Kuala Lumpur ranked as a ‘City to Watch’ and notable cities for success include Hong Kong, Melbourne and Sydney for factors such as Technology and Talent.
At the 8th annual Dell Women Entrepreneur Network Summit, Dell announced findings of the 2017 Women Entrepreneur Cities (WE Cities) Index, revealing how 50 top global cities are fostering high-potential women entrepreneurs (HPWE). Building on 2016 WE Cities research, this study ranks cities based on the impact of local policies, programs and characteristics in addition to national laws and customs.
“Cities in Asia Pacific (APJ) hold huge promise and opportunity for women entrepreneurs, with a number of cities in the region already realizing success in terms of attracting and fostering high-potential women business owners,” said Amit Midha, president, APJ commercial at Dell EMC. “Throughout the region and across the five city characteristics looked at as part of our WE Cities ranking – capital, technology, talent, culture and markets – we see cities differentiating themselves in specific areas. For instance, ranking #8 and #16 respectively are Singapore and Hong Kong. Both cities are focusing on technology leadership and their ability to enable women entrepreneurs to stand out, through technology and innovation. Kuala Lumpur is also emerging as a ‘City to Watch’ in recognition of its enabling factors for business and society.
“Globally, women’s entrepreneurship rates are growing more than 10 percent each year. In fact, women are as likely or more likely than men to start businesses in many markets. However, financial, cultural and political barriers can limit the success of these businesses,” said Karen Quintos, EVP and chief customer officer at Dell. “By arming city leaders and policymakers with data-driven research and clear calls to action, we can collectively improve the landscape for high-potential women entrepreneurs, which in turn dramatically lifts a city’s economic prospects — as what is good for women is good for the economy.”
Top 50 WE Cities Ranking & Methodology: Building on the past five years of Dell research on HPWE, cities were ranked on five important characteristics: capital, technology, talent, culture and markets. These pillars were organized into two groups — operating environment and enabling environment. The overall rating is based on 72 indicators; 45 of these, nearly two-thirds, have a gender-based component. Individual indicators were weighted based on four criteria: relevance, quality of underlying data, uniqueness in the index and gender component. The 50 cities were ranked as follows:
Top 50 Women Entrepreneurs (WE) Cities Ranking:
New York City