The data is in! Investing in women entrepreneurs results in new jobs, revenues and contributions to communities, according to our report, Investing in the Power of Women: a Progress Report on the Goldman Sachs 10,000 Women Program.
The 10,000 Women Program was launched in 2008 by the Goldman Sachs Foundation to provide business education, access to mentors and networks, and links to capital for 10,000 underserved women operating small businesses. Late last year, I and my colleagues from Babson College from the Center for Womens Entrepreneurial Leadership worked with the Goldman Sachs Foundation to conduct the first systematic analysis of effects of this training program.
This report presents conclusions from a detailed analysis of a 50 question survey of more than 2000 participants from 43 countries who were surveyed at multiple intervals (6, 18, 30 months after graduation). We studied the impact of the training and education on growth oriented women entrepreneurs in a variety of emerging economies. Our analysis produced four important findings.
Our research suggests that women entrepreneurs who grow their businesses in less developed economies are exceptional role models for other aspiring women, and their success should be highlighted and showcased around the world. The statistics speak for themselves. Investing in training for business skills, providing mentoring and access to networks matters. Women entrepreneurs are a vital component to economic growth worldwide and programs like the 10,000 Women Program are an important step in moving forward.
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