Dublin improves its ranking as a city for female entrepreneurs
Dublin has improved its ranking as a city for women entrepreneurs in international research by tech giant Dell, thanks in part to the growing number of women starting companies in the city.
In the 2019 Women Entrepreneur Cities (WE Cities) report, Dublin moved up to 30th place, up from 34th in the previous survey in 2017. According to the research, 39pc of the city’s start ups are female-owned and 40pc of company board members are women.
The number of start up accelerators in the city – now numbering 29 - is also helping to support Dublin’s female entrepreneurs with networking, training and access to capital.
“Dublin ranked highly due to policies including the collection of data around gender use of technology, meaning the government is better placed to ensure equal access,” added the researchers.
However, the city remains in the bottom half of the rankings of 50 cities.
It fell down on some policy issues such as Ireland’s limited paternity leave, with current policy “hindering economic participation and reducing the opportunity for women to reenter the workforce”.
At present fathers are entitled to two weeks’ paternity leave but improvements will come in November when a new paid parental leave scheme is introduced.
The results were released at the Dwell Women’s Entrepreneur Network (DWEN) global summit in Singapore, which brings together 200 entrepreneurs from all over the world.
Dublin ranks ahead of cities such as Milan, Tokyo and Miami but is two places behind Belfast which ranked 28th.
Belfast scored well for its paid paternity leave and the number of women at legislature level. However, it fell down due to “critically low investment in female led businesses and low representation on VC firms”.
This year four women are attending the Dwen summit from Ireland.
Edel Doherty, founder of Beyond Business Travel, is a first-time attendee at the summit. Also attending from Ireland are founders of Belfast-based medical devices firm Trimedika Dr Roisin Molloy and Julie Brien, and Kate Hyde, the founder of tech company Glencove, the Cork firm behind Henparty.ie.
In this year’s Dell WE Cities report the San Francisco Bay Area out ranked New York for the number one spot this year, mainly because the Bay Area is one of the best places for women to gain access to capital.
Karen Quintos, EVP and chief customer officer at Dell Technologies told the summit San Francisco’s ranking was benefiting from a shift away from the ‘bro culture’ in business.
Mexico City had the greatest improvement ranking, moving from 45th in 2017 up to 29th place this year. The city benefited from an increased women in education, at top business schools and in its legislature.
The DWEN summit, which is marking its 10th year, brings together women that have businesses bringing in revenue of $2m-$3m.
Amongst the speakers are Grace FU Hai Yien, Singapore’s Minister for Culture, Community and Youth and Tom Sweet, Chief Financial Officer, Dell Technologies.