Encouraging More Women-Led Businesses – Westpac economic report | Herald NOW Bu…
Encouraging More Women-Led Businesses – Westpac economic report | Herald NOW Business
NZ Herald ·
Encouraging More Women-Led Businesses – Westpac economic report | Herald NOW Business
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{"v":1,"chapters":[{"timeSeconds":1,"label":"Westpac Report on Women-Led Businesses","summary":"A new Westpac economic report suggests that removing barriers for women-led businesses could add up to $10 billion to the country's GDP."},{"timeSeconds":26,"label":"Barriers for Women Entrepreneurs","summary":"Women tend to be more risk-averse and may not put their family home up as collateral. They also often lack the networks and confidence needed to grow their businesses."},{"timeSeconds":52,"label":"Westpac's $100 Million Startup Fund","summary":"Westpac has launched a $100 million startup fund to support women entrepreneurs. This fund allows businesses to start without needing two years of financials."},{"timeSeconds":110,"label":"Addressing Funding Gaps","summary":"The report highlights that women-led businesses often struggle to secure funding due to a lack of historical data and established networks."},{"timeSeconds":146,"label":"Progress and Future Goals","summary":"While women-led businesses have doubled in number since 2000, they still only represent a third of all businesses in New Zealand. Westpac aims to support this growth through mentorship and networking opportunities."},{"timeSeconds":227,"label":"Key Barriers Identified","summary":"The primary barriers identified for women in business are related to finance, networks, and societal norms. These factors contribute to women being hesitant to take on high-risk ventures."},{"timeSeconds":350,"label":"Westpac and RE:AMP D Partnership","summary":"Westpac is partnering with RE:AMP'D to provide mentorship and guidance to female founders, aiming to help them secure funding and grow their businesses."},{"timeSeconds":395,"label":"Economic Impact of Women in Business","summary":"Supporting women-led businesses is crucial for economic growth, with the potential to add billions to the GDP. The report suggests that addressing these issues is a societal imperative."}]}
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