Singapore is the only Asian city that made it to the Top 10 of the Dell 2016 Index for Women Entrepreneurs. Ranked 5th globally, Singapore has established a robust ecosystem to support women entrepreneurs with a strong focus on cultivating home-grown entrepreneurship and promoting digitization across all verticals.
“As the only Asian city in the top 10 of the WE Cities Index and having emerged as the third most Future Ready Economy in a study conducted earlier this year, Singapore is well positioned on a global landscape for women-owned businesses to thrive and is an exceptional example to Asia of the great contribution women bring to the economic growth of a nation,” says Margaret Franco, vice president, APJ CSES Marketing, Dell.
New York City ranks No. 1 overall among the Top 25 cities for its ability to attract and support HPWE with a top-ranked Operating Environment and an Enabling Environment ranked No.5. While New York City ranks No. 1 for Markets and Capital, it is No. 2 in Culture and No. 4 in Talent. It tops the list for its performance in Policy Enabling Market Access and is No. 2 for the Frequency & Value of Funding to businesses with women entrepreneurs.
The Bay Area (consisting of the San Francisco and San Jose metro areas) ranks No. 2 overall, ranking No. 2 for Operating Environment and No. 6 for Enabling Environment. It ranks No. 1 for Talent and No. 2 for Capital & Markets, with a No. 1 rank for Access to Markets and the Frequency & Value of Funding to businesses founded and led by women.
London ranks No. 3 overall, performing second for Access to Markets, third for the Operating Environment and Capital.
Stockholm and Singapore round out the top five in the overall ranking. Stockholm is No. 1 for the Enabling Environment foundational pillar ranking No. 1 for Technology and No. 9 for Culture.
Singapore performs in the top third of the 25 cities ranked for Talent, Culture and Technology.
Other Asian cities that are in the Top 25 are Beijing (13), Hong Kong (14), Taipei (15), Shanghai (16), Tokyo (17), Seoul (20), Delhi (22), and Jakarta (24).
“Innovation and job creation by women entrepreneurs is critical for a thriving global economy, yet our research shows some cities and countries are doing far more than others to encourage and support this important subset of the startup community,” said Karen Quintos, senior vice president and chief marketing officer at Dell.
“Our index provides insights to move the conversation with policymakers and city leaders from awareness to action and, in turn, to empower women entrepreneurs to have the greatest economic impact on the world.”
"Women entrepreneurs are our country's best bet for economic growth,” said Elizabeth Gore, entrepreneur-in-residence for Dell. “It's time for women to be politically engaged to ensure the right ecosystems are in place for them to scale. If politicians and entrepreneurs partner, dynamic policies can be put in place to close the circle and enhance the process from idea to enterprise. WE Cities can be used as a diagnostic tool to help ensure lawmakers are listening to their needs.”