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Innovative Financing for Women Entrepreneurs. Presentation by: Simone Desjardins, Special Advisor to the President Business Development Bank of Canada (BDC) May, 2004. Outline of presentation. Overview of BDC Mission and mandate Services Women Entrepreneur Market Facts

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innovative financing for women entrepreneurs

Innovative FinancingforWomen Entrepreneurs

Presentation by:

Simone Desjardins, Special Advisor to the President

Business Development Bank of Canada (BDC)

May, 2004

outline of presentation
Outline of presentation
  • Overview of BDC
    • Mission and mandate
    • Services
  • Women Entrepreneur Market
    • Facts
  • BDC and Women Entrepreneurs
    • Historical perspective
    • BDC financing activity
    • Access to Venture Capital
    • Current activities
    • Going forward – future strategies
bdc an overview
BDC – An Overview
  • Mission
    • BDC’s mission is to help create and develop Canadian small and medium-sized business through timely and relevant financial and consulting services
  • Nationwide network
    • Over 80 branches and 1,200 employees
    • One Virtual branch
  • $8 billion in assets – over 22,000 clients
  • Record $2.1 billion in authorizations fiscal year 2003
bdc services
BDC Services
  • Financial Assistance to Support
    • Start-upsDevelopmentGrowth / ExpansionMaturity
  • Consulting Support
    • Quality
    • Growth
    • Human Resources
facts on women entrepreneurs
Facts on Women Entrepreneurs
  • Women hold 50% or more ownership of more than one-third of all Canadian SMEs
  • Women predominate in service industries and are increasing their presence in other sectors
    • e.g., manufacturing, construction and primary sectors
  • A larger proportion of women-owned businesses are younger and smaller
  • Fewer women-led businesses export compared to men (8% versus 11%)

Industry Canada, SME Financing in Canada, 2002

what women entrepreneurs want
What women entrepreneurs want
  • Recent research provides some insights of what women entrepreneurs want
    • A long-term relationship with their banker
    • Value-added opportunities to network for information, resources and potential clients
    • Support in understanding and discovering growth opportunities
    • To grow their business beyond Canada’s border
    • To be treated equally and not differently than men

Generations Research Inc., Exploratory Research into Opportunities within the Women’s Market, 2001

bdc and women entrepreneurs an historical perspective
BDC and women entrepreneurs - an historical perspective
  • BDC has been a pioneer in developing initiatives to support women entrepreneurs for over a decade
  • Developed expertise through focus groups, surveys, in-depth research, training and mentoring programs
    • In 1990, the Bank pioneered the first comprehensive profile of women-owned businesses
  • In 1992, spearheaded training and mentoring programs specifically designed to encourage women to start and grow businesses [the successful Step-Up, Step-In programs]
  • BDC has evolved with the market and is now focussing on growth & export by promoting and supporting global summits and conferences
bdc and women entrepreneurs
BDC and women entrepreneurs

*Defined as more than 50% female ownership

current initiatives
Current Initiatives
  • Internal Committees in Branches – these committees champion business issues, are involved in local women’s organizations and participate in women oriented events
  • Discussion Workshops – Workshops and networking events on financial, export and growth planning are organized across the country.
  • Growth & Export Forums – BDC sponsored the launch of the first Canadian Chapter of the Women Presidents’ Organization (WPO) in May 2001. Since then, a second chapter was established in the fall of 2002. WPO members meet monthly to discuss a variety of business growth issues and participate in international conferences to develop export opportunities and business alliances abroad
  • Designated Web Section – Launch of a Web section providing value-added information on business management and promoting successful women entrepreneurs as role models
access to venture capital
Access to Venture Capital
  • Opportunity for women entrepreneurs
    • Stimulate a VC awareness
    • Facilitate investment forums for women entrepreneurs
    • Access to appropriate financing mechanisms
  • 6% of BDC’s investment companies are lead by women (Presidents & CEOs)
  • Women hold more than one-third (35%) of the management team positions
  • Particularly relevant in life sciences sector
25 million fund
$25 Million Fund
  • In October 2003, BDC launched a new $25 million fund targeted to women entrepreneurs
  • Target well-managed, established, fast growing businesses
  • This fund will serve to leverage additional private equity
going forward
Going forward . . .
  • BDC’s other future strategies for women entrepreneurs
    • Continue to support start-ups with new service offering and as part of the Bank’s overall strategy
    • Organize additional “Learning and Networking Forums” on growth, export and access to VC