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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