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Categories
Activism & Action

A Gender Lens on Digifest-Toronto's Tech Conference for Creatives


When I got invited to attend a three-day conference about digital creativity, technology and entrepreneurship, I dishearteningly prepared myself to be surrounded by men, sitting beside me and speaking on stage. The first day of Digifest 2016 kicked off on a Thursday morning in April at the gleaming Corus Quay building on Toronto’s waterfront. I got my media badge and headed towards the sunlit lobby. To my surprise, I was not the only woman in the room. In fact, half of the audience consisted of women and the first speaker to walk on stage was not a man, but two young women, one of whom was a woman of colour.
Seeing women speakers marked an important moment for me. Not because it made me feel less alone, but as you may have heard or seen for yourself, conferences have a problem with featuring mostly male panelists. Women are largely shut out from the speakers’ lineup of industry events, especially in male-dominated sectors like technology, finance or science. This has provided much fuel for projects like the 50/50 Pledge, started by Sandi MacPherson in Oakland, California, to get major tech events to aim for gender parity. Meanwhile, Rebecca Rosen has written a letter in The Atlantic asking men to turn down invites to speak on all-male panels. And this hilarious Tumblr was created to capture photographical evidence of the worst offenders where exactly zero women are featured on the agenda. The list includes a panel in Ottawa on library digitization strategies (an industry dominated by women) and another hosted by PayPal on gender inclusion in the workplace (again, there’s plenty of women who can speak about this).
At Digifest, where speakers from around the world are invited to spark discussions on topics like maker culture and interactive storytelling, 10 out of the 25 industry speakers are women. Though it’s slightly short of achieving gender parity, being near parity signals an improvement in the representation of women who get to share their expertise on a myriad of subjects. Getting a fair share at the microphone matters. It adds to the diversity of perspectives that are being presented at any given conference. It also increases the visibility of women as leaders, thinkers and role models. And that visibility creates opportunities for women to grow their business and advance to leadership roles.
The first two women I get to hear speak at the event are Toronto architects Em Cheng and Jennifer Davis. They presented their Play-Full City project, a free smartphone app that lets Calgary residents find forgotten public spaces and use them to play recreational games like hopscotch or bocce ball. The women are new to app development, making this the first major digital-focused event they were invited to speak at.
“What’s interesting for me is that they let us talk even though we’re architects and not digital-specific people,” says Davis. For her, this opportunity lets her showcase her work in front of industry people who wouldn’t have otherwise heard of her or her work. But deciding to say yes to a speaking event like this depends a lot on how it’s organized in the first place. “It’s important to look at the roster and see how many women are actually speaking,” she says. “That to me shows they’re taking a systemic approach to gender representation.”
After overhearing our conversation, a male audience member responds, “You know what? I never really thought about that but you’re right, I want to hear more women speaking at these events.”
For some women speakers, getting a chance to talk on stage means possible funding opportunities for their business. The much-anticipated fourth annual “It’s a Start” competition was held on the last day of Digifest. Ten entrepreneurs are given the chance to pitch their startup ideas in five minutes or less in front of a panel of judges. The top three teams take home cash prizes of $2,000, $3,000 and $5,000, plus they are given mentorship from industry experts and working space at George Brown College’s Digital Media and Gaming Incubator.
Out of the 10 pitchers, four are women and of the eight judges, only two are women. This underrepresentation is not lost on Anna Isachenko, who is the sixth (and first woman) entrepreneur to step on stage. The operations czar behind SPLT, a Detroit-based ride-sharing app for clusters of employees, purposely wore pants to combat any homophilic biases from the mostly male judges. “I’ve recognized that I don’t look like the power figures of the events that I go to,” says Isachenko. “If they’re not used to seeing female figures in higher level positions, it’s harder for them to see how I could be successful at a company.”
Isachenko is used to working in a male-dominated space given the fact that she’s trying to carve out a share of the transportation market. When she is preparing to attend conferences, she always makes sure to do her homework and check out the roster of speakers, attendees and judges ahead of time. “I have to be more alert and more on my toes,” she says. Translation: she has to be ready to get outnumbered by men.
Her prep work pays off. After the pitching portion concludes, the judges pick Isachenko’s business as the second-place winner. She’s the only woman to nab one of the top three spots thanks to her implacable confidence and her company’s impressive market readiness. Before she heads back to Detroit to share the exciting news with her team, Isachenko tells me that though there’s a gender imbalance at most of the events she attends, the fact that she pitched her startup and nabbed the prize is her way of showing audience members and event organizers that more women can and should own the podium. Says Isachenko: “Even if these conferences are mostly men, there is still a way for it to empower me rather than bring me down.”
 
 
 

Categories
Activism & Action Systems

Confronting Gender Inequity And Inclusion in The Innovation Space

Many people seem to believe that innovation capacity is any economy’s secret sauce. The more of it, the better. According to many experts, achieving top tier results in the innovation race is as simple as focusing on getting more business owners and entrepreneurs innovating. In other words, it’s a numbers game.

If this is truly the case, then surely solving Canada’s innovation under-performance is a cinch. Just offer relevant support for ambitious, talented women in the innovation space and the number of entrepreneurs and businesses innovating could increase by 30 per cent overnight. The economic impact would be seismic.

Yet the $200-million-per-year innovation strategy now being touted on the conference circuit by Minister Navdeep Bains, which highlights many ways to drive more innovation output, says nothing about gender parity, let alone mentioning it as a big opportunity. Additionally, the documents circulating online about the initiative also gives no indication that it is even a priority.

Improving on Canada’s glacial innovation advancement record is an important pursuit but so far, this new plan isn’t hot enough to unleash its benefits, especially if it continues to leave female innovators chilly, and potentially out in the cold.

Are Today’s Incubators and Accelerators the Solution?

The Bains mandate states “expanding effective support for incubators [and] accelerators” as a key solution. But how well do today’s incubators and accelerators serve women?

Let’s take a look at an example up close.

One of the most prestigious, well-resourced, young talent–seeking incubators in the country, The Next 36, proudly announced on June 15 a new venture capital fund led by BDC Capital in participation with Globalive Capital and private investors. While this may sound like good news for innovation, one must ask why more money is being spent to support a program run by a 92 per cent male leadership structure?

A closer look at the organization’s leadership (as advertised on its website) finds that men make up six out of seven of its founders, 13 of its 14 board members, 13 of its 14 faculty members, and 19 of its 22 mentors. And the number of female innovators selected annually to participate in this elite program ranges from five to 11 out of a total of 36 per session over the past four years. Go a level deeper and look at seven of the companies that the current board members of The Next 36 work for as their “day job” collectively. The boards and senior management of these companies have just five women in a total of 48 positions (that’s just 11 per cent).

It doesn’t seem to get any better when it comes to the leadership of the principal partners involved in this newly announced fund. Government-owned BDC Capital lists eight men and just one woman on its executive team. Globalive Capital and Alignvest, both self-described “world-class” investment management firms, are made up of 100 per cent men in their partner ranks.

Gender inequality at work in this incubator is more than skin deep. Sadly, The Next 36, an idea with exceptional potential, is starting to look more like The Past 36 at a time when Prime Minister Justin Trudeau, a self-declared feminist, managed to achieve gender parity in cabinet in one fell swoop.

Moreover, The Next 36 example is not an isolated one. Here in Ontario alone, many regional innovation centres themselves acknowledge and report sub-optimal performance in the gender equality department with participation level ranging from a low of four per cent to a high of 25 per cent.

The innovation eco-system has a long way to go to meet Kathleen Wynne’s and Justin Trudeau’s standards of gender parity.

Back to Canada’s Innovation Strategy

If we truly believe gender diversity has a business case when it comes to realizing enhanced performance, then we must also believe that gender diversity matters in innovation policy.

Solutions

LiisBeth has four ideas to offer:

  • First, government-funded incubators should be asked to pledge to achieve gender parity within management and mentor ranks by the end of 2017 and be given one year to get there.
  • Innovation policy should encourage and support the creation of autonomous, women-led, female founder–focused incubators and innovation programs. It’s nice to think a gender-blind approach is a pinnacle of form, but if we are honest we know it typically means a male-led and male-centred approach to a masculine culture environment that—by the way—also welcomes women. The research is clear. This works for some, but not many.
  • Unleash innovation at the margins by developing a complimentary demographic-based incubator strategy. Innovating something new and forgoing income to do it is scary enough, let alone trying to succeed in a space that doesn’t make you feel like you belong. Many talented innovators simply do not feel comfortable or motivated by being a part of a culturally or socially alien space, including Indigenous, trans, new Canadian, or age 50-plus entrepreneurs. It might be interesting to note that other nations seem to have figured this out. For example, Israel now has an ultra-orthodox tech incubator. If we want more business owners and entrepreneurs innovating in Canada, we cannot arrogantly insist that they all participate in an environment “we” think is best for them. A little support for demographically specific incubators would go a long way.
  • Finally, we should also require all private venture capital firms seeking government-matching funds to disclose their gender equity and diversity state, and submit plans for improving them within 18 months if they are below the water line. We all know this: equal access to capital is absolutely critical if we are to truly leverage our talented female and other marginalized innovators.

Optimism?

There is room for optimism. For example, the Bains Ministry’s recently published backgrounder states: “Only by mobilizing every sector of society to do its part will all Canadians have the opportunity to participate fully in an innovation economy.”

In addition, Bains’ mandate letter from the prime minister says expressly that the Minister of Innovation, Science and Economic Development is expected to “help ensure gender parity.” As his mandate marching orders—and common sense—dictates, Bains must work to correct a no longer acceptable gender gap in the innovation space.

How much he has taken to heart in this arena is unclear. Bains’ recent eight-minute speech at Canada 2020 covered the usual: the importance of tech; being kinder to failure; his father’s $5 self-made entrepreneurial journey; the value of universities; and how to become a global innovation leader. But there was nothing said on the issue of gender parity in the innovation space.

If Minister Bains wants to succeed where others have failed, and if indeed, winning at innovation is a numbers game, then fostering gender equality and broader inclusion overall are two significant opportunities that should not be overlooked.


Want to write to Minister Navdeep Bains to voice your opinion on his innovation strategy? He is looking for input. Details on how to contribute to the discussion have not yet been announced, but in the meantime, you can email him at [email protected]


Categories
Curated

8 Financing Resources for Women* Entrepreneurs

All businesses need money to turn the wheels. Here are eight venture funds that target women entrepreneurs.

Article written and submitted by Ellie WainainaKenyan Freelance Writer

It’s 2016 but women still struggle to obtain financing for their businesses. Research shows that companies headed by men will receive over 95 per cent of all investments made in business. Given it’s 2016, this is highly disappointing.

Perhaps one of the major reasons why funding for women-owned businesses is so difficult to obtain is the number of women in senior positions. Women only make up 15.4 per cent of CEO positions and hold 33 per cent of senior management positions. Fewer women in senior positions means fewer women with the means to become future angel investors or partners in investment firms.

Based on the law of averages, men are more likely to find it easier to get the financing they need from investment companies than their female counterparts.

As a female entrepreneur, starting and operating your business may end up being an uphill battle. However, you can get the financing you need by taking advantage of financial resources more readily available for women. Here are some of the resources:

 

1. The Eileen Fisher Women-Owned Business Grant Program

The Eileen Fisher Women-Owned Business Grant Program awards $120,000 for up to 12 recipients each year. Therefore, the minimum you can get from this grant program is $12,000, which will greatly help your cash flow. To qualify for this grant, your business should:

  • Be majority-owned and majority-led (51 per cent qualifies as the minimum).
  • Have revenues of less than $1 million the year preceding your application.
  • Have been in operation for three years prior to your grant application with financials to show.
  • Be founded upon the goal of creating social and environmental change.

Applications are open every year in April and May.

2. Kabbage’s Online Loans

Kabbage is an A+ rated online lender that cares more about the health of your business than your gender or even credit history. If you have been in business for at least one year and have $50,000 or more in revenue, Kabbage is a good financial resource to explore an open line of credit.

In order to enjoy the benefits of financing from Kabbage, you will need to open a free account, then link to the online services that you use to run your business, such as Amazon or PayPal.

Once your application has been viewed and approved, you will get access to the line of credit that you need. The loan amounts range from $2,000 to $100,000. You will then be able to access the money on the go—whenever you need it.

You will have the choice of getting your loans on either a six-month or 12-month plan. In order to qualify for the 12-month plan, you need to borrow at least $5,000. The interest fees vary from 1.5 to 12 per cent, which is quite reasonable.

3. Plum Alley Crowd-Sourced Funding

What better way to find financing for your business than from other female entrepreneurs who know what it’s like to struggle?

Enter Plum Alley. This is a crowd-funding site with a difference. It specializes in helping women obtain financing for their businesses from other women or men who want to advance the cause of women in business.

In order to obtain the funds, you will need to open an account, create a project on the platform by providing basic details such as your location, funding goal, and category in which your business belongs. There will be instructions along the way to help you create an effective campaign to get you the financing you need.

In exchange for the money you’re given, you will offer rewards to your investors. This can be anything from a thank-you note to a pre-purchased product that you create with the financing you get.

You definitely should consider crowdfunding via Plum Alley if you are looking to avoid punitive interest rates associated with loans, but are willing to give away something for free.

4. The Union Bank Business Diversity Lending Program

While there are traditional lending institutions that will make it difficult for you to access funding for your company, Union Bank is not one of them. Through Union Bank’s Business Diversity Lending Program, you can access financing of up to $50,000. You can apply online for this loan if you run a woman-owned business and actively manage at least 51 per cent of it.

In order to ensure that your business has access to the diversity loans, your business should have annual sales of less than $20 million. The company you own and manage should also be two years or older and have borrowing needs of less than $2.5 million.

Once you have determined that you meet all the set requirements, you can go about applying online for your business loan.

5. 37 Angels Funding

While the odds of you making it to Dragons’ Den are very low, you can still access investors via 37 Angels, which specializes in seed stage investing. Because it’s made up of over 50+ women investors, you have a higher chance of getting the financing your woman-led business needs to operate and expand. You can then pay it back with interest or offer equity to the investors.

In order to have a shot at getting funding, you need to use the Gust platform to pitch via video. The 37 Angels investors will then call you to determine if your business is a mutual fit.

If that’s the case, the company, as a network, will invest anywhere from $50,000 to $150,000 into your business. Angel investors in this network can also help you raise between $500,000 to $1 million.

The decision on whether 37 Angels will invest in your business or not will come through in four weeks, which is a relatively short time. To increase your chances of getting positive feedback, be sure to apply when your business earns $50,000 to $500,000 in revenue. It will be much better for you if your company is valued at $2 million to $6 million, and if you’re able to make the pitch in person in New York City.

6. Kickstarter’s Crowd-Sourced Funding

If you are looking to dip your entrepreneurial toes into the creative arts or technology industry, then Kickstarter is the online funding resource you should explore. Kickstarter is one of the largest crowd-funding sites online. In 2013, Kristen Bell, the star of the Veronica Mars TV series, and director Rob Thomas, took to the platform after getting rejected by Warner Bros. Through Kickstarter, they sought alternative funding for the Veronica Mars Movie Project and requested people to help fund the film.

Guess what? People did!

The Kickstarter project ended up raising over $5.7 million from more than 91,500 backers. The fact that the movie ended up being made is a testament to the power of crowd-sourced financing for entrepreneurial projects. So, what’s stopping you from doing the same? Why shouldn’t you enlist the help of internet strangers to fund your business dreams?

Make sure you take the time to familiarize yourself with the Kickstarter platform. Sign up, create a project, and determine which category your business lies. Then go about writing details about your business product, state your funding goals and deadline, and wait for donors to fund your entrepreneurial ventures. Most successful projects tend to raise under $10,000, so no dream is too small.

You can offer rewards in return for funding that is given to you. It could be something as simple as a copy of the product item you end up creating, or something intangible in the form of unique experiences.

You will only be charged a fundraising fee for a fully funded project, which is always a good thing if you fall short on your financing goal.

7. Walmart’s Global Women’s Economic Empowerment Initiative

Your business doesn’t have to be in the U.S. for you to enjoy funding resources from that country. There are financing programs like the Walmart’s Global Women’s Economic Empowerment Initiative (WGWEEI) that will stand you in good stead.

The WGWEEI aims to source at least $20 billion from women-owned enterprises in the U.S. and abroad. It also aims to launch and operate a dedicated marketplace for women-owned products.

Perhaps the most noteworthy aspect of the Walmart empowerment initiative for women is the grants that will be made available to you. Walmart aims to provide $100 million in grants toward women-owned businesses over a period of five years starting from 2011. Though this is the tail end of the initiative, you still have a chance to get on the funding boat.

If you have a business that will empower women in your country, and that country is covered under the WGWEEI, then you qualify for Walmart grants. Grants can range from $250 to $250,000, so there’s money to be had for your business if you require financing. However, you have to submit a final impact report when applying for grants. Be sure to read the updated guidelines before you take any step in that regard.

8. Requested Donations from Reddit or Similar Sites

Just as there are many ways to skin a cat, there are also as many ways to obtain financing for your business.

Take Reddit, for instance, one of the most popular online social forums out there. In March 2016 alone, the platform had over 243.6 million unique visitors from 212 countries. That’s impressive! Prior to 2009, whenever Redditors wanted to share their images, they would use all manner of platforms to do so, which resulted in compatibility complications. That was until one Alan Schaaf decided to do something about it. He created Imgur, an image hosting and sharing site that was compatible with the Reddit platform.

Originally, Imgur was meant to be a gift for the Reddit online community. However, Schaaf got serious with what he had deemed a side project and decided to develop it further for all internet users. Money was an issue. But because Imgur offered a service that Redditors really appreciated, they donated money to keep the site going until Schaaf was able to get financing from Andreessen Horowitz, a $4 billion venture capital firm. And that is how the modern version of Imgur was born.

or

Are you wondering why this story is relevant? It’s simple really.

If you have an idea of how to meet the needs of a large group of people, financing should not be a problem. Just the thought that you will be able to solve a major problem is enough to inspire people to finance the development of your product.

Online communities like Reddit are a good place to test your entrepreneurship skills. The very people who donate funds to your growing business will also provide constant feedback for your product. This should help you refine that product until you have something good enough to present to major venture capitalists for more financing. Alternatively, you can use the donations you get from Reddit or other similar platforms to operate your business until you can monetize it effectively.

If you have an online product that will appeal to large audiences like Reddit, don’t be afraid to ask for donations. The worst that can happen is you will get no for an answer. That’s not a life and death matter, is it?

Just because the odds are against you as a female entrepreneur does not mean you should give up. Each day is a new day. As time goes by, the financing options for women in business will continue to increase. You should, therefore, take advantage of every funding resource that comes your way to start, run, and expand your business. The aforementioned resources are just the beginning.

RELATED READING

Categories
Activism & Action Our Voices

How To Embed Feminist Values In Your Company

Hear No Evil web size

Core values influence everything you do in life if they’re truly core to who you are. You don’t need to embed them when you live them. Still, there are lots of outside influences that may challenge those values, and developing the radar to question what may parade as a feminist value—but isn’t—is an important skill.

Recently, Gregory Cowles, who writes for the New York Times, had this to say about The Rainbow Comes and Goes, a book by the celebrity mother and son pair, Gloria Vanderbilt and Anderson Cooper: “Vanderbilt is frank and sometimes salty, as when she confides that she faked all her orgasms until she met Howard Hughes.”

You may be thinking, what is the connection between faking orgasms and embedding feminist values in the operation of your company? It’s about speaking the truth. I was struck by the idea of “faking an orgasm.” What does it mean when a woman fakes an orgasm rather than telling her partner what she needs to achieve orgasm? There are layers of possibility: She doesn’t want her partner to feel inadequate; she doesn’t yet know how she can orgasm; she doesn’t enjoy sex with her partner; she’s uncomfortable with her own sexuality. Why can’t she speak the truth and tell her partner that she hasn’t or doesn’t orgasm but would like to, so can they work on it together?

Until we are able to speak up, speak out, and speak our truth, we will be barred from full equality. Women are frequently characterized as worrying more about being liked or coming across as too aggressive. We are not encouraged to claim credit for our own ideas, or claim the space to speak and be listened to. These behaviours are influenced by socialization. Temperament plays a part, but men and women with similar temperaments are socialized differently, with different encouragement and outcomes. When Sheryl Sandberg urged women to lean in, she was encouraging us to claim our space and use our voice. Desiring satisfying sex and knowing how to achieve it may have similarities to building a successful business.

Developing a feminist understanding of what is going on around you means observing, listening, and constantly questioning. That is how you build the confidence to speak up and find the voice that expresses your truth. Ask yourself who is speaking, whether they have a bias, and what it might be. Examine it and ask yourself why. Don’t assume that the person who speaks most is the most expert, that the person with the strongest opinion is the smartest, or that the most experienced person has the best connections. Questioning leads to uncovering the truth. It takes time and experience to develop the skills and the courage to question effectively.

I don’t think it’s possible to effectively embed values you don’t live by into your work. If you believe in equality, then you’ll be uncomfortable in a situation that is unequal. You’ll know because you’ll feel it. The felt sense is not just what’s in your head, but what’s in the pit of your stomach, which is a telling indicator. How do I know something is out of kilter? My breathing changes. I used to ignore it, thinking only what I think is important. Then along came EQ, or emotional intelligence, and the recognition that the most effective leaders have both intellectual and emotional intelligence. What used to be dismissed as women’s intuition is now recognized and validated as an essential component of being effective. Now I pay as much attention to what my body tells me. It’s the felt sense that often triggers the most critical analysis of what is going on around me.

Embedding feminist values into your life, and therefore your business, will involve challenging the status quo.

There are lots of things going on around us that are highly discriminatory, but sometimes you have to scratch the surface to discover them. Have you ever worked in a business environment where there is a cone of silence around salaries? Have you wondered why? The inference is that someone else isn’t getting the same salary as you, so don’t blow your advantage. But whose interest is it in to encourage people not to share their salaries? Not yours if you’re the one being discriminated against. Employees who accept being silenced are buying into inequity.

When information is open and shared, and everyone knows what it takes to get to a particular position or level, then there is no need to be secret. Silence reinforces secrecy, and secrecy encourages people to see themselves as winners or insiders. If you’re an insider, it means someone else is an outsider. And at any moment the tables can turn. Sometimes women covet the insider position, having long been denied it, but by being silent they actually advance inequality while believing they have broken through it.

Not every decision you make for your business will be overtly feminist. You may select a supplier because they have the best reputation. But if you accept that at face value, the business landscape will never change. Bringing feminism to your business may be as simple as checking your assumptions and questioning the common wisdom. When is the last time you intentionally checked to see if there were any women in your sector who could be a supplier? Perhaps there’s a supplier who has newer businesses just like yours and has not yet built up a long-standing reputation, but they know their stuff. You could help each other break through some of the “old club” barriers. The pie will only get bigger if you’re willing to roll the dough out farther. Just as your openness might benefit another woman’s business, the same could hold true for yours.

If you are a woman running a trucking company, I can guarantee that you will face barriers just because you’re a woman—and not because you can’t do the job. Take the time to check and see if you’re making, or accepting, any assumptions that men are better at the job because they’ve been doing it longer. Challenge yourself to think independently. Being passive in your decision-making is about as satisfying as a faked orgasm.

The only lesson I repeat again and again is to remember that we have all had a helping hand at some point along the way in life and business. For some, that help is big and obvious. For others, it’s so small that the person may not have realized it at the time. But no one does “life” alone. It’s important to remember that for yourself and for others. And if you do, then you’ll have embedded an important feminist value in your practice and beliefs.

 

Categories
Our Voices

Meet Mithula Naik: Feminist Designer, Latent Entrepreneur

Mithula Naik

Mithula Naik was studying industrial design in Chennai, India, a city of eight million, when she observed that women roaring around town on motorcycles and scooters were wearing bulky, ill-fitting helmets. As the daughter of entrepreneurs, she immediately saw an opportunity to capitalize on her interest in gender and design. “I didn’t just want to take a pink-and-shrink approach to designing a new helmet line for women,” says the now 26-year-old. “I wanted to see how I could enable a better riding experience by designing a better fit. So I researched the particulars of how a woman’s head shape and size is different from a man’s and came up with a better helmet that is ergonomically suited.”

Convincing manufacturers to buy into her idea was not easy. “I had to go to several manufacturers. At first they didn’t think a different helmet for women was necessary, let alone sell,” she says. Eventually, India’s Vega Helmets decided to give the idea—and Naik—a try. And the product took off, launching in 2014.

Naik identifies as a feminist and a feminist designer. LiisBeth recently interviewed her to chat about growing up in India, feminism and how we can redefine entrepreneurship:

LiisBeth: What did your father and mother do for a living?

Naik: Both my parents are entrepreneurs. Both of them work in business. My mother runs a primary school and day care centre. It is based on a Montessori model of education, and goes from preschool/day care through to the fourth grade. Her school is now 35 years in operation. It’s not a large school; it has about 100 students. She prioritizes maintaining quality instead of franchising and expanding the school. My father runs a business for flooring and interiors, so he does granite, marble and interior-related work.

LiisBeth: As a person who’s growing up in an entrepreneurial family, what’s your perception of how entrepreneurship is viewed in India in general?

Naik: Entrepreneurship is understood in two very different ways in India. Firstly, there’s micro and small businesses, the mom-and-pop-shop kind. This kind isn’t considered so special and is often taken for granted because it’s what everyone does. It’s mainstream. A lot of people are entrepreneurs and entrepreneurial because they have to be. It’s needs based and a well-known way of life.

The second kind is medium to large businesses. More recently, with the Indian Prime Minister Narendra Modi promoting “Make in India,” there came a new kind of entrepreneur. FlipKart’s largest ecommerce chain competes with Amazon. Ola Cabs, India’s very own online cab aggregator, competes with Uber. These are the newer more aggressive and high-growth-oriented entrepreneurship ventures.

But back to the small business world, the influence of family expectations plays a big role in how young people consider entrepreneurship as a career. Your grandfather had a shop. Your father expanded it to two shops, and now as the next in line, you’re taking it to the next level, either developing a third shop or looking to expand internationally with a higher growth mindset. This is the mindset maintained by many of my friends from India. Many go abroad, get international business degrees and then come back to manage and grow their family businesses.

Growing up I believed it was, in fact, harder to get a corporate job than start a business. The entrepreneurial family and the life that goes with it were familiar enough to me that I didn’t really think of it as a desirable career option. There was a certain amount of predictability to it. Also, there is a profound sense of responsibility of a different kind, in that you have to carry the foundations of what your parents have persevered for. I feel extremely fortunate because my parents never placed any expectations on my brother and me to take their businesses forward. They wanted us to dream our own dreams.

LiisBeth: I want to explore this idea a little bit more because I find it intriguing. You grew up in an entrepreneurial family, in an entrepreneurial culture, yet you thought a job would be a great idea.

Naik: Yes.

LiisBeth: [Stunned] Why is that?

Because entrepreneurship, as any career would, comes with its constraints. Just because you are the CEO doesn’t necessarily mean you will be making as much money as you could be working for someone else. A lot of Indians return to India after spending time in the west earning more working at a job than their families ever did owning a small business in India. But this is common as well, immigrating to the west for a higher socio-economic standard. Entrepreneurship is also a deep commitment and responsibility like I mentioned. Personally, I couldn’t see myself putting all my energy in my early 20s in building one business, in the same city I grew up in and having to stay on to build it for the rest of my life. And although that is an equally joyful and challenging journey I personally wanted to travel and experience what was out there, and I was very fortunate to be able to. The world is a smaller place these days.

My core skill is design, and I need to grow as a designer. I thought I could best accomplish this by working with a large company where I would have the opportunity to collaborate with talented people from multidisciplinary fields. Working in an organization and in teams to solve problems seemed to me to be a more attractive idea than jumping on one “big idea” I might have as an entrepreneur.

LiisBeth: Are women entrepreneurs respected in India?        

Naik: I’d say the idea of women entrepreneurs who are in business for themselves in India is not as common as it is in North America. A lot of Indian women pursue business training (MBA) but then are weighed down by family expectations to work in their family’s business or join the corporate workforce. The idea of an Indian woman having her own business where she has 100 per cent autonomy is something rather recent. However, the stereotype of Indian women entrepreneurs being married women who work alongside their husbands, or daughters working with their fathers, is slowly changing.

The changing scenario can be seen by looking at the many young Indian women today using the internet and social media platforms to start their own autonomous businesses. Facebook for Business, particularly for small and medium enterprises, I believe is thriving in India. Start-ups from women entrepreneurs seem to be currently concentrated in traditionally women-led industries such as cosmetics, accessories, fashion and confectionery, but I definitely see that women in India are waking up to starting their own enterprises in other areas.

LiisBeth: Are you a feminist?

Naik: I would surely consider myself a feminist.

LiisBeth: What does that mean to you?

Naik: I guess it’s just the radical idea that women and men are equal! [Laughs.] But seriously, if you have a belief in fundamental human rights, you need to be a feminist. I really loved this new idea I read about, where we should stop asking people if they are feminists. We should ask instead if they’re sexist because really, you’re sexist if you’re not a feminist. Unfortunately, people, including many women, don’t understand the true meaning of feminism. There are too many negative connotations people associate with it, which takes away the basic meaning of feminism.

LiisBeth: Tell us about your final master’s major research project.

Naik: My project is titled “Beyond the Economic: The Influence of Women Entrepreneurs in Canada.” In an exploration of women’s entrepreneurship in Canada, my project seeks to re-examine the stereotype of the male as the prime entrepreneurial role model. It does this by uncovering the distinct experiences of women entrepreneurs for the expansion of both economic growth and social impact.

LiisBeth: What did you find out?

Naik: My research shows that Canadian women entrepreneurs have a lot of experience negotiating between the two complex entrepreneurial systems of for-profit entrepreneurship and social entrepreneurship to reveal a middle ground. As a result, they are quicker to adopt a vision of Canadian society wherein businesses do not act in conflict with the good of the people, but rather alongside it. Think, hybrid enterprises. However, my study calls for more research in the subject, as there’s still a lack of available data on women’s entrepreneurship when compared to men.

LiisBeth: Why study women entrepreneurs in Canada?

Naik: Initially, I wanted to learn about how women entrepreneurs work in a first world country like Canada compared to a developing country like India. I thought I might come away with a sense of the ideal Canadian woman entrepreneur archetype that might be useful, motivating and instructional when comparing them to other women entrepreneurs in other countries. Instead, I came away with a much more interesting finding. It turns out Canadian women entrepreneurs have had a long history of fusing social benefit with business—a little known fact from what I could see. That experience and knowledge seems to be highly undervalued here. They could serve as a role model to so many others around the world.

LiisBeth: Can you discuss one of your project’s recommendations?

Naik: My first recommendation is that we begin to understand “impact” in more ways than merely financial and fully value the contributions made by women-led ventures. Many of their ventures not only contribute to the economy in the form of jobs created and supplies purchased, they also lead the way in running enterprises that measurably improve society and the environment. More progressive enterprise valuation formulas based on a broader definition of economic contribution could lead to new funding mechanisms and unleash a horde of financially oppressed but growth-minded women entrepreneurs.

LiisBeth: Any ideas on how to measure the value of social and environmental contributions?

Naik: Sure. We can start by carrying over new and now generally accepted “social impact metrics” and put a dollar value to social benefit outcomes. The social finance space is pioneering new ways of measuring social value. And the non-profit sector has also developed many new methods for assessing social impact and converting them into monetary terms. All we have to do is carry this concept over into the for-profit, commercial-lending and investment spaces so that a blended value enterprise can gain access to higher levels of funding since their balance sheet would include these other assets. I think government banks like BDC (Business Development Bank of Canada) could play a lead role in this.

LiisBeth: Being new to Toronto, and Canada, what strikes you as the one thing that sets us apart from other countries?

Naik: Inclusivity. I know diversity is emphasized in many places, but you can be in a highly diverse space that is largely segregated and less inclusive. From what I have experienced, Canada as a country emphasizes inclusivity to a great extent. It allows people from all over the world to come together to produce great things regardless of their differences. This has surprised me on many occasions. In my experience so far, Canada looks at people’s inherent capacities, what they bring to the table and not the colour of their skin or where they come from.

LiisBeth: What’s next for Mithula?

Naik: I have been working with the Central Innovation Hub at the Privy Council Office and definitely looking forward to working on many more exciting projects. I’m using the tools of design thinking and social innovation to solve policy and service delivery challenges in the public sector. Can’t wait!

 

Categories
Activism & Action

Entrepreneurs by Choice; Activists By Necessity

Entrepreneurs-by-Choice-Activists-By-Necessity-LiisBeth

Writer Natalie Clifford Barney once called entrepreneurship “the last refuge of the troublemaking individual.” Surprising words, considering charm and tact are considered essential tools for anyone starting a business. And kicking down doors isn’t exactly charming behaviour.

But for many women, particularly those working within oppressive environments, the very act of starting a business can be frighteningly disruptive to the social order. When entrepreneurship also entails rising out of prejudice or poverty, activism becomes a necessary part of the toolkit. As history shows, it can be an incredibly valuable tool.

Many female business pioneers consistently spoke truth to power while simultaneously building what we would now call their brands. Take, for example, cosmetics magnate Elizabeth Arden. Born Florence Graham in 1884 in Woodbridge, Ont., Arden popularized makeup for women at a time when it was worn primarily by actors and prostitutes. Since that time, of course, women’s relationships to cosmetics can best be described as uneasy; in fact, some might criticize Arden for fostering a culture that not only allows, but mandates cosmetic “improvement.”

But in the early 20th century, wearing makeup was a sign of a woman’s determination to please herself. On a spring day in 1912, Arden did her own unique part to advance the suffrage movement by getting marchers in a New York City parade to sport her signature lipstick. It was bright red of course, the colour of daring and defiance.

Arden’s contemporary, Mary Pickford, is best known as a Hollywood film actor who became “America’s sweetheart.” But she was also a highly successful business executive who also happened to hail from Canada. Pickford (born Gladys Smith) began producing her own features shortly after her acting career began and later co-founded the United Artists studio to secure financial and artistic freedom for filmmakers.

Pickford constantly used her power and profits to help others in the screen trade. Her projects included building a specialized hospital for ailing industry workers, as well as establishing the Motion Picture Relief Fund to provide assistance to impoverished actors. She was also a major fundraiser for the American army’s efforts during the First World War.

Georgina Binnie-Clark wasn’t nearly as famous as Arden or Pickford, but deserves equal celebration. Binnie-Clark was an aristocratic Englishwoman who found herself in a precarious economic position in the early 1900s. At the time, there were almost a million more young women than men in England after many of the latter had been lost to immigration and war. Marital uncertainty became a problem for upper-class women, whose identity was solely defined by their husband and children (working-class women routinely held jobs outside the home).

Binnie-Clark immigrated to Saskatchewan where she did the most shocking thing for an upper-class woman: she became a successful farmer. Throughout her life on the prairies, she fought numerous obstacles. Because she was a single woman, the government deemed her ineligible to own a homestead, despite a petition signed by 11,000 men to get the law reversed. Undaunted, Binnie-Clark devised a plan to bring single British women to Canada and train them in the art of farming. Unfortunately, the program was cancelled due to the outbreak of the First World War. She also wrote two books in which she advocated not only for female farmers, but for all western farmers afflicted by unfair financing practices.

Binnie-Clark, Pickford and Arden were entrepreneurs by choice and activists by necessity. With improved conditions for women in business, is activism a thing of the past?

Not by any means, but there are different reasons for this. Some entrepreneurial activists are so massively successful (think Oprah Winfrey or Jane Fonda) that they can afford to be as troublesome as they wish. Others may start off with less, but find their desire to upset the social apple cart is shared by many other willing partners. An example is Kathryn Finney, creator of digitalundivided (DID), which supports the success of tech start-ups led by African-American and Latina women.

Across the world, others are still fighting for basic gains; like their forebears, they can’t afford not to be activists. Sarah Abu Alia, a concert promoter in Jordan, embraces the role heartily. Of the work climate in her home country she says: “As a woman, you have to fight for everything here, which is a great preparation for being an entrepreneur.” The women of yesterday would no doubt agree.

 

Publisher’s Note: Micah White, author of The End of Protest, writes, “The lack of protest is perilous for society.” And he might be right. In a time where even innovative protest efforts like Occupy failed to create change, and in a year where presidential hopefuls like Donald Trump can take sexism and racism to a whole new level and still garner a massive following, it may, just may, be a sign to women* everywhere that we too need to examine our toolkit and ask ourselves if our current atomistic, individual “role modeling” and “don’t rock the boat” efforts to advance equality and inclusion are also no longer effective. Perhaps we need new, bolder tools to drive social change. And as entrepreneurs, perhaps we need to start seeing ourselves as social activists and drivers of social change, not just drivers of our economy.

*Defined in gender-expansive terms.