Reports from the 2020 Mastercard Index of Women Entrepreneurs, “With an ambition to double the number of female entrepreneurs within 2 years, Israel has rolled out targeted initiatives,”
Israel emerged the best country for women entrepreneurs in the world.
The Jewish state was ranked first in the 2020 Mastercard Index of Women Entrepreneurs (MIWE), a rise from fourth place the previous year –United With Israel
Interestingly, the United States, came in second this year, followed by Switzerland, New Zealand, Poland, the UK, Canada, Sweden, Australia and Spain.
It should be noted that this is the first time with such a huge ranking “largely driven by a focused institutional support” for small and medium-sized enterprises (SMEs), according to the MIWE report.
According to the report, “With an ambition to double the number of female entrepreneurs within 2 years, Israel has rolled out targeted initiatives focused on funding and advancing networking opportunities. This has seen its Support for SMEs ranking jump from 42nd place in 2019, to 1st just 1 year later.”
It also pointed out that data showed Israeli women “to be slightly more driven than men, by 2.3 percent on average, to pursue business opportunities to improve independence, economic self-reliance as well as to generate income.”
The MIWE report draws on information sources from various academic institutions, including ILO, GEM, World Bank, UNESCO, World Economic Forum, InterParliamentary Union and the OECD. It examines the working environments of 58 economies, representing almost 80 percent of the world’s female labor force, and ranks each economy base on its performance over the past year.
The system involves an analysis across 12 indicators and 25 sub-indicators, including Advancement Outcomes, Knowledge Assets and Financial Access and Supporting Entrepreneurial Conditions.