Glass ceilings exist in old economy companies but the new economy was supposed to be different, opening up a new world of opportunities for women. Progress has been limited to date but Women Equity for Growth, the first European investment program specialized in the financial and operational support of women-led companies, is aiming to level the playing field. By Jennifer Schenker for Informilo.
Women Equity for Growth points to how specific public support and private initiatives in the U.S. and U.K. have aided gender balance in business leadership, with good results. Research predicts that in 2012, half of the U.S. wealth shall be in the hands of women and by 2020 half of the new British millionaires are expected to be women, with a majority owing their wealth to their entrepreneurial success.
The Paris-based group argues that new vehicles to help businesswomen should be extended to Europe in order to seize an untapped reserve for growth. […]
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