Summary
“The Climate Capital Network’s (CCN) first annual India Climate Finance Report explores the direction of climate finance in India, uncovers funding opportunities and gaps, and showcases organisations that are using innovative approaches. This report consolidates survey findings, interviews, and articles from leading climate finance organisations allocating in India. The universe of funders in India has grown significantly to encompass everyone from the Climate Committed (core mandate and/ or deploying in these sectors for a number of years) to the Climate Crossover (newly part of the mandate and starting to actively deploy/ refine thesis) to the Climate Curious (will opportunistically deploy, but no specific mandate at this point). We reached out to funders who are actively and strategically looking at climate right now. The focus of this report is on the data as a way to provide context and background, but equally importantly on the insights and areas of emergence.”
Summary
“Entrepreneurship To the Point (eTTP) conducted research in South Africa on accelerating women-owned businesses in male-dominated sectors. To better understand the key barriers to entry and growth that women-owned businesses face in male-dominated sectors, they conducted surveys of 97 women and interviews with 17 women entrepreneurs in the male-dominated sectors in South Africa. The key findings of this report are 1) women’s participation in male-dominated sectors has increased, 2) the increase is driven by women entrepreneurs’ passion, 3) but they still face multitudes of challenges in entering the sector and growing their businesses, 4) while the government has pushed for some policy frameworks to support women-owned businesses, 5) women entrepreneurs need both men and women mentors, and 6) there is more need for sector-focused accelerator/incubator programs”
Summary
“Entrepreneurship is a fundamental element for innovation dynamics, employment generation as well as productivity generation and economic growth (van Praag & Versloot, 2007). However, women are less likely to start a business (Parker, 2009). Albeit this trend has been slowly changing in recent years (GEM, 2021), female founders seem to be losing out, particularly in the high-growth venture. Brazil, Chile, Colombia, and Mexico have some of the most dynamic entrepreneurial activities in the world. However, particularly in Brazil and Chile, the rate of early-stage entrepreneurship is significantly lower for females than for males (GEM, 2021). The fact that the gap in entrepreneurship is visible not only in general but especially among ambitious and high-growth start-ups is worrisome. This report presents a diagnosis of the gender finance gap for start-ups that applied to accelerators, that is, start-ups that operate mostly in the technology sector and have high-growth ambitions. The finding of this report matters to female founders trying to grow their venture, investors who might miss out on more efficient investment opportunities by overlooking female-led ventures, and policy makers who steer macroeconomic policy decisions.”
Summary
“In recent decades, the number of female entrepreneurs has grown substantially, particularly in low and middle-income countries. However, the characteristics and performance of female-led ventures differ significantly from those of ventures led by men. A potential reason for this is the lack of clearly defined venture goals, including the profit margin that ventures target. We study the relationship between gender and target margins using a large dataset of ventures located in Latin America and the Caribbean and Sub-Saharan Africa. We find that ventures led only by women are almost five percentage points less likely than male-led ventures to establish target margins, even after controlling for observable venture and founder characteristics. In addition, ventures with only female founders tend to set lower target margins than those with only male founders. These results suggest that policymakers, accelerators, and incubators, can play a major role in supporting female entrepreneurs as they grow their businesses by encouraging women to set clear and realistic target margins to be more successful at raising funds for their ventures.”
Resumen
“Ventajas y desventajas al emprender en México es un estudio aborda como ciertas características físicas o socioeconómicas de las personas que emprenden, impactan en el éxito o fracaso de un emprendimiento en México.
Se trata del primer estudio en su tipo que considera factores como el tono de piel, lugar de origen, nivel de escolaridad y nivel socioeconómico y cual es su influencia en el acceso a oportunidades para emprender.
A través de un encuesta digital se recaudó información de más de 1,000 emprendedores, de todos los estados del país, a fin de evaluar las ventajas y desventajas que han experimentado personas quienes han fundado y son dueñas de micro, pequeñas y medianas empresas (PyMES) formalizados y no formalizados, con un periodo de vida de hasta 5 años.”
Sommaire
“Les entrepreneurs doivent être prêts à mesurer et à communiquer leur contribution à l’atténuation du changement climatique, à l’adaptation et à la résilience aux principales parties prenantes. Cependant, il n’existe actuellement aucune normalisation de la communication de l’impact climatique dans le secteur des petites entreprises, ce qui laisse aux entrepreneurs la charge de développer une entreprise prospère et de mettre en œuvre les bons outils pour mesurer l’impact climatique. La Climate Collective Foundation et l’Aspen Network for Development Entrepreneurs (ANDE) ont publié ce guide pour fournir aux PECs, aux investisseurs d’impact et aux OSEs une liste synthétique d’outils et de modèles disponibles pour la mesure de l’impact climatique, ainsi que des conseils sur la manière de sélectionner les ressources les mieux adaptées en fonction de leur stade, de leur secteur et de leur région géographique.”
Resumo
“Empreendedores precisam estar preparados para medir e comunicar aos principais stakeholders, suas contribuições para a mitigação, adaptação e resiliência às mudanças climáticas. No entanto, atualmente não há padronização dos relatórios de impacto climático no setor de pequenas empresas, deixando o ônus de crescer um negócio bem-sucedido e implementar as ferramentas certas para medir o impacto climático para os empreendedores. A Climate Collective Foundation e a Aspen Network for Development Entrepreneurs (ANDE) publicaram este guia para fornecer a SGBs, investidores de impacto e ESOs uma lista consolidada de ferramentas e frameworks disponíveis para medição de impacto climático, com orientações sobre como selecionar os recursos mais adequados com base em seu estágio, indústria e região geográfica.”
Resumo
“Empreendedores precisam estar preparados para medir e comunicar aos principais stakeholders, suas contribuições para a mitigação, adaptação e resiliência às mudanças climáticas. No entanto, atualmente não há padronização dos relatórios de impacto climático no setor de pequenas empresas, deixando o ônus de crescer um negócio bem-sucedido e implementar as ferramentas certas para medir o impacto climático para os empreendedores. A Climate Collective Foundation e a Aspen Network for Development Entrepreneurs (ANDE) publicaram este guia para fornecer a SGBs, investidores de impacto e ESOs uma lista consolidada de ferramentas e frameworks disponíveis para medição de impacto climático, com orientações sobre como selecionar os recursos mais adequados com base em seu estágio, indústria e região geográfica.”
Resumo
“Este Guia foi desenvolvido para investidores de impacto e investidores movidos por uma missão (“Investidores”) que operam em mercados emergentes para fornecer caminhos concretos e práticos para investir com lentes de gênero. A adoção de estratégias de Investimento com Lentes de Gênero entre investidores em mercados emergentes, por sua vez, aumenta a quantidade de capital empregado em negócios liderados por mulheres e inclusivos de gênero. Especificamente, este Guia oferece caminhos para profissionais de investimento e sócios de responsabilidade limitada e ilimitada em empresas de Venture Capital (VC) e Private Equity (PE) de impacto e movidos por uma missão, que estão investindo em pequenas e médias empresas (PMEs). Outros atores que também podem achar o Guia útil são demais sócios, gestores de ativos, fundações, family offices e instituições financeiras de desenvolvimento (DFI) que estão fornecendo capital para PMEs em mercados emergentes (consulte a Figura 1: Para quem é este Guia?). Embora os exemplos e os dados de investidores apresentados no Guia tenham origem nos parceiros da Investing in Women e nos países de enfoque, as lições aprendidas aplicam-se amplamente a investidores que operam em mercados emergentes.
Não existe um caminho único ou linear para investir com uma lente de gênero, e não existe uma abordagem única para atender às neces- sidades e teses de todo investidor. Com isso em mente, o Guia descreve diversas opções para investir com lentes de gênero. Sabemos que o investimento com lentes de gênero não é um cenário de “tudo ou nada.” Existem várias maneiras de integrar práticas progressivas, incluindo maneiras que não consomem muitos recursos. Este Guia descreve os pontos de entrada para investidores em qualquer ponto de suas jornadas de investimento com lentes de gênero e fornece inúmeras opções para ações decisivas que podem ser tomadas em qualquer estágio do processo de investimento. Não existe um ponto de partida prescrito único. Investidores podem personalizar suas abordagens para começar e/ou aprofundar seu envolvimento. O Guia baseia-se em – e contribui para – um corpo de conhecimento em rápido crescimento compartilhado nas áreas de investimento e desenvolvimento com lentes de gênero, e destina-se a estimular a ação e o aprendizado. Reconhecendo que novos recursos estão surgindo continuamente, este Guia investiga o “como” do investimento com lentes de gênero e foi elaborado para complementar o trabalho de nossos parceiros e colegas citados ao longo deste documento.”
Synopsis
“This Guide was developed for impact and mission-driven investors (“Investors”) operating in emerging markets to provide concrete, practical pathways for investing with a gender lens. The adoption of Gender Lens Investing strategies amongst investors in emerging markets in turn increases the amount of capital deployed towards women-led and gender inclusive businesses. Specifically, this Guide offers pathways for investment professionals, limited partners (LPs) and general partners (GPs) at impact and mission-driven Venture Capital (VC) and Private Equity (PE) firms that are investing in small and medium-sized enterprises (SMEs). Other actors that may also find the Guide useful are limited partners (LPs), asset managers, foundations, family offices and development finance institutions (DFI) that are providing capital to SMEs in emerging markets (Please see Figure 1: Who is this Guide for?). While the investor examples and data presented in the Guide originate from Investing in Women partners and countries of focus, the lessons learned apply broadly to investors operating in emerging markets.
There is no singular or linear path to investing with a gender lens, and there is no single ‘one-size-fits-all’ approach to meet the needs and theses of all investors. With that in mind, the Guide outlines various options for investing with a gender lens. We know that gender lens investing is not an “all-or-nothing” scenario. There are multiple ways to integrate progressive practices, including ways that are not resource-intensive. This Guide outlines entry points for investors at any point in their gender lens investing journey and provides various options for decisive actions that can be taken at any stage of the investment process.
There is no single prescribed starting point. Investors can customize their approach to getting started and/or to deepen their involvement. The Guide builds on – and contributes to – a rapidly growing body of knowledge shared within the fields of gender lens investing and development, and is intended to spur action and learning. Recognizing that new resources are continually emerging, this Guide delves into the “how” of gender lens investing and is designed to complement the work of our partners and colleagues cited throughout this paper.”