Characteristics, types, and advantages of joining a business incubator.
Women entrepreneurs: Empowering female entrepreneurship
Breaking barriers in the business world
What is female entrepreneurship?
Female entrepreneurship is defined as entrepreneurial and business activity led by women. In other words, it refers to the creation, development, and management of companies by women, usually as founders or owners.
The female entrepreneurship rate has grown significantly in recent years, and not only in Spain, but all around the world. However, the percentage of women who decide to become entrepreneurs is still lower than in the case of men. Among other aspects, women who choose to start their own business still have to face numerous barriers such as the lack of role models to draw inspiration from, less access to funding, and the cultural and social stereotypes that make it more difficult.
Therefore, striving for parity —equal opportunities for men and women— in the field of entrepreneurship is fundamental. To this end, efforts and progress are constantly being made to address this inequality and promote businesses led by women. After all, gender diversity in business leadership translates into a boost for innovation, job creation, and economic growth.
Characteristics of women entrepreneurs
Every entrepreneur is unique, and so are their businesses. Nonetheless, there are a number of traits shared by women who decide to pursue self-employment:
Discover our initiative aimed at promoting gender equality, making the scientific work of women visible, and developing an interest in STEM.
Examples of female entrepreneurship in Spain
When we think of women who are considered true role model entrepreneurs, it's only normal that figures like Coco Chanel, Oprah Winfrey, Estée Lauder, or Helena Rubinstein, among others, come to mind. However, in Spain there are increasingly more business initiatives led by women in a wide range of sectors. At the forefront of some of the most successful women-run businesses in Spain are:
At Repsol, we know how important the role of women is in business. In fact, 30% of the leadership positions in our company are held by women. Furthermore, the Repsol Foundation collaborates every year with SECOT to hold the SECOT Excellence Awards, which include the Women Entrepreneurs category.
In the previous SECOT Excellence Awards, the second prize in the Women Entrepreneurs category went to Nerea Mendinueta, Nadia de la Fuente, and Nicole Flamarique for their "The Good Goal" app, which challenges users to be more sustainable and reduce the impact of their actions in a simple and motivating way. The first prize went to Diana Montesinos and her company Rulls, a natural, vegan and made-in-Spain cosmetics brand for curly hair.
Although there's still much work to be done, more and more people and organizations are recognizing the importance of gender diversity in entrepreneurship and are taking steps to promote equal opportunities when it comes to launching new business projects.