Women entrepreneurs are on the rise, leading startups that innovate across tech, wellness, education, social impact sectors and more. According to female entrepreneurship statistics at the Global Entrepreneurship Monitor, women’s startup activity rates rose from an average of 6.1% between 2001 and 2005 to 10.4% from 2021 to 2023.
Wells Fargo’s 2024 Impact of Women-Owned Businesses report indicates that the number of women-owned businesses increased at almost double the rate of their male counterparts between 2019 and 2023.
The impact of female founders goes beyond statistics. Empowering women in business creates more diverse teams with varied experiences and perspectives, ultimately resulting in better outcomes. Let’s we’ll dive into why women entrepreneurs are on the rise, highlight success stories and examine existing barriers.