Singapore is ranked third in Asia Pacific to nurture women entrepreneurs’ growth. It is reported that the programs launched by Singapore between 2017 and 2019 outpaced others programs conducted in various cities around the world.

The report, 2019 Women Entrepreneur Cities Index ranked Singapore the third city in the Asia-Pacific to foster women entrepreneurs’ growth. The Republic was ranked behind Sydney and Melbourne. Among the 50 cities which were studied around the world, Singapore was ranked 21st in 2019 as compared to eighth in 2017. 

San Francisco was ranked the first in the list leaving New York city down to second place for making greater strides in proving more capital and mentors to women entrepreneurs.

The Dell study, 2019 Women Entrepreneur Cities Index was conducted in partnership with HIS Markit. The study ranked the 50 participating cities based on five pillars, capital, technology, talent, and markets. The overall rating scale included 71 indicators, out of which 45 were gender based component.

The study which was carried by Dell, a technology company reported that Singapore’s greatest strength is talent and technology. However, access to capital and a supportive market were its greatest weakness.

The report noted that Singapore has a robust and well defined internet infrastructure, allowing female entrepreneurs to remain connected on-the-go ad ensuring fluid business operations. Singapore’s talent pillar, over the years has strengthened from the top schools and business schools ranging. It also increased its pool of professionals needed to help scale businesses.

He report highlights, in the capital pillar, the city ranked 25th as Singapore saw less crowdfunding and fewer female founders. In terms of market pillar, the ranking got impacted due to lack of feale board members and accelerators. 

The report also highlighted concerns over gender parity pay. It also noted that despitethe fact Singaporean men entering the workplace two years later than women due to national services, they are then accelerated past women at the mid senior level while women begin to leave the workplace or take up less burdensome roles to turn their attention to their home.