With more women than men in the U.S. earning PhDs in the biological sciences and estimates that around 15 percent of the U.S. GNP over the next two decades will be comprised of life science activities, it is no surprise that women's entrepreneurship has attracted so much attention recently in both the developed and developing countries. And in many other countries, women's entrepreneurship is even more important as a separate track for cultural reasons.
This attention to women's participation in entrepreneurial activities, and in high-growth ventures in particular, is not just a reaction to a future trend. Current data show, for example, that America's female scientists are not commercializing their technologies. In fact, male academic scientists in the life sciences secure patents at more than twice the rate of their female colleagues. Other data suggest that women-owned firms in the U.S. are smaller and less growth-oriented than men-owned firms. In the UK, only a quarter of all entrepreneurs are female, and women represent just 7% of all science, engineering and technology entrepreneurs.
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Author:Jonathan Ortmans
