Women entrepreneurship initiative in Aotearoa to receive NZ$2.5m

Summary

  • Initiatives to help woman entrepreneurs marks the positive paradigm shift
  • Women in entrepreneurship will make for a stronger tomorrow for the world
  • Small business owners need to be supported in order to help deal with COVID-related losses

After the COVID-19 crisis has rendered several people across the country and the world jobless, the pressure seems to have mounted on finding ways and means to make an honest living. In a recent development, there has been a sum of NZ$2.5m donated towards funding a center, that is under the jurisdiction of the university to help foster women in business and entrepreneurship.

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Known as the Aotearoa center for Enterprising Women as the initiative is named, shall run under the support of the University of Auckland Business School. There are soon going to be  efforts started to find a suitable, representative head for this organization from within the business school.

Practical knowledge to be focused upon

Besides the learning through academic measures, Gattung is of the view that this center should also impart practical knowledge which will come in handy to women in real time situations in their businesses. Everything from launching a business, being able to read balance sheets, understand and access venture capitals and everything in between is what the organization aims at teaching the women.

Though the sum of NZ$2.5m has been offered by Gattung for a period of 10 years, she is of the view that if progress is witnessed I the initiative she will increase the amount. Gattung is further of the belief that the need of the hour is to deal with the gender disparity witnessed in the business world and make situations favourable for more and more women to do business in New Zealand.

Also read: How Women Healthcare Workers and Scientists Took Up the Covid-19 Challenge

Read now: Small Business Stagnancy in NZ A cause Of Concern

Small businesses that have suffered severely at the hands of the pandemic can be revived full swing when people are educated enough to run and sustain them and the whole idea of the creation of this organization is to help women find that education.

While the first entrepreneurial course from the organization will be made available in the beginning of 2022, the founders plan to move the horizon above commerce degrees and provide a full rounded curriculum that includes various vocationally focused coursed to help women become strong entrepreneurs in the future.

Read now: First Maori Governor General An Inspiration for Women

In another part of the world, General Motors together with the National Business league have teamed up with WELL or the Women’s Entrepreneurship Leadership Lab for helping the advancement of Black women in the field of small business ownership. Situated in Atlanta Georgia, this initiative believes that support needs to be rendered to the least supported group in terms of equal opportunity so that they can grow to the best of their potential.

Also read: Is gender pay gap a reason for women to not own properties?


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