Monday, June 10, 2019

Press Release: Parliamentary Secretary Andy Fillmore Announces Federal Investment In The Banff Television Festival Foundation To Empower Women Entrepreneurs










Yesterday, June 9 was the day the Banff World Media Festival started and this included a welcome video from the Prime Minister, Justin Trudeau.
Here is the video below:


Prime Minister Justin Trudeau Welcomes Delegates to 2019 Banff World Media Festival(click here)

Press Release:
June 9, 2019 – Banff, Alberta - The Government of Canada is advancing women’s economic empowerment with the first ever Women Entrepreneurship Strategy, a $2-billion investment that seeks to double the number of women-owned businesses by 2025. 


Andy Fillmore
Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and  Multiculturalism and Member of Parliament for Halifax, on behalf of the Honourable Mary Ng,  Minister of Small Business and Export Promotion, announced an investment of nearly $2 million in  the Banff Television Festival Foundation to deliver the Banff Accelerator for Women in the  Business of Media. 

This investment will help empower and train women entrepreneurs to build, launch and grow their own business within the screen-based industries. It is expected to result in 200 women connected with networking, investment matchmaking, and mentorship opportunities. It will focus on advancing gender equality in the media sector, bolstering the economic success of visible minorities,  Indigenous women, women with disabilities and LGBTQ women. 




The Women Entrepreneurship Strategy complements the Government of Canada’s efforts to advance gender equality, which include addressing pay equity, providing more affordable childcare and putting an end to gender-based violence. 


The Honourable Mary Ng
 “Our government believes that women’s economic empowerment is not just the right thing to do,  it’s good for the bottom line. That’s why we launched the Women Entrepreneurship Strategy, a  strategy that seeks to double the number of women-owned businesses by increasing their access to financing, networks, and advice. It’s a smart investment with an economic and social return.”  – The Honourable Mary Ng, Minister of Small Business and Export Promotion. 


“If we want Canada’s economy to run on all cylinders, everyone must have the opportunity to succeed. Our government’s Women Entrepreneurship Strategy will help businesswomen reach  their highest potential and provide their full contribution to our economy by supporting them with  the tools they need to grow their businesses and create jobs.” – The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development. 


“Canadian women entrepreneurs and business leaders, including many in Banff, make incredible contributions to our economy and community every day. I’m proud to be a part of a Liberal government that takes women’s economic empowerment seriously. From tackling pay equity to  modernizing parental leave, this government is taking action on gender equality because when  women succeed, we all succeed.”  – Andy Fillmore, Parliamentary Secretary to the Minister of Canadian Heritage and  Multiculturalism and Member of Parliament for Halifax.   "

 This program will address a systemic gap in our industry, providing hundreds of women with high-level business training, essential international connections and access to potential capital investment. Our mandate is to make a meaningful impact within the Canadian media industry  leading to the launch and growth of significantly more women-owned and women-led businesses  that are competitive on the world stage."  – Jenn Kuzmyk, Executive Director, Banff World Media Festival.

 Quick facts: 

● The Women Entrepreneurship Strategy complements the Government of Canada’s efforts to advance gender equality, which include addressing pay equity, providing more affordable childcare and putting an end to gender-based violence. 

● The Women Entrepreneurship Strategy (WES) will help women start and grow their businesses by improving access to financing, talent, networks and expertise through an investment of nearly $2 billion. 

● The strategy will help our government achieve its goal of doubling the number of majority women-owned businesses by 2025. 

● As a part of Budget 2018, the Women Entrepreneurship Fund was allocated $20 million.  Following a call for applications, held in fall 2018 and which resulted in over 3,000  applications received, over 200 projects were funded. The Government of Canada is pleased to be able to support approximately 100 more projects by investing an additional $10  million in the Women Entrepreneurship Fund, to provide a total of $30 million to women-owned and led businesses across Canada to grow their businesses and reach new markets. 

● WES programs complement our government’s broader initiatives to advance gender equality. These initiatives include measures on pay equity, more flexible parental leave and more affordable childcare. 

● Advancing gender equality has the potential to add $150 billion in incremental GDP to the  Canadian economy by 2026. 

● Just 16% of SMEs in Canada are majority women-owned. 

● Only 11.2% of majority women-owned SMEs export, compared to 12.2% of majority male-owned SMEs. 

● The Global Entrepreneurship Monitor Canada 2015/16 Report on Women’s  Entrepreneurship indicated that in 2016 Canada had the highest percentage of women participating in an early-stage activity (13.3%) and the fifth highest in terms of female ownership of established businesses among comparable innovation-based economies. 

● Final funding is subject to the negotiation of contribution agreements. 



Associated links: 

Innovation and Skills Plan 

Canadian Trade Commissioner Service 

CanExport 

Accelerated Growth Service 

Industrial Research Assistance Program 

Innovative Solutions Canada 

Venture Capital Catalyst Initiative 

Women Entrepreneurship Strategy 

Canada-European Union Comprehensive Economic and Trade Agreement 

Comprehensive and Progressive Agreement for Trans-Pacific Partnership 

Canada-United States-Mexico Agreement   



Contacts: 

Simon Ross 
Press Secretary 
Office of the Minister of Canadian Heritage and Multiculturalism 
819-639-1869 
simon.ross@canada.ca   

 Media Relations 

Innovation, Science and Economic Development Canada 
343-291-1777 

ic.mediarelations-mediasrelations.ic@canada.ca   



Follow Innovation, Science and Economic Development Canada on Twitter: ​@ISED_CA 

Follow @CanadaBusiness on social media for business-related news: ​Twitter​, ​Facebook

All words written here are from the press release that I was sent, except words before the Prime Minister's speech.
Thank you
Anthony Nadeau

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