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Final Recommendations

2.    To policy makers – usually local and central authorities, and also EU-level bodies, engaged with policies towards female entrepreneurship and business digitalization:

“Reforms in digital infrastructure, regulatory and legislative changes, and support for women-owned businesses should be prioritized by policymakers in the emerging digital entrepreneurship ecosystem.”

Policy makers should back measures to end the disparate legal treatment of men and women, which prevents women from starting their own businesses. A simple strategy to assist and promote female entrepreneurs is to eliminate or alter the regulations and laws that result in gender inequities.

Likewise, legislation encouraging women to participate in the economy should be upheld, if necessary, strengthened, and improved over time. Along with this, policy makers should motivate governments to gradually eliminate discriminatory social attitudes and behaviors that undermine such initiatives. This could involve taking proactive steps specifically aimed at women to counteract the disadvantages brought on by current attitudes, practices, and structures, or even to end existing discrimination. Laws and social norms that are evolving can reinforce one another, with state or federal legal reforms frequently serving as a catalyst for broader social norm shifts over time.

The COVID-19 pandemic has expedited technological advancements, which have significantly changed how businesses run but also put women entrepreneurs at risk for new dangers. To this end, policy makers should support government initiatives aimed at creating and putting into place more powerful protection laws that safeguard women, particularly in relation to digitalization.

By expanding the range of available products and enhancing service speed, security, and transparency, digital transformation may also significantly help women business owners. In order to do this, advances in digital infrastructure can help women manage their businesses in the emerging digital entrepreneurship ecosystem.

At the national level, policymakers should implement specific measures to encourage female entrepreneurs' access to digital inclusion.

Other actions, in addition to the ones already mentioned, can include

• removing restrictions that prevent individual ownership of financial/transaction accounts, and

• boosting investments in digital technologies and other infrastructure that provide accessible means for women entrepreneurs

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Last change: 12/29/22.