UNCTAD created the Empretec Women in Business Award in 2008 as an acknowledgment of the great achievements of women entrepreneurs trained by the Empretec programme. The award, granted every two years, has made a real impact on the lives of past recipients. It has improved their access to further training, widened their markets and resources and boosted their motivation to continue growing their enterprises. It has also helped these women become role models in their communities. Recipients excelled in developing innovative business ideas, providing jobs, and increasing incomes in their communities.
At this celebration of remarkable women entrepreneurs, the Women in Business Award 2020 is dedicated to the theme of “Resilience” in the face of COVID-19 pandemic which had a strong negative impact on women entrepreneurs given their overrepresentation in sectors particularly affected by lockdowns, i.e. retail trade, hotels and restaurants and education, and existing structural inequalities including limited access to finance, technology, markets, networks and social protection and informality.
The WBA 2020 is expected to inspire the next generation of innovators and entrepreneurs to start resilient ventures that aim for positive social and environmental impact with inclusive, circular and sustainable business models. In recovering from the pandemic and the economic recession, the businesses that are run by the 2020 finalists will inspire the next generation of women entrepreneurs to move beyond financial returns and aim for positive social and environmental impacts.
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