Wednesday, September 15, 2004

The New Mothers of Invention! Phenomenal article!

In Businessweek

What a spectacular article! I am so excited that I'll just mention a couple of highlights quickly:

• J.E. Bedi researched female innovators for the Lemelson Center at The Smithsonian Institution, and what she found is summarized in her eye-opening paper, Exploring the History of Women Inventors. According to Bedi, during the 20th century, women patented an ice-cream freezer, a transmitter for torpedoes, a feeding device for amputees, and Kevlar, which is used in bullet proof vests. Can our children name any of these women? Are their contributions taught in schools?

• Today, women have their names on approximately 10% of all patents -- a tenfold increase over 1910 (when less than 1% of all patents were by women). Despite this increase, the gender gap in entrepreneurship continues to widen. In 2003, two men were involved in entrepreneurial activities for every woman, according to the research by Global Entrepreneurship Monitor (GEM).

• Despite this gender gap, entrepreneurial activity among women continues to grow. The number of women-owned businesses in the U.S. has increased by 14% in the last five years, according to the Center for Women's Business Research (CWBR). Today, nearly half of all privately held businesses in the U.S. are women-owned.

• Clearly, today's female business owners are a positive influence on future women entrepreneurs.

To read the entire article, visit: The New Mothers of Invention

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