Enterprise IT major Dell announced findings of the 2016 Women Entrepreneur Cities Index (WE Cities).
Delhi, the capital of India, is part of WE Cities. Indian cities such as Mumbai, Bangalore, Hyderabad, Chennai, Kochi and Pune are not part of the top 25 city index for business women.
WE Cities index looks at a city’s ability to attract and foster growth in firms founded by women entrepreneurs. Dell announced the WE Cities at the White House’s Global Entrepreneurship Summit in the US.
Karen Quintos, senior vice president and chief marketing officer at Dell, said: “Our index provides insights to move the conversation with policymakers and city leaders from awareness to action and, in turn, to empower women entrepreneurs to have the greatest economic impact on the world.”
Elizabeth Gore, entrepreneur-in-residence for Dell, said: “It’s time for women to be politically engaged to ensure the right ecosystems are in place for them to scale.”
New York City ranks No. 1 overall among the 25 cities for its ability to attract and support HPWE with a top-ranked Operating Environment and an Enabling Environment ranked No. 5. While New York City ranks No. 1 for Markets and Capital, it is No. 2 in Culture and No. 4 in Talent. It tops the list for its performance in Policy Enabling Market Access and is No. 2 for the Frequency & Value of Funding to businesses with women entrepreneurs.
The Bay Area (consisting of the San Francisco and San Jose metro areas) ranks No. 2 overall, ranking No. 2 for Operating Environment and No. 6 for Enabling Environment. It ranks No. 1 for Talent and No. 2 for Capital &Markets, with a No. 1 rank for Access to Markets and the Frequency & Value of Funding to businesses founded and led by women.
London ranks No. 3 overall, performing second for Access to Markets, third for the Operating Environment and Capital.
Stockholm and Singapore round out the top five in the overall ranking. Stockholm is No. 1 for the Enabling Environment foundational pillar ranking No. 1 for Technology and No. 9 for Culture.
Singapore performs in the top third of the 25 cities ranked for Talent, Culture and Technology, said Dell.