TORONTO, Sept. 25, 2019 /CNW/ - The Scotiabank Women
Initiative™ today announced its commitment to allocate $3 billion in funding to women-led business in
Canada over its first three years.
The investment was announced at its fourth Un-Mentorship Boot Camp
for women entrepreneurs held today in Toronto.
"We are committed to strengthening equality for women-led
businesses and that includes providing equal access to capital and
to our full suite of financing solutions," said Gillian Riley, President and CEO, Tangerine, and
executive sponsor of The Scotiabank Women Initiative™. "We use a
holistic and grassroots approach that provides tangible benefits to
help women grow and sustain their business. In addition to
providing access to capital, our program also offers mentorship
from Scotiabank executives on our Advisory Board and education
tailored to the needs of women entrepreneurs – both through an
online self-directed knowledge centre and in-person sessions."
Central to the program's education pillar are the Un-Mentorship
Boot Camps – a series of half-day sessions that help women increase
their business savvy by networking and exploring business
challenges together. Since the inaugural boot camp in May, more
than 600 women business leaders have participated in boot camps and
mini sessions across Canada and
participant feedback has been overwhelmingly positive. Three
boot camps were held earlier this year in Montreal, Vancouver, and Waterloo, with the final
session of 2019 hosted today in Toronto.
"Our boot camps help to 'un-teach' those traditionally-held
ideas about how women can succeed," said Riley. "They're a place
where women entrepreneurs come to learn about business-focused
issues and topics, hear about real business challenges women face,
and network and build skills to move their business forward."
"We, at Scotiabank, are focused on our clients' future success
and we aspire to be the lender of choice for women-led businesses
by 2021," she said.
In December 2018, The Scotiabank
Women Initiative™ was launched to help women take their business to
the next level through access to capital, support from senior
business leaders and education tailored to their needs.
For more information on The Scotiabank Women Initiative™, visit
scotiabankwomeninitiative.com.
About Scotiabank
Scotiabank is Canada's
international bank and a leading financial services provider in the
Americas. We are dedicated to helping our more than 25 million
customers become better off through a broad range of advice,
products and services, including personal and commercial banking,
wealth management and private banking, corporate and investment
banking, and capital markets. With a team of more than 100,000
employees and assets of over $1
trillion (as at July 31,
2019), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank