Billion Dollar Fund for Women, a global initiative that aims to increase investment in women-founded companies, has arrived in Canada to recruit local venture firms. The launch was announced by Lally Rementilla, the fund’s Canada lead and president of Quantius, a Toronto intellectual-property lender and one of the fund’s early supporters. Rementilla told PE Hub Canada that the fund is looking to spread awareness in Canada about the gender financing gap. It also offers a plan of action involving pledges by VC firms to invest a portion of their capital in tech startups created by female entrepreneurs. Established in 2018 at the annual meetings of the IMF/World Bank, Billion Dollar Fund asks for pledges from VC firms, typically ranging $1 million to $100 million, with the goal of reaching US$1 billion in all. The goal itself is nominal, as pledges essentially commit investors to deploying the amounts independently by financing…
New Early Breast Cancer Drug to Be Made Available in Singapore Via Special Access Program
A NEW breast cancer drug shown to significantly reduce the risk of cancer recurrence is being made available to women in Singapore from today via a Special Access Program. The drug, NERLYNX (neratinib) is an oral medication taken by women with HER2+ breast cancer who have completed adjuvant trastuzumab-based therapy. NERLYNX has been shown to significantly reduce the ongoing risk of recurrence in HER2+ early breast cancer patients.1 The greatest benefit was observed in women who were also hormone-receptor positive (HR+) and treated within 12 months following completion of trastuzumab-based adjuvant therapy. Their five-year risk of recurrence or death was reduced by 42%. In these patients, invasive disease-free survival (iDFS) was 90.8% in the patients treated with neratinib, compared with 85.7% in those receiving placebo (hazard ratio = 0.58; 95% CI: 0.41−0.82; p = 0.002). ST Asia Chief Executive Officer Mr. Carlo Montagner said a formal registration decision was not…
600,000 Saudi Women Join Workforce, Says Official
Efforts to empower Saudi women by absorbing them in the job market have been successful, according to a top official of the Ministry of Labor and Social Development. Nawal Abdullah Al-Thabian, assistant director general of the ministry’s branch in Makkah province, has said some 600,000 Saudi women have already joined the job market. The women workforce is not only productive but also creative despite the many obstacles and challenges that they experience, Al-Thabian said. Delivering a lecture at a conference titled “Empowerment of Saudi Women in Light of the Kingdom’s Vision 2030” at King Abdulaziz University, she said ministry had initiated 68 schemes to facilitate employment opportunities for women in the Kingdom. Many successful Saudi women participated in brainstorming sessions and panel discussions over two days of the conference, which was inaugurated by Prince Mishal Bin Majed, governor of Jeddah. Al-Thabian said Labor Ministry had been introducing exclusive programs to…
Bank of America Partners Non-Profit in Fund for Disadvantaged Women
A non-profit organisation has joined forces with Bank of America and the Department of Rural and Community development to introduce a €1.8 million fund to enhance the economic mobility of women. Social Innovation Fund Ireland, along with its two partners, established the fund to support charitable and social enterprise organisations that invest in groups providing training, upskilling, education and other services directly to disadvantaged women. Figures from the Central Statistics Office show female participation in the labour force is 14 per cent lower than men, despite the fact that women make up more than half of third-level graduates in Ireland. ‘We’re going back in time’: Brexit and the customs broker No-deal Brexit will push up popular food prices, Birds Eye chief warns UK clearing houses approved to continue EU business under no deal Brexit “Our aim is to support women who find it hard to access the labour market into…
Uganda Tag Curvy Women as Tourist Attractions
Uganda’s Ministry of Tourism has added curvy Ugandan women to its list of tourism products to attract foreigners. The State Minister for Tourism, Godfrey Kiwanda, on Tuesday launched a beauty pageant dubbed ‘Miss Curvy Uganda’ to pick women to promote tourism with the finalists to be selected in June. Mr. Kiwanda unveiled the initiative, part of the Tulambule (let’s explore) promotion, at Mestil Hotel in Kampala by waving a flag while women in sleek and tight-fitting clothing walked around the poolside taking pictures with the event organisers including the junior minister. “We have naturally endowed nice looking women that are amazing to look at. Why don’t we use these people as a strategy to promote our tourism industry?” Kiwanda posed, pointing at “a sample” of beautiful women. Tourism is Uganda’s top foreign exchange earner with the country earning $1.4 billion last year, according to government statistics. Most tourists visit national…
Olympus Partners with Bentley University’s Centre for Women and Business to Drive Diversity and Inclusion
Olympus Corporation of the Americas (OCA) announced today a new partnership with Bentley University’s Gloria Cordes Larson Center for Women and Business (CWB) to address issues affecting workplace diversity and inclusion (D&I) and to identify actionable solutions. As a member of the CWB Executive Working Group, Olympus will engage with topical experts and practitioners to explore policies, processes, and programs that drive real change. “Our participation in the CWB reflects Olympus’ continued commitment to developing a more diverse workforce and fostering a climate of inclusion,” said Nacho Abia, President and CEO, Olympus Corporation of the Americas. “Benchmarking with other CWB partner companies will help further these important goals.” Olympus has aligned its organizational mission, core values, goals, practices and objectives to support growth and development in D&I. Enhancements to the company’s benefits portfolio demonstrate this commitment. The Dave Thomas Foundation named Olympus among the 100 Best Adoption-Friendly Workplaces in the…
Zain Group Introduces Revolutionary HR Policy Embracing Working Mothers
Zain Group, a leading digital lifestyle provider in eight markets across the Middle East and Africa, has introduced one of the most progressive and innovative human resources policies in the region, providing female employees who become new mothers with four months of paid maternity leave, with a flexible schedule for returning to work. This restructured leave policy, which falls under the Human Resources Policy Transformation theme, will be rolled out as a group-wide initiative ensuring a unified approach to the program. The new policy soon follows the creation of a new senior position within the organization, namely Chief Inclusion and Diversity Officer, to drive Empowerment initiatives that define, enhance and continue to cultivate an equitable work environment within all Zain operations. The introduction of flexible working models has also been designed including six-hour work weeks for mothers with children up to four years old and an optional compressed working week enabling…