Discover how investing in Canadian women-led companies can promote gender equality and drive economic growth.
Canada has been a hub of innovation and entrepreneurship for a long time, and women have been at the forefront of this movement. From tech startups to fashion brands, Canadian women have been breaking barriers and paving the way for others to follow in their footsteps.
Investing in women-led businesses is essential for Canada’s economy because it not only promotes gender equality but also drives economic growth. Women-led companies have been shown to outperform male-led companies in terms of revenue growth, profitability, and job creation.
Additionally, women-led businesses are more likely to employ other women and contribute to the overall diversification of the workforce. Furthermore, investing in women-led companies has a ripple effect on the economy, as these businesses tend to reinvest in their local communities and create a positive impact on society.
By supporting women-led businesses, Canada can unlock a vast potential for innovation and growth, and create a more prosperous and inclusive economy.
Here are 10 Canadian women-led companies to watch right now. These women-led companies are making a big impact in their respective industries and are changing the face of Canadian entrepreneurship. Keep an eye on them as they continue to grow and innovate.
1. Knix
Knix is a lingerie and swimwear brand that has been disrupting the fashion industry since its inception. Founder and CEO Joanna Griffiths has built a company that is focused on inclusivity and empowering women.
2. Vessi
Vessi is a footwear company that produces waterproof, breathable shoes. Co-founders Mikaella Pedros and Tony Yu have built a company that is focused on sustainability and ethical manufacturing practices.
3. Flax Sleep
Flax Sleep is a bedding and linen company that produces high-quality, ethically-made bedding. Founder Anna Heyd has built a company that is focused on sustainability and transparency.
4. Borrowell
Borrowell is a financial technology company that provides Canadians with free credit scores and personalized recommendations for financial products. Co-Founder & COO Eva Wong is changing the way Canadians manage their finances.
5. Evio Beauty
Evio is an impact-led beauty brand on a mission to build resilient communities with good-for-you beauty products. Founded by Brandi Leifso when she was 21 and living in a domestic violence shelter, today Evio Beauty has donated more than $510,000 worth of products and funding to 27+ shelters across North America that support survivors to thrive.
6. Nulink Events
Nulink is a Canadian event management company that specializes in event design and execution for innovative brands, agencies and individuals. Founded by Nicole Athanasopoulos, Nulink’s specialty is translating business goals, dreamy design and experiential innovation into moments that leave an impact.
7. VenturePark
Founded by Arlene Dickinson, one of Canada’s top business leaders and venture capitalists, Venturepark is a leading business growth ecosystem comprising of five communities led by business, capital, brand, innovation and CPG specialists.
8. Faulhaber Communication
Founded by CEO Christine Faulhaber and spearheaded by President and Partner Lexi Pathak, Faulhaber is a leading bilingual PR and digital marketing agency specializing in strategic PR, influencer marketing, events, and content production.
9. DivaCup
In 2003, Francine Chambers and her daughter, co-founder and CEO, Carinne Chambers-Saini, brought the DIVA™ Cup to the mass market. With the DIVA™ Cup, they introduced the world to safe, cost-effective, and eco-friendly period care.
10. Essentials by Temi
Essentials by Temi is a line of skincare essentials that’s free from cruelty and harsh chemicals, and enriched with the vitality of plants and the healing energy of reiki. Founded by Temi Shobowale, Essentials by Temi embodies luxury, sustainability, and wellness.
How Canada is Investing in Women-Led Companies
Canada is actively supporting women-led companies through various initiatives and programs.
For instance, the federal government launched the Women Entrepreneurship Strategy, which aims to help women-led businesses grow and thrive by providing them with access to funding, mentorship, and resources.
In 2018, Canada’s Business Development Bank (BDC) committed to investing $1.4 billion in women-led businesses over three years.
The government also established the Women Entrepreneurship Knowledge Hub, which provides research and resources to support women entrepreneurs. With these efforts, Canada is taking significant steps to support and empower women-led companies, contributing to a more inclusive and prosperous economy.
How You Can Support Canadian Women-Led Companies
You can support Canadian women-led companies by intentionally seeking out and purchasing products or services from such businesses.
Research and identify women-led businesses in your community, shop at women-owned stores, and support women-led brands online.
You can also help spread the word about women-led businesses by sharing your positive experiences and recommending them to friends and family.
By consciously choosing to support women-led businesses, you can play a significant role in promoting gender equality and driving economic growth.