The background to the collaboration that is now being initiated between the university and UNCDF is the studies conducted by Malin Malmström, professor of entrepreneurship and innovation, which show that female entrepreneurs are often treated more negatively than men when applying for investment funds.
A wake-up call
“Malin Malmström's work to document and quantify the impacts of gender bias on female entrepreneurs is a wake-up call to all of us, especially those in decision-making seats who don’t believe gender plays any role at all in their decisions”, says Birgitta Bergvall - Kåreborn.
Within the framework of the agreement, UNCDF will assist Malin Malmström in further research by analyzing investment companies' internal investment committee documents, and collecting complementary data to develop an innovative technical solution that can help investors identify gender bias in the internal investment process and thereby minimize the risk for discrimination. UNCDF will also assist in spreading the solution to as many asset owners as possible. The collaborative project also includes Harvard University.
“This is cutting-edge work, and we hope it will make a direct and pragmatic difference to female entrepreneurs around the world”, says Preeti Sinha.
The signing ceremony will begin at 14.00 in the presence of Rebecca Hallin, First Secretary of the Permanent Mission of Sweden to the United Nations. The signing can be followed at Zoom
UNCDF contributes to achieving the Millennium Development Goals - the UN's global agenda to combat poverty, hunger, disease, illiteracy and discrimination against women - by funding projects and providing microcredit to the world's least developed countries.