Daily BulletinDaily Bulletin

Business News

  • Written by Senator Cash


The Coalition Government will help support women pursue careers in the science, technology, engineering and mathematics (STEM) industries, research sector, start-ups and entrepreneurial firms by investing $13 million over five years.

Minister for Women, Senator the Hon Michaelia Cash said the investment will support greater participation of girls and women in what are predominantly male-dominated fields.

“We need a concerted, national effort to overcome the cultural and organisational factors that discourage girls and women from studying STEM and which subsequently limits their career opportunities,” Minister Cash said.

“We will help address this challenge by encouraging greater gender equity in STEM organisations and STEM-based industries.”

“This will be an important element of broader efforts by the Government to boost women’s workforce participation and strengthen their economic security.”

A study conducted by The Centre for Entrepreneurship found that female business owners in the technology sector took home twice as much pay as men.

The research also shows women-led private technology companies are more capital-efficient and achieve a 35% higher return on investment than companies that are led by men.

“Female leaders in the technology sector have experienced high success rates to date, but there is still much room for improvement,” Minister Cash said. 

Across all business areas, entrepreneurship is on the rise in Australia, evidenced by the number of business owners growing by 1.4% across the past 12 months.

In particular, the volume of business owners in the Professional, Scientific and Technical Services experienced a 2.9% change in the year to February 2015, part of a 22.5% change over the preceding 10 year period. 

These statistics indicate a high level of potential growth for women in STEM fields following the government funding set to commence in the coming year.

Projects to be implemented will:

·         Support the expansion of the Science in Australia Gender Equity pilot to cover more Australian science and research institutions;

·         Establish a new initiative under the ‘Male Champions of Change’ project to focus on STEM-based and entrepreneurial industries;  and

·         Partner with the private sector on initiatives to celebrate female STEM role models and foster interest in STEM among girls and women.

Low-paid, young women: the grim truth about who this recession is hitting hardest

arrow_forward

Vale Ennio Morricone: a master composer with breathtaking musical range

arrow_forward

SEO In A Time of COVID-19: A Life-Saver

The coronavirus pandemic has brought about a lot of uncertainty for everyone across the world. It has had one of the most devastating impacts on the day-to-day lives of many including business o...

a Guest Writer - avatar a Guest Writer

5 Ways Risk Management Software Can Help Your Business

No business is averse to risks. Nobody can predict the future or even plan what direction a business is going to take with 100% accuracy. For this reason, to avoid issues or minimise risks, some for...

News Company - avatar News Company

5 Ways To Deal With Unemployment and Get Back Into the Workforce

Being unemployed has a number of challenges and they’re not all financial. It can affect you psychologically and sometimes it can be difficult to dig your way out of a rut when you don’t have a job ...

News Company - avatar News Company

How To Create The Best Custom Wine Label

The Wine Industry consists of a number of brands that people like to choose for themselves or to gift wine bottles to their friends. But choosing the right brand becomes difficult due to the var...

News Company - avatar News Company

Why you need to hire a professional office cleaning company

People tend to be more productive in a clean office than in a dirty and cluttered office. Considering that most workers spend about 40 hours in their office every week, it makes sense to keep the ...

News Company - avatar News Company

Revolutionising your office: Why give your workspace a makeover?

Every business owner is looking for how they can take their company to the next level. Whether it is offering professional development to their staff, making an exciting new investment or findin...

News Company - avatar News Company


The Conversation
INTERWEBS DIGITAL AGENCY

Politics

Prime Minister Interview with Ben Fordham, 2GB

FORDHAM: Thank you very much for talking to us. I know it's a difficult day for all of those Qantas workers. Look, they want to know in the short term, are you going to extend JobKeeper?   PRI...

Scott Morrison - avatar Scott Morrison

Prime Minister Scott Morrison interview with Neil Mitchell

NEIL MITCHELL: Prime minister, good morning.    PRIME MINISTER: Good morning, how are you?   MICHELL: I’m okay, a bit to get to I apologise, we haven't spoken for a while and I want to get t...

Scott Morrison - avatar Scott Morrison

Prime Minister Interview with Ben Fordham

PRIME MINISTER: I've always found that this issue on funerals has been the hardest decision that was taken and the most heartbreaking and of all the letters and, you know, there's been over 100...

Scott Morrison - avatar Scott Morrison



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion