BDC is rethinking entrepreneurship: instead of building companies from scratch, its new $50 million Thrive Fund backs women to buy profitable firms and step in as CEOs. The model, called entrepreneurship through acquisition, targets mid-sized companies earning $1M–$5M annually—many run by retiring owners.
$40M will go to direct investments in women-led acquisitions; $10M will flow through private equity funds committed to female CEOs. Today, only 19% of SMEs are women-owned. “There’s a huge opportunity to rebalance equity,” said Sévrine Labelle of BDC.
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