As part of our commitment to giving back, we had to define and decide what values we hold dear as a team and as individuals. Recognizing the historically high barrier to entry for women entrepreneurs, we agreed that supporting women-led ventures is something we all value. That is why we are proud to announce our involvement with SheEO, a non-profit organization.
What is SheEO?
SheEO offers women entrepreneurs access to funding, networks, and expertise to build upon their enterprise. Originating in Canada, SheEO now operates in the US, Australia, New Zealand, and the UK. With a mission to practice radical generosity and develop a sustainable future, SheEO provides an innovative model for supporting women-led enterprises.
SheEO’s model is simple but brilliant. The primary ways to get involved with SheEO are as Activators, Ventures, or both. Activators contribute $1,100/year or $92/month (CAD) to a Perpetual Fund. The money from this fund is loaned to women who join as Ventures. For Ventures to qualify for the loan, their business must generate revenue and address one or more of the United Nations Sustainable Development Goals.
The loan is interest-free and must be repaid to the Perpetual Fund after five years. SheEO creates an environment for success by providing the businesses that have received loans access to expertise and guidance from SheEO’s extensive network.
In Canada, the most significant barriers for women entering business ownership are financial and experiential. Women are less likely to seek and receive funding than men. Additionally, women are less likely to have been self-employed before entry into business ownership or have experience in the industry that their business operates.
SheEO directly addresses these barriers by providing funding and access to a network of women entrepreneurs’ knowledge and experience. Furthermore, SheEO works to build a more equitable and sustainable future by supporting Ventures whose enterprise addresses one of the Sustainable Development Goals.
How Will We Support SheEO?
Helium Scribe has joined SheEO as Activators.
We will contribute $92/month or $1,100/year to the Perpetual Fund and join SheEO’s network of industry experts. As we move forward and consider our impact, Helium Scribe remains committed to supporting socially and environmentally friendly models for the future.