Ranked the city with the most female entrepreneur-focused culture in the world, Toronto will celebrate the impact of its female entrepreneurs next week at an event aimed at the local tech community.

The inaugural Moving the Dial event, part of the Women’s Founder’s Night Series, will spotlight successful women entrepreneurs and examine how women can be equally represented in Canadian tech.

The 2016 Dell Women Entrepreneur Cities Index that saw Toronto take the top spot as the city with the most female entrepreneur-focused culture was based on a number of criteria, including the prevalence of relevant mentors, networks and role models, and the existence of policies that enable women to achieve business success.

Today, women are occupying more leadership roles in technology. In early 2016, over 32 per cent of tech startups in Ontario had women founders, up from 26 per cent the previous year, according to a survey by MaRS Data Catalyst.

Despite these gains, women still face unequal barriers. The Moving the Dial event will feature a panel of accomplished women founders and investors addressing these challenges, including the fact that women-led businesses receive only 4 per cent of venture capital funding, according to Toronto-based SheEO.

Over 400 people are expected to attend the sold-out event, with representation from top Canadian startups and venture capital funds, and over 100 female founders. The event will take place at MaRS Discovery District on Monday, January 16 starting at 6:00 p.m.