As the role of entrepreneurship in economic development is becoming ever more critical, there is increased interest in studying different demographic groups including women. However, such studies mainly focused on the Western hemisphere, by and large ignore developing regions of the world. With a combined population of around 300 million, Iran, Pakistan, and Turkey – members of the Economic Cooperation Organization (ECO) — who share borders and have marked similarities in numerous cultural, religious, and traditional values. Women’s entrepreneurship can be a valuable tool for these countries promoting gender equality and empowering women, helping to achieve the UN’s third millennium development goal target. This paper is intended to address such objectives with the aim that increased knowledge on the nature of women entrepreneurs might help to derive new government policies for the economic and human development in developing countries.