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At the Global Entrepreneurial Summit (GES) in Dubai last week, it was clear to me that there is a new level of engagement in developing more entrepreneurial economies at the highest levels of government in the Middle East and North Africa (MENA) region. The summit, a collaboration between the U.A.E. Prime Minister’s office and the Obama Administration, was an effort to leverage U.S. strengths in high growth entrepreneurship. Now that the summit is over, we take a look at the challenges before policymakers in the region in making the path easier for even more nascent entrepreneurs to succeed in the future.
If you are familiar with this blog, you know we often discuss the progress or obstacles in various entrepreneurship ecosystems. We have also discussed the paucity of data around the world to best inform decision makers keen to smooth the path for their aspiring entrepreneurs. Current thinking suggests that startup communities need to be led by entrepreneurs and today we take note of a new global survey of entrepreneurs. Released earlier this month, the Global Entrepreneurship Week Policy Survey, which was designed to shed light on key questions for policy discussions on high-growth entrepreneurship from the perspective of entrepreneurs themselves.
you look in the media these days you see alleged signs of impending economic
doom—from the ‘financial cliff’ threatening to punish United States
policymakers if they can’t reach agreement soon to the Eurozone crisis with the
Greek economy on the edge of collapse. Certainly all very troubling, but it is
only one side of the coin. For the past 10 days, I have seen the other side—a
side full of hope and promise thanks to a burgeoning movement to embrace
Today marks the official opening of Global Entrepreneurship Week, now celebrated in 131 countries. Throughout this week, roughly 25,000 partner organizations will be actively engaged in holding 35,000 events, activities and competitions--engaging more than 7 million participants and equipping them with the skills and connections to take the next step in their entrepreneurial journey. But GEW is more than just a celebration, it is attracting new talent to the field and supplementing grassroots startup energy with top down endorsements that legitimize entrepreneurship.
Tomorrow, roughly 100 million Americans will cast their vote for one of two men who have stressed the importance of entrepreneurs and of course, small business to the country—and claimed to be the best candidate to empower them. Meanwhile, one week from today, policymakers, researchers and millions of nascent entrepreneurs in 130 countries will be taking matters into their own hands through a collection of 40,000 events, activities and competitions during Global Entrepreneurship Week.
Argentina has been in the news lately for its expropriation of a Spanish oil company and other strong regulatory interference, such as price and import controls. With this image reflected in the media, we decided to check back on activity that Argentine entrepreneurs and the organizations that support them are carrying out to sustain and promote entrepreneurship.
I recently returned from Brazil, the world’s sixth largest economy, where President Dilma Rousseff, a former Marxist revolutionary, is using pro-growth incentives such as lower interest rates, proposed tax cuts and infrastructure investment to fuel her nation’s quest for sustained economic growth and help more Brazilians stand on their own two feet. That Rio will host the Global Entrepreneurship Congress in March 2013 is obviously important for Brazilians. It might be more important for the rest of world.
From an outsider perspective, Belgium has a very diverse economy with dozens of influences coming together at its prime location in the heart of the EU. Being the home to several major European universities, and a mix of service-based economy in the north and industrial-based in the south, Belgium has a diverse market structure that keeps it competitive and one of the highest income per capita economies in the world. However, when it comes to entrepreneurship, Belgium is not thriving.
As elections approach and there is a lot of debate on which is the best road to a robust economy with more jobs, policymakers should take time to listen to the message of the just-released Kaufman Foundation videos on the benefits of high-skilled immigration. With Washington being unwilling to separate the obviously different issues of high-skilled immigration and how to handle illegal immigrants, a net job gain strategy remains hostage to politics as usual in the nation’s capitol.
While the startup genome in Silicon Valley is always mutating, some formulas are becoming basic tenets in the science of startups. A critical mass of email about my use of the word “iterative” in my blogs prompts me to revisit one such startup fundamental—the so called “Lean Startup” formula.
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