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In my final post of 2013, I summarize my top of mind developments in the world’s entrepreneurship data chest. Next year will herald a new era in evidence-based programming and policymaking as practitioners and policymakers alike—now committed to new firm formation—demand better data and analysis around what entrepreneurship promotion efforts are working and what is hype.
I know few of you plan to comb through entrepreneurship data and analysis over the holidays but the following summary might be helpful to all of us as we embark upon a renewed effort in 2014 to fill the gaps in what we can tell those who are eager to help founders start and scale new firms. This list is by no means comprehensive but rather what was most visible to me as a global observer and commentator. Please let me know what I missed.
Welcome to Global Entrepreneurship Week. Throughout this week, I will be reporting in from entrepreneurship policy events around the world. Global Entrepreneurship Week is engaging more than four million participants in 887 countries exploring new venture creation as a career path through mentoring activities, business plan competitions, networking events and other fun activities. It offers an extraordinary demonstration to policymakers that there is a new wave of entrepreneurialism before us and if we want to build economies and make jobs, they must quickly create the most favorable environment possible.
The Kauffman Foundation now offers “e-Law,” an online community and tool devoted to expanding legal entrepreneurship curriculum and education. The eLaw website is made up of two sections. The public section contains current information for lawyers, CPAs, engineers, scientists, and the general public regarding legal...
I have just returned from a brief last minute visit to Algiers where I spoke at a conference focused on the Maghreb countries: Morocco, Algeria, Tunisia, Libya, and Mauritania. The objectives of the Maghreb Entrepreneurship Conference, a follow-on to President Obama’s Presidential Summit on Entrepreneurship held in April 2010 in Washington, DC was to discuss strategies to promote job creation through entrepreneurship.
Given the momentum gained in 2010 to get policymakers thinking about entrepreneurship, it is reasonable to expect that America’s commitment to entrepreneurship will grow, especially once we see that commitment translated into concrete policy action. Of course, the hope is that those policy actions will be the right ones—inspiring confidence, building up decision-making around risk-taking and investing, spurring new enterprises built on innovative products and services, and along with it, job creation. With that sense of optimism, comes the vision of a global economy finally starting to shake free from a global crisis.
Last week, I argued in favor more high-skilled immigration to bring additional entrepreneurial talent into the country for the near future. Today, I want to focus on an urgent policy issue that needs to be addressed to produce results over the long-run. Improvements in education are essential to equipping American citizens with entrepreneurial skills. Creative thinking and prudent risk-taking are no different than any other skills people are born with; they are likely to be useless unless the skill is developed through education and experience.
Last Friday, I had the opportunity to join an extraordinary group of women entrepreneurs mostly from Saudi Arabia for a lunch at the home of the Honorable Esther Coopersmith. All were both proud of their higher education in Saudi Arabia and had started companies in a wide range of businesses from construction to IT. I should not have been surprised. Starting a business in Saudi Arabia is relatively easy. Its “ease of starting a business” rank is 13 out of 183 economies, according the World Bank’s Doing Business 2010 data. This is not surprising. Saudi Arabia is widely recognized as a leader in promoting and enabling entrepreneurship and innovation.
Turkey offers quite a sophisticated platform for entrepreneurs. It has a diversified industrial base, a relatively stable political and economic environment, a critical mass of willing early adopters, a considerable talent pool, a strong domestic market and underserved neighboring markets. Yet, currently only 6 out of 100 people are entrepreneurs – a very low rate given the country’s level of development. What challenges does Turkey need to address in order to unleash entrepreneurship as a force for economic growth?
It is an important week for entrepreneurship in the Middle East. Here in Dubai, two important global summits will be convened by His Excellency, Sheikh Nahayan Mabarak Al Nahayan, United Arab Emirates Minister of Higher Education and Scientific Research, and Carl Schramm, President of the Kauffman Foundation: The HCT Global Entrepreneurship 2010 Conference (E2010) and the Kauffman Foundation’s Global Entrepreneurship Congress which I will emcee.
It is an important week for entrepreneurship in the Middle East. Here in Dubai, two important global summits will be convened by His Excellency, Sheikh Nahayan Mabarak Al Nahayan, United Arab Emirates Minister of Higher Education and Scientific Research, and Carl Schramm, President of the...
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