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As the King of Saudi Arabia met in the U.S. with President Barack Obama on June 29th, the National U.S.-Arab Chamber of Commerce (NUSACC) released its first newsletter dedicated to entrepreneurship in Saudi Arabia. The news suggests that the country is gradually gaining a supportive...
With nearly all net job growth in our country coming from companies less than five years old, Congress has debated this year what the role of government should be in developing programs and interventions that support entrepreneurship. While the World Bank’s Doing Business project reported a record number of new pro-entrepreneurship legal and regulatory reforms around the world in 2009, governments and multi-national institutions continue to be tempted to develop entrepreneurship development programs.
Following up on chatter following my blog last week discussing the need
for caution around the quality of interventions that seek to provide
technical support to entrepreneurs, I will continue the conversation
thread this week with a post discussing another innovative
entrepreneurial support program - iStart, which happens to open for
The Chilean economy has been recognized as the most competitive of
Latin America. In general, Chile has been characterized by political and
economic stability and relatively low levels of corruption and offers one of
the most advanced physical infrastructure systems in the region. The potential
and proven track record of this economy has led to Chile’s recent
accession to the OECD as its 31st member and its first member in South
America. Not surprisingly, Chile is often a case study in economic development.
The question is whether its model will show the power of entrepreneurship as an
engine for prosperity?
Access to funding is often mentioned in meetings about how to enable high impact entrepreneurship. We are always reminded that bank lending to small businesses remains tight. Even loans subsidized by the Small Business Administration have dropped off in recent months. Venture capital was prominent historically for its role in financially catalyzing high-growth companies, but has over the years become less significant in spurring entrepreneurship. So what are angel investors up to this summer?
Like many developing countries, Bolivia has a nascent, but promising
entrepreneurial environment. The country has a good number of
institutions that offer financial and technical services that network
the country’s millions of micro-entrepreneurs. However, as readers of
this blog are well aware, data has confirmed time and again that it is
young firms that grow that provide the most benefits to society in terms
of job and wealth creation and innovation. Thus, the challenge ahead
for Bolivia is to enable more growth entrepreneurs.
In the 90s, Argentina became Latin America’s Internet center, which was a
good sign of an entrepreneurial spirit among its people. Endeavor,
the United States nonprofit that helps foster high impact
entrepreneurship, had its first success in the developing world in
Argentina just before the country’s last major financial collapse. Given
Argentina’s turbulent economic history, I thought I would take a quick
look at the role of entrepreneurs over the past 10 years since
Argentina’s Internet startup boom.
The China we knew as the enormous economy largely fueled by cheap labor and inexpensive manufacturing has changed. Though happening slowly compared to its potential, China is becoming one of the most innovative economies on the planet and the birthplace of entrepreneurs like Robin Li, CEO of Baidu, who are entrepreneurial rock stars at home and around the world. Entrepreneurial capitalism seems to be taking hold in China. How is entrepreneurship overcoming the roadblocks of a planned economy?
I have just returned today from a short visit to South Korea where I addressed an international conference and met with various universities both in Seoul and Daejeon Valley – described to me by locals as Korea’s Silicon Valley.
Visitors arriving at Seoul’s acclaimed airport can only be impressed by its sophisticated application of technology into everyday lives. The train I rode from Seoul to Daejoen cruised at 300 Kilometers per hour, every taxi in Seoul was clean and paid for with a back seat touchpad card reader and the urban planning seemed super smart with local government being placed in beautiful floating structures on the river and national government being moved altogether out of Seoul.
Last week I participated in an interesting gathering in Washington, DC of top medical and policy experts who issued a new health care manifesto that might be of interest to entrepreneurs in the space. Hosted by the Council for American Medical Innovation, FasterCures and the Kauffman Foundation, the 2010 Translational Medicine Alliance Forum (TMAF) brought together leaders from academia, government agencies, and pharmaceutical, biotechnology, and venture industries to discuss models to enable and accelerate the progress of translational medicine.
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