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Jonathan Ortmans

Erdogan's Play

During the “Presidential Summit on Entrepreneurship” hosted by President Barack Obama in Washington, DC, in April 2010, it became clear that the seeds of entrepreneurship as an economic development policy and diplomatic tool had been planted. Today, I send in a quick report from the Second Global Summit on Entrepreneurship in Istanbul which has brought together approximately 1200 successful entrepreneurs and leaders from Turkey and across the world for idea sharing under the general theme of “Entrepreneurship, Values and Development: A Global Agenda”. Turkey’s Prime Minister Recep Tayyip Erdoğan hosted the event and US Vice President Joe Biden spoke yesterday.

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Posted by: Jonathan Ortmans

on December 05, 2011

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Canada on the Rise

According to a recent index released by Forbes, many policy changes have made Canada the best country for business. The index evaluates countries on property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Canada jumped three spots from the 2010 survey, getting high marks for Personal Freedom (#1), Red Tape (#3), Investor Protection (#5) and Trade Freedom (#7). It also had a noticeable improvement in its tax ranking—thanks largely to a “Harmonized Sales Tax” and reduced corporate and employee tax rates. Is this resulting in a better climate for Startups?

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Posted by: Jonathan Ortmans

on November 28, 2011

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Category:  Global 

Powered by the Millennial Generation

The world economy has disappointed this year with its jobless recovery and continuing financial instability. Clearly, the country needs more entrepreneurs. A recent poll in the U.S. shows that those ages 18-34--the so-called “Millennial Generation”--are that entrepreneurial bunch. Fifty-four percent of “millennials” either want to start a business or already have started one. And judging by last week’s vibrant Global Entrepreneurship Week, this seems to be a global phenomenon and one driven by people who want to do good and do well.

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Posted by: Jonathan Ortmans

on November 21, 2011

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Category:  Global 

Global Entrepreneurship Week Movement Blasts Off in 123 Countries

Today is another historic day for startups and our economies. It is the opening day of the fourth Global Entrepreneurship Week, the world’s largest celebration of the innovators who launch startups that bring ideas to life, drive economic growth, and expand human welfare. In three short years, Global Entrepreneurship Week has expanded to more than 120 countries and this week organizers are expecting nearly 11 million people to show up at over 40,000 planned events and activities.

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Posted by: Jonathan Ortmans

on November 14, 2011

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Category:  Global 

Washington DC's Huge Celebration of Startups for Global Entrepreneurship Week

Regardless of whether American policymakers can ever fix domestic policy to boost entrepreneurship—as in making a Startup Visa happen or removing other barriers that slow the birth of new high growth firms—the nation’s capital will be alive with startup fever next week (November 14 – 18) as Global Entrepreneurship Week takes center stage around the world.

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Posted by: Jonathan Ortmans

on November 07, 2011

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Category:  Capitol Hill  Global 

The 'Global' in Global Entrepreneurship Week

In two weeks, Global Entrepreneurship Week kicks off with more than 40,000 events spread out over a seven day period in 123 countries. At competitions like Startup Open for the most promising new startups in 60 countries, to tournaments for cleantech ideas, at stadiums where entrepreneurship will meet music and sports, from heads of state to high school competitions, Global Entrepreneurship Week has become a movement for the next generation of startups and entrepreneurs inspired by the possibility of human endeavor for the benefit of all.

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Posted by: Jonathan Ortmans

on October 31, 2011

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Malaysia's Progress with Startups

Malaysia transformed itself from a producer of raw materials in the 1970s into an upper-middle income country with a multi-sector economy by the late 1990s. The 1997 crisis significantly challenged this technology-exporting country, but it has since successfully sparked two main sources of economic resilience—foreign investment and new firm creation. To my surprise, Malaysian entrepreneurs I spoke with recently gave a great deal of credit to, of all actors on the stage, their government. Did government really do something right?

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Posted by: Jonathan Ortmans

on October 24, 2011

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Saudi Spirit Serious About Startups

The Saudi Arabian Monetary Agency (SAMA) recently released data indicating that domestic credit to the private sector in Saudi Arabia recorded one of their highest growth rates since the global fiscal crisis. That the Gulf Kingdom’s twelve (12) commercial banks are easing credit curbs is good news for entrepreneurship promoters in the country and leaders in the Kingdom seem ready to provide the fuel to ignite a new wave of startups.

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Posted by: Jonathan Ortmans

on October 17, 2011

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Serbia's Faith in its Young Entrepreneurs

Like so many nations that have recently gone through major restructuring over the past 10 years, Serbia is looking to its young entrepreneurial minds to shape a new nation as it marches toward economic recovery. However, while Serbia has embarked upon several structural reforms—especially in the banking sector and in employment regulations—it has yet to successfully tackle corruption, bureaucracy and a weak judicial system. These are holding back its economic potential.

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Posted by: Jonathan Ortmans

on October 10, 2011

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Learning from Startup Ecosystems

It is true that governments cannot be ignored by entrepreneurs—they set the rules and incentives. But it should not be surprising that vibrant entrepreneurs typically show, at best, nonchalance toward government. Most government agencies across the globe remain inefficient and cumbersome—especially when you compare even a well-funded government program to a collection of bootstrapping startups.

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Posted by: Jonathan Ortmans

on October 03, 2011

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