GEC 2016 IMPACT REPORT
GEC 2016 SESSIONS + CONTENT
Entrepreneurship leaders form 160 countries kick off the GEC with the GEN Annual Meeting.
The organizations that power the Global Entrepreneurship Network in 160 countries gather for their annual meeting each year at the GEC. It is a chance to examine new programs emerging as part of the network, identify opportunities for collaboration, review the successes of the previous Global Entrepreneurship Week campaign and set the agenda for the year ahead.
THE GLOBAL ENTREPRENEURSHIP NETWORK VISION AND STRATEGY
Jonathan Ortmans, GEN
THE GEN PLANETS AND GLOBAL VERTICALS IN 2016: CELEBRATE
GLOBAL ENTREPRENEURSHIP WEEK
Emcee: Buke Cuhadar, GEN
THE GEN PLANETS AND GLOBAL VERTICALS IN 2016: UNDERSTAND
GLOBAL ENTREPRENEURSHIP RESEARCH NETWORK
Emcee: Peter Komives, GEN
Emcee: Cristina Fernandez, GEN
GLOBAL ENTREPRENEURSHIP INDEX
Zoltan Acs, The GEDI Institute
THE GEN PLANETS AND GLOBAL VERTICALS IN 2016: SUPPORT
GLOBAL BUSINESS ANGELS NETWORK
Emcee: Alana Ramo, GEN
Henrik Scheel, Startup Experience
GLOBAL ENTERPRISE REGISTRATION
Ann Low, U.S. Department of State
Steven A. Rodriguez, GEN
THE GEN PLANETS & GLOBAL VERTICALS IN 2016: COMPETE
Steven A. Rodriguez, GEN
GEN STARTUP COMPETITIONS
GEN STARTERS CLUB & GEN MENTORS
Steven A. Rodriguez, GEN
THE GEN PLANETS & GLOBAL VERTICALS IN 2016: CONNECT
Emcee: Mark Marich, GEN
Genesis Lodise, GEN
Genesis Lodise, GEN
STARTUP NATIONS SUMMIT
Eoin Costello, Startup Ireland
GEN COUNTRY FORMATION: TIPS & SUCCESS STORIES
Jonathan Ortmans, GEN
Buke Cuhadar, GEN
Peter Komives, GEN
GEN COUNTRY TIPS & SUCCESS STORIES
Moderator: Jonathan Ortmans, GEN
- Fatiha Rachedi, GEN Algeria
- Freddy Nurski, GEN Belgium
- Ayla Matalon, GEN Israel
- Kizito Okechukwu, GEN South Africa
- Olesea Fortuna, GEN Moldova
GEN members and partners gathered together to celebrate the best and brightest policy innovations, research initiatives and Global Entrepreneurship Week campaigns.
GEN Country Champion:
Finalists: Algeria, Ireland, Greenland, Italy, Kenya, Moldova, Namibia, Norway, Poland, South Africa, South Korea
Country of the Year:
Finalists: Russia, Ecuador, Philippines, Sweden, Bolivia, Jordan, Israel, China, South Korea
Brand & Community Champions
Finalists: Cambodia, Canada, El Salvador, Mexico, Netherlands, Pakistan, Russia, Turkey, United Kingdom
Rookie of the Year
Finalists: Ivory Coast, Mauritania, Myanmar, Niger, Qatar, Syria
Champion Catalyzers – Most GEW Partners
Finalists (in order): Algeria, Germany, United States, Poland
Champion Catalyzers – Most GEW Partners Per Capita
Finalists (in order): Curaçao, Poland, Gabon, Bermuda
Champion Catalyzers – Most GEW Events
Finalists (in order): United Kingdom, United States, Brazil, Poland
Champion Catalyzers – Most GEW Events Per Capita
Finalists: Barbados, Mauritius, Algeria, St. Lucia
Most Promising Startup
Finalists: Disease Diagnostic Group (USA), Hop!App (India), Novalact (Chile), Pricelizer (Sweden), SALt (Philippines)
Ministers who join our entrepreneurs to scale economies by improving productivity and fostering innovation to improve the quality of life.
For the second year, the GEC featured a Ministerial session, organized in collaboration with the U.S. Small Business Administration. Officials from 13 countries from Europe, Central America, South America and the Asia-Pacific region, spent a full day exchanging knowledge on emerging government practices with a focus on supporting startups through the growth cycle. This year’s dialogue was focused on four key pillars: creating jobs, building international collaboration, facilitating trade and promoting gender equity.
SBA Administrator Maria Contreras-Sweet led the Ministerial (see her opening remarks here) which was opened by Cecilia Correa Alvarez, Minister of Industry, Trade and Tourism of Colombia, who began the meeting saying that peace will generate opportunities for young people, entrepreneurs and SMEs -- and how the government of President Juan Manuel Santos had been strengthened with the creation of Innpulsa and increased activities undertaken by SENA.
The current challenges of SMEs in each of the participating countries was the subject of the first working session. In her speech, the representative of OECD mentioned some of the challenges and difficulties of SMEs globally, including the slowdown and reduction in the creation of new companies, the largest output gap between large and small companies, and concluding that better policies must be implemented to help SMEs -- as they are clusters of innovation for the future. Another intervention of note was the representative of Poland, who brought up an interesting discussion that is taking place in her country as the government stopped supporting large enterprises towards promoting SMEs and designed new programs that large companies cooperate with small. Overall, the financial gap between SMEs and large companies over-reliance on banks and loans and difficulties in accessing funding were identified as major challenges.
Meanwhile the representative of Colombia said that in the country the greatest barrier to accessing finance is informality, which is in his words is a "poverty trap" because if entrepreneurs cannot access credit, they cannot grow in this regard, the importance of second-tier banks mentioned as the first-tier banks are not interested in freely lending to entrepreneurs.
The theme of the second session was innovation policies; issues such as the digital society, electronic residences, financial inclusion, incentives, and the need for access to SMEs today were discussed in terms of their loans, and the search for other forms of financing through the creation of value chains.
The third session focused on women entrepreneurs, and how many venture capitalists are now watching female entrepreneurs and their ventures. The session also included a discussion on female entrepreneurs in the United States as models for others, and how to support women in starting and scaling their businesses and ideas.
The fourth session addressed the issue of internationalization of SMEs: how to benefit from regional integration agreements, alliances, and how to create value chains at a regional and global level. Among the ministers there was consensus on the value of the enterprise as a positive force to lift people out of poverty.
Finally, it was concluded that SMEs and SME policies are a critical aspect for development. They should create public policies, tools and methodologies to foster a good entrepreneurial ecosystem to identify gaps to make better decisions. The commitment to include a chapter of SMEs in trade agreements and interest to continue and increase exports among countries was made clear.
Taking a look at the future of wireless cities, global innovation, what's next in connecting people, starting a business and succeeding, scaling a business and a case study "nature in a bottle."
What are the possibilities in the field of knowledge among Colombian entrepreneurs? In this activity some relevant experiences were observed.
"Efforts to map ecosystems holistically at local, national and even global levels, are a critical first step, as entrepreneurs, investors, policy makers, and professionals, among others, need better data to guide their actions."
Methodologies Used to Map Ecosystems
Speaker: Arnobio Morelix
Angel investors are not philanthropists, since your search is return on investment.
In "What's Next in Financing the Innovative Economy," session leaders discussed angel investments and the dedication of private investors to provide risk capital to innovative new ventures. John May, author of Angels Without Borders, discussed three fundamental factors of investing: viable ideas, active investors and strong leadership.
This panel also featured the participation of different speakers representing various forms of angel investing, to help entrepreneurs seeking capital investment.
Those participating in the session included representatives from Palestine, Belgium, Canada, Colombia and Catalonia, where the discussion revolved around the profiles, motivations and the nature of organizations that bring together angel investors in these areas. Sergio Zuniga of Bavaria Foundation invited entrepreneurs to participate in seed programs, which receives proposals from those who have a business idea.
Early stage financing is a key component of a startup’s success. The Global Business Angels Network (GBAN) presented a comprehensive session on the globalization of angel investing and key trends for the future. The session focused on the global early stage investment ecosystem and will included key case studies of specific measures currently being used to provide support for startup access to early stage finance, recent research to further understand business angel investment, and the process of encouraging cross-border investing.
El documental cuenta, en esencia, la ruta del emprendimiento que ha seguido Medellín para ser reconocida mundialmente en esta materia.
"We live in a society that does not create opportunities where we can share knowledge."
During 2015, venture investment in Africa was 220 million in 55 countries.
What are the challenges of startups that are leading emerging practices in the agricultural sector and what are they doing to succeed? Through the program-competition, startup teams discussed their value.
Future Agro Challenge (FAC) is the largest global competition that discovers innovative fundable food, agtech, and agriculture ventures from various corners of the globe addressing national, regional and global challenges. FAC provides key tools and opportunities to help them grow their business and expand them into new markets. FAC is working to make a difference on a global level by increasing interaction among agro innovators, entrepreneurs and stakeholders, by addressing national policies and challenges. The 2016 Future Agro Challenge winner was VACuCh, an anibacterial milk liner that mitigates Bovine Mastitis and reduces the amount of bacteria in milk.
Get in the Ring is a showcase of talented entrepreneurs from around the world -- who battle for dominance and the title of world champion.
How should you think as an entrepreneur?
GERN is carrying out joint projects seeking to assess the effectiveness and measure the positive impact of entrepreneurship programs, in turn share and validate research methodologies that are being carried out.
Mapping Connections Between Ecosystems
Business Culture and Education
Can you imagine a world with a billion entrepreneurs? Alfonso Prada, General Director of SENA, exposes us to his vision.
"Entrepreneurship is possible with accompaniment," said Prada. His proposal of extending the training of entrepreneurs is based on clear objectives: close gaps to attack poverty, create universal opportunities and, above all, create hope for development.
Entrepreneurship in Latin America increasingly requires the presence of active governments to become co-creators and help link economic development with social development.
"Governments must understand how the world works now and take the fast pace of things," Chris Schroeder, Startup Rising.
"No need to make financial projections, but able to explain the future dynamics of the business," Camilo Botero, CEO of Veronorte.
What is the future of Empretec? What are the key points that make an entrepreneur successful? Are there common factors among successful entrepreneurs? That's what the Empretec Summit at the GEC explored.
Entrepreneurship is now thought of as a hot topic worldwide. However, it is an issue that is of great importance in developing economies because new businesses and jobs are starting to develop.
"Why is it difficult to get a partner to support a good idea?" In the Grand Challenge Investment, several Colombian entrepreneurs will have time to tear down this scenario, and incidentally take a trip with all expenses paid to LAB4 +, the event was led by the Pacific Alliance which this year will take place in Peru.
Build trust among stakeholders of an ecosystem of entrepreneurship is vital to strengthen and integral growth.
EO Accelerator takes a group of new entrepreneurs through the steps of forming their startup.
Connect investors, raise awareness and develop networks are the primary objectives of GBAN.
Thank you to Medellín and its inspiring entrepreneurs for hosting the 2016 Global Entrepreneurship Congress, and giving us a taste of Medellín's entrepreneurial spirit.
During the last day of the Global Entrepreneurship Congress, the international delegation met at Télemedellín, the city's public television station, for a look at entrepreneurs and startups from the city and surrounding areas on Antioquia, as well as a variety of GEN working sessions.
From delicious food and excellent coffee, to fine leather wear and technology companies, the entrepreneurs at Télemedellín showcased a selection of the bright talent and entrepreneurial spirit in the city. Entrepreneurship support programs, like ANDI Colombia, Creame, Parque E, Endeavor Colombia, and others also attended to explain to international delegates what Medellín and Colombia are doing to encourage new firm formation.
GEN working sessions were led by GEN staff members, and covered a variety of topics, including website tutorials, a social media question and answer session, best practices for fundraising and a GEN country information session.