Enterprise is a crucial engine of economic growth. Without enterprise and entrepreneurs, there would be little innovation, little productivity growth, and few new jobs.
Entrepreneurial success does not take place in a vacuum. Entrepreneurs exist in the context of a particular mix of attitudes, resources, and infrastructure. This is known as the entrepreneurship ‘ecosystem’.
The Global Entrepreneurship Index (GEI) is an annual index that measures the health of the entrepreneurship ecosystems in each of 137 countries. It then ranks the performance of these against each other. This provides a picture of how each country performs in both the domestic and international context.
GEI collects data on the entrepreneurial attitudes, abilities and aspirations of the local population and then weights these against the prevailing social and economic ‘infrastructure’ – this includes aspects such as broadband connectivity and the transport links to external markets. This process creates 14 ‘pillars’ which GEDI uses to measure the health of the regional ecosystem.
Participants of this practical session will learn how to interpret and leverage GEI index results to fine tune their efforts to develop the entrepreneuership ecosystem back home.