Business
THIS WEEK IN ENTERPRENEURSHIP POLICY + RESEARCH
By - 26 Jan 2024 09:11 PM
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Welcome to ‘The Startup State’ - a weekly bulletin from the GEN Policy and Research team highlighting key entrepreneurship news, reports, commentary and features from around the world. The GEN Atlas is the world’s largest entrepreneurship policy compendium, featuring over 350 case studies from 70 countries. Our latest entry to be updated examines Germany’s Better Regulation Program - a wide-reaching initiative to reduce red tape, simplify regulations, and improve the overall quality of policymaking. Read the Atlas entryThe UNDP, the presidents of Rwanda and Ghana, and Nigeria’s digital economy minister Bosun Tijani used Davos to launch ‘Timbuktoo’, an ambitious pan-African development initiative with the aim to mobilize $1bn capital to create 10 million jobs and transform 100 million lives. It will include legislative reform, derisking investment, and ‘university innovation pods’, among other efforts to strengthen African entrepreneurship ecosystems (UNDP). Saudi Arabia has boosted its Aramco Ventures unit by $4bn, more than doubling the state oil company’s overall venture capital funds (Aramco).The United Kingdom’s technology secretary Michelle Donelan has announced a government “scaleup policy sprint” with the aim of matching US levels of VC investment as a share of GDP by 2030 - which would mean an additional £5bn ($6.3bn) per year into British startups (Sifted | Speech transcript).Nigeria’s minister of women affairs and social affairs Uju Kenedy-Ohaneye has launched a new unit in the SME Development Agency of Nigeria dedicated to supporting women and youth entrepreneurship (Blueprint) Publications and analysis This World Bank report examines ten years of data behind a public-private matching grant program to answer the question of whether public funding can help startups innovate and subsequently improve their performance. This Tony Blair Institute for Global Change report sets out how the UK can reset its historically aid-focused African engagement approach to embrace emerging economic opportunities and achieve mutual prosperity and cooperation. This World Economic Forum and Schwab Foundation Global Alliance for Social Entrepreneurship report is the first, comprehensive global dataset to estimate the size and scope of social enterprise worldwide. It finds 10 million social enterprises globally, with $2 trillion annual revenue and 200 million jobs.This World Economic Forum report introduces a multidimensional framework to assess the quality of growth across 107 countries globally. It characterizes nations’ economic growth across four dimensions: innovativeness; inclusiveness; sustainability; and resilience. This World Economic Forum and Cambridge Centre for Alternative Finance report reveals new data on the rapidly evolving fintech ecosystem and the opportunities fintech activities are offering traditionally underserved consumers and businesses. |
