A new report released today by Prodem and the Global Entrepreneurship Network (GEN) suggests the conditions that lead to entrepreneurial activity are on a positive upward trend as the world learns to live with COVID-19.

The latest edition of the Index of Dynamic Entrepreneurship, released for the fifth consecutive year during Global Entrepreneurship Week, examines 10 key indicators for entrepreneurship across 46 countries: entrepreneurs human capital, culture, education, social conditions, business structure, demand conditions, financing, policies and regulations, social capital and the contribution of companies and institutions in science, technology and innovation.

An analysis of these indicators, alongside those of the UN’s Sustainable Development Goals, also shows a significant correlation between SDGs, conditions for entrepreneurship and entrepreneurial activity.

“The more committed attention a country pays to the SDGs and the improvement of systemic conditions for dynamic entrepreneurship, the stronger the benefits for the population and its future development, especially in countries with nascent and unbalanced conditions for entrepreneurship,” said Hugo Kantis, director of Prodem. 

Key findings from the report include:  

• Netherlands surpassed the United States at the top of the rankings for the first time. Germany, Norway and Sweden round out the top five global ranking for dynamic entrepreneurship.
• The highest-ranking countries are those with high levels of social capital that allows for strong networks and co-operation.
• Two of three countries analyzed showed increases in demand conditions for entrepreneurship compared to the height of the pandemic.

• Nearly half of the countries analyzed showed increased levels of human capital and access to financing.
• One concern emerging, over half of the countries analyzed showed a five per cent or higher decline in favorable government policies and regulations for entrepreneurship.

“While many governments moved at previously-unseen speeds to launch support packages for businesses during the pandemic, the recovery and more recent global headwinds have distracted many governments from further pro-entrepreneurship reforms, which risks holding back entrepreneurial growth,” said Jonathan Ortmans, president of the Global Entrepreneurship Network.  

The report is available for download here: https://genglobal.org/research/ide and https://prodem.ungs.edu.ar/.

For more information, please contact:  
comunicacion.prodem@campus.ungs.edu.ar

Or

Kathryn Forrest
Global Entrepreneurship Network
kathryn@genglobal.org

About Prodem 

Prodem is a think tank and a do-tank on innovation and entrepreneurship ecosystems in Latin America. With 20 years of experience, Prodem stands out for generating and transferring world-class knowledge in coordination with the actual practice of real-life actors. Prodem conducts research, studies and measurements to get an insight into the status of ecosystems, providing technical assistance and training on entrepreneurship and innovation, both for scholars and professionals. Prodem gives priority to the development of networks and alliances, and works to support governments, international organizations and other institutions of the ecosystem in confronting challenges related to the design and assessment of dynamic entrepreneurship and innovation policies. For its role, Prodem received the 2016 Startup Nations Award for Groundbreaking Policy Thinking granted by the Global Entrepreneurship Network. For more information about Prodem, please visit: www.prodem.ungs.edu.ar.

About the Global Entrepreneurship Network 

The Global Entrepreneurship Network operates programs in 200 countries aimed at making it easier for anyone, anywhere to start and scale a business. By fostering deeper cross-border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth. Learn more about GEN at genglobal.org and by following us on Twitter, Facebook, Instagram and LinkedIn.

Source Credit: genglobal.org