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Entrepreneurship

Nurturing Technopreneurship in the Philippines

Maria Susan Dela Rama's picture

In 2011, the Philippines launched the Specialista Technopreneurship Program to stimulate economic growth and help provide employment to graduates of Technical Vocational Education and Training (TVET), especially in the rural areas. We learned more about the program works from Maria Susan Dela Rama, Executive Director for Planning of the Technical Education and Skills Development Authority (TESDA)—the government agency that regulates TVET.

Of Gazelles and Gazillas

Megha Mukim's picture

Gazelle. Source: Bahman Farzad -- http://www.flickr.com/photos/21644167@N04/2104059837/sizes/m/in/photostream/Governments and policy makers often look to small and medium-sized enterprises to drive growth in developing economies. These SMEs are held up as incubators of creativity and entrepreneurship, pushing the market to change, expand, and better meet consumer needs. But perhaps SMEs aren’t the only category to applaud. Research has shown that certain firms, regardless of their size, create jobs, export goods, and generally grow faster than others. We think these are the firms to watch.

To explain, we use an animal analogy developed by David Birch. Birch classified firms into “mice,” small firms that tend to stay small; “elephants,” large firms that do not grow rapidly; and “gazelles,” firms that both grow rapidly and account for a large share of employment or revenue growth. These gazelling firms are key to nascent, growing economies. As Caroline Freund and Martha Denisse Peirola show in Export Superstars, a World Bank Research Policy Paper, it is often a few big firms that account for the lion’s share of national exports. Not only are these few good firms responsible for the largest growth in exports, they also contribute most of the export diversification. In fact, countries’ relative comparative advantage is defined by these large, well-performing firms.

Bridging the Gender Gap: Empowering India’s Female Entrepreneurs

Mabruk Kabir's picture

A quiet revolution has been sweeping the Indian political landscape. Last year, the reservation (quota) for women in panchayats — rural local self-government — was increased to at least 50 percent, bringing women into the political fold in vast numbers.

However, economic empowerment may not have kept pace with political empowerment. When it comes to female labor force participation, gender disparities remain deeply entrenched. The 2012 World Economic Forum's Gender Gap Index ranked India 123rd out of 135 countries on economic participation and opportunity.

Insights into Innovation, Tech & Entrepreneurship from the World's Economists

Leonardo Iacovone's picture

Photo credit: Nhuisman, Flickr Creative Commons

I recently attended the American Economic Association annual conference in San Diego—the world’s largest gathering for economists.  There were more than 50 parallel sessions on a wide array of topics and several previews and presentations of papers –so there was a surplus of interesting ideas and insights. As an Economist who works in innovation, technology and entrepreneurship, I was particularly focused on papers that were relevant to my areas of interest.  Highlights are under the cut.

Sparking Innovation and Entrepreneurship (Part II)

John Van Reenan's picture

As policy makers in developed and developing countries alike search for ways to boost productivity, create more and better jobs, increase wages, and lower poverty, they are increasingly focusing on stimulating innovation and entrepreneurship. How can this be done? We asked an expert on this topic – John Van Reenen, Director of the Centre for Economic Performance and Professor of Economics, London School of Economics. In Part II of this two-part series, he emphasizes the need for countries to not only find their comparative advantage but ensure that it is in an area where demand is likely to grow.

Sparking Innovation and Entrepreneurship (Part I)

John Van Reenan's picture

As policy makers in developed and developing countries alike search for ways to boost productivity, create more and better jobs, increase wages, and lower poverty, they are increasingly focusing on stimulating innovation and entrepreneurship. How can this be done? We asked an expert on this topic – John Van Reenen, Director of the Centre for Economic Performance and Professor of Economics, London School of Economics.

Cultivating the Entrepreneurial Spirit in the Middle East and North Africa

Neveen El Tahri's picture

For the Middle East and North Africa, a major challenge is creating meaningful and plentiful job opportunities. How can this be done? We spoke with Neveen El Tahri, Chairwoman and Managing Director of Delta Shield for Investment, an organization she founded to mentor Egyptian entrepreneurs.

Notes from the ‘Capital of Innovation’

Murat Seker's picture

This past summer, I joined my colleagues on a visit to the Global Innovation Summit and study tour in Silicon Valley—which is undoubtedly the world’s capital of innovation and entrepreneurship. Also joining us were representatives from Lebanon and Vietnam, who were clearly interested in enabling inclusive innovation in their respective countries.

Silicon Valley isn't afraid of failing and risking its way to success.  The Global Innovation Summit brought together more than 500 innovation practitioners—including entrepreneurs, financiers, think tanks, NGOs engaged in inclusive innovation, and government officials from emerging markets.  While we were there, we got an inside look at business accelerators, financiers, higher education institutions, and NGOs engaged in inclusive innovation.  It was an important learning opportunity for us, considering the importance of innovation to the development agenda and the World Bank’s role in fostering innovation in our client countries. 

New Varieties of Orchids for Mexico

Dennis Szesko's picture

Dennis Szeszko's passion for exploration and discovery has yielded not only a venture-backed start-up company in Mexico but also new varieties of orchids for the international commercial flower market –  ones that are hybridized to be grown without soil. The JKP spoke with him about he created his business, the skills that are useful for being an entrepreneur, and how policymakers can encourage new firms, especially in agriculture, as farmers try to switch over to higher-value crops.

The Endeavor Model: High-Impact Entrepreneurs

Fernando Fabre's picture

Developing countries are often counseled to encourage entrepreneurship as a way to boost growth and create jobs. But the way to do that often isn't clear, given that these countries may not have much experience with role models, management expertise, and access to smart capital, to name just a few likely barriers. One innovative effort under way in this regard is Endeavor Global, a nonprofit that tries to help transform emerging countries by establishing High-Impact Entrepreneurship as the leading force for sustainable economic development. We spoke with its President, Fernando Fabre.


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