Jonathan Ortmans

Building One Global Entrepreneurial Ecosystem

Month: December 2011

2011’s Welcome Spotlight on High-growth Women’s Entrepreneurship

As we close out 2011, I did not want to forget to applaud the welcome attention this year brought to maximizing the entrepreneurial potential of women. A recent report, Overcoming the Gender Gap: Women Entrepreneurs as Economic Drivers, showed that despite the fact that about 46 percent of the workforce and more than 50 percent of college students are female, they represent only about 35 percent of startup business owners and tend to experience less growth and prosperity compared to firms started by men. Further, women take fewer steps to position themselves to start high-growth companies. At the university innovation level, female faculty patent their research at only about 40 percent of the rate of their male colleagues, and they tend to rely on formal university conduits to commercialize their research, rather than reaching out to private industry.

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Washington’s Rush to Support Startups

It was an active week for encouraging more startups in the nation’s capital. Take Thursday, December 8th. While I participated in a morning panel discussion on Capitol Hill with U.S. Senator Mary Landrieu (D-LA) and others, U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) introduced the bipartisan Startup Act, the White House announced that the Obama administration had committed $2 billion in public and private resources to support job-creating startups, and Startup America Partnership board members—at the White House for their first official board meeting—outlined commitments from more than 50 private-sector partners that amount to over $1 billion over the next three years.

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Erdogan’s Play

During the “Presidential Summit on Entrepreneurship” hosted by President Barack Obama in Washington, DC, in April 2010, it became clear that the seeds of entrepreneurship as an economic development policy and diplomatic tool had been planted. Today, I send in a quick report from the Second Global Summit on Entrepreneurship in Istanbul which has brought together approximately 1200 successful entrepreneurs and leaders from Turkey and across the world for idea sharing under the general theme of “Entrepreneurship, Values and Development: A Global Agenda”. Turkey’s Prime Minister Recep Tayyip Erdoğan hosted the event and US Vice President Joe Biden spoke yesterday.

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