Jonathan Ortmans

Building One Global Entrepreneurial Ecosystem

Month: December 2012

Gulf States Focus on New Starts

At the Global Entrepreneurial Summit (GES) in Dubai last week, it was clear to me that there is a new level of engagement in developing more entrepreneurial economies at the highest levels of government in the Middle East and North Africa (MENA) region. The summit, a collaboration between the U.A.E. Prime Minister’s office and the Obama Administration, was an effort to leverage U.S. strengths in high growth entrepreneurship. Now that the summit is over, we take a look at the challenges before policymakers in the region in making the path easier for even more nascent entrepreneurs to succeed in the future.

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The Shaping of Thailand´s Entrepreneurship Ecosystem

This year has afforded me the opportunity to visit dozens of nations and talk with their entrepreneurs. One nation remained elusive to me. In 2011, Thailand participated for the first time in Global Entrepreneurship Week (GEW) and I was keen to visit in either 2011 or 2012, but despite good faith efforts, I have been unable to make it there, mostly due to the likes of tragic flooding, the worst in 50 years last year for the country. So I turn today to virtual research.

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We Still Need a Startup Nation Movement

 

A recent blog by Dan Isenberg from Babson College argues that there has been too much focus on startups around the world and that “infinitely more important is to embed scale-up.” Of course, Dan has a point in that I frequently hear leaders outside the United States lament their lack of billion dollars firms, but I think we are far from the point when we can stop advocating for better support for new starts. Not only is most of the world still focused on size not age of firms—talking “SMEs”—but we still do not know enough about the science of startups and how to best support those that want to scale. As with kids—to play along with Isenberg’s analogy—we have to help firms start better if they are to scale later in life and now is not the time to pull back the throttle on legitimizing founders and startups as a centrepiece of that economy policy.

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