The Startup State: Issue #28

A weekly bulletin from the GEN Policy and GEN Research team highlighting key entrepreneurship news, reports, commentary, and features from around the world. 
Matt
Smith

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. 

Global Entrepreneurship Week 
Global Entrepreneurship Week is nearly upon us! Visit our GEW website to register your events, download the promotional toolkit, and follow announcements throughout the week. 

GEN Atlas insights
The GEN Atlas is the world’s largest entrepreneurship policy compendium, featuring over 350 case studies from 70 countries. This week, our GEN Atlas Spotlight on Evidence examines the Tel-Aviv-Yafo Model (ITAY) innovation challenge. Read the spotlight

News

  • All business crowdfunding platforms in the EU must now comply with an EU-wide regulatory framework that brings a uniform set of rules to the bloc (TechCrunch) 
  • Australia’s New South Wales Government and India’s Karnataka State Government are the latest to adopt changes to boost public sector procurement from SMEs and startups (NSW Government and Startup Karnataka)
  • The United States Small Business Administrator Isabella Guzman visited Togo and Côte d’Ivoire this week to promote women’s entrepreneurship and international trade opportunities for small businesses (SBA)
  • Abu Dhabi’s Khalifa Fund for Enterprise Development has unveiled a new program that will provide up to $545,000 in funding to support Emirati entrepreneurs as part of efforts to promote long-term economic stability and job creation in Abu Dhabi (National News)

Research & analysis

  • Unpacking the fintech regulatory sandbox framework in Indonesia: Risks management and the data privacy imperative
    To accommodate Indonesia’s quickly growing fintech industry, regulators have opted for a regulatory sandbox mechanism that bases the country’s regulatory response to innovation on the results of live experiments. While they offer clear benefits, regulatory sandboxes can also be risky regulatory instruments. This Center for Indonesian Policy Studies and CIPE paper assesses the promises and pitfalls of the sandbox, focusing on the digital financial innovation (DFI) sector, a responsibility of Indonesian Financial Services Authority (Otoritas Jasa Keuangan, or OJK). The paper focuses on sandbox governance, its risk management mechanism, and co-regulation.
  • Improving transparency of incentives for investment facilitation
    This OECD paper makes the case for greater transparency of investment incentives and explores how governments can enhance transparency of these measures, notably for investment facilitation purposes. It proposes three overarching principles of transparency that can be used to better inform policy design: availability, accessibility and clarity of information. It also sets out a framework and typology to understand the scope of incentives offered in a country and identify what information could support transparency
  • The missing element of firm digitalization: Best practices for enhancing MSMEs digitalization and managerial capacity building
    As increasing the pace of productivity growth continues to be a strong challenge in Europe despite the continuous global technology developments, promoting the adoption and usage of digital technology has become more important than ever, particularly among micro, small, and medium enterprises (MSMEs). This World Bank guide aims to provide policymakers and practitioners with a comprehensive resource that outlines effective strategies for addressing gaps in complementary capabilities to the digitalization of MSMEs that can help enhance their productivity and resilience.
  • Buying social with the social economy
    Produced as part of the OECD Global Action “Promoting Social and Solidarity Economy Ecosystems” funded by the European Union, this paper explores the potential of procurement from the social and solidarity economy in creating social dividends, takes stock of global trends in social procurement among both public and private buyers, identifies challenges in access to markets for social and solidarity economy entities, and finally, provides concrete recommendations for policymakers on how to overcome them.

Comment

Features

To suggest content for inclusion in future editions of 'The Startup State', please email matt@genglobal.org.

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