GEN Unveils New Country Affiliate, Accelerator, Startup Hub, Reports and Partnerships
SURABAYA, INDONESIA – As Global Entrepreneurship Week celebrations begin to wind down in as many as 170 countries over the weekend, a group of startup-savvy policymakers and advisors have gathered in Surabaya, Indonesia, to explore innovative approaches being deployed to help stimulate the creation and growth of new businesses. The Startup Nations Summit is held each November as the official capstone to GEW when millions participate in 35,000 events, activities and competitions.
“Entrepreneurs are the life blood of any economy and governments are understandably focused on the health of their start and scale ecosystems,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “During this week, we get to see the optimism and energy of those around the world as we work to remove barriers and help a wide array of countries and communities rise to the challenge.”
For the second year in a row, the Summit features a policy hack where seven teams of public and private sector leaders, guided by experienced mentors, design policy solutions to real-world challenges restricting the growth of entrepreneurs in their countries. Team leaders hail from Argentina, Brazil, Estonia, India, Indonesia, Peru, South Africa and Turkey with challenges such as increasing the number of women investors or attracting high-skilled immigrants.
Another highlight of the Summit was the World Bank launching its new flagship report which describes experiences of high-growth firms in 11 developing countries across the world. The Future of Entrepreneurship and High-Growth Firms draws cross-country lessons regarding the incidence and drivers of rapidly scaling businesses but also urges caution around some common misconceptions about public policies to support them.
During the Summit, the Global Entrepreneurship Network announced a broad slate of new initiatives to stimulate entrepreneurial growth:
- GEN Indonesia:
GEN introduced Ivan Sandjaja as acting managing director of GEN Indonesia, its latest country affiliate. Sandaja will work to expand collaboration among the country’s entrepreneurship ecosystem leaders to foster unity among entrepreneurs, startup ecosystem supporters, colleges and universities, the business community and the government – focusing on different topics to help better enable the entrepreneurial community in the nation.
- Collaboration with Indonesian Chamber of Commerce and Industry (KADIN):
GEN signed a memorandum of understanding with KADIN to offer joint programs targeting entrepreneurs, investors and ecosystem builders throughout the country as well as collaboration on entrepreneurship data and research.
- GEN Accelerates:
Led by executive director Susan Amat, GEN Accelerates is a new effort to support entrepreneurs as well as capacity-building and program development for entrepreneur support organizations and governments. The program offers a data-driven approach to ecosystem building paired with global linkages, leveraging regional and international experts from GEN’s existing network.
- Entrepreneurship World Cup:
GEN is partnering with Misk Global Forum to create the Entrepreneurship World Cup – engaging 100,000 entrepreneurs each year. The new program combines a broad-reaching pitch competition, aimed at ventures ranging from idea stage through growth stage, with a virtual accelerator program to help all participants launch, strengthen and scale their enterprises with the global finals scheduled for GEW 2019.
Standing alongside Egyptian Minister of Investment and International Cooperation, Sahar Nasr, Ortmans broke ground on GEN@Bloomfields in Cairo, Egypt, its first startup campus in the MENA region. The hub, being developed by Tatweer Misr, is expected to be operational by 2021 and will host several technology labs, state-of-the-art work stations, co-working space and meeting space for the startup ecosystem.
- Index of Dynamic Entrepreneurship:
In a partnership with Prodem, an entrepreneurship think tank based in Argentina, GEN released the Index of Dynamic Entrepreneurship. The 60-nation report found that leading countries like the United States, Netherlands, Singapore and Finland offer better access to financing and greater social capital to build networks.
The Startup Nations Summit was hosted by the Global Entrepreneurship Network and the City of Surabaya. Delegates to the Startup Nations Summit will again gather in April 2019 at the Global Entrepreneurship Congress in Manama, Bahrain.
About Global Entrepreneurship Network
The Global Entrepreneurship Network operates a platform of projects and programs in 170 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. To learn more, visit genglobal.org.