Entrepreneurs will save the economy from COVID-19, according to the Global Entrepreneurship Network in New Zealand (GEN NZ).
GEN NZ released its Entrepreneurship Manifesto this morning, which calls on the incoming Government to collaborate with entrepreneurs to improve the conditions for innovation and new business formation. Areas for development include policymaking, support networks, education, venture funding, and immigration.
The manifesto can be downloaded at:
“Rebooting our economy after COVID-19 is going to be a huge challenge,” says GEN NZ Chair Dave Moskovitz. “There’s no going back to the old normal. Innovation, agility, resilience, and a lot of hard work will be required to build our new economy on a more sustainable basis. The people with experience doing this are entrepreneurs, and it’s never been more important to encourage and support entrepreneurial activity.”
The Manifesto makes specific recommendations, including creating a shared entrepreneurship vision and roadmap; resourcing local entrepreneurship organisations in each region; aligning educational institutions, entrepreneur training programs, and the entrepreneurship community; tripling the amount of government funding available for very early stage businesses; and increasing the quality and quantity of entrepreneurs through visa policies. In all, 17 initiatives are proposed.
“Entrepreneurs are ready to collaborate with Government and policymakers. Together we can work on a ‘new normal’ economy that is much better and much more sustainable than the old normal,” says GEN NZ Managing Director Marwan Jamal. “We look forward to the incoming government answering the call.”
Vic Maclennan, founder of Optimal BI and NZRise added, “New Zealand companies and talent will define the future that Kiwis want to live in. Local support and cooperation are vital if we don’t want big multinational companies to dictate the future of New Zealand.”
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 collaborations 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.
In Aotearoa New Zealand, GEN NZ comprises over 50 participating organisations that work together to connect entrepreneurs to the resources and networks they need to thrive locally and globally.