NOVEMBER 11, 2021 – The 2021 Index of Dynamic Entrepreneurship was released today by Prodem and the Global Entrepreneurship Network (GEN). The report evaluates and ranks the conditions for “dynamic entrepreneurship” – startups and young firms with growth potential – across 40 countries.
The IDE 2021 report, released as part of Global Entrepreneurship Week, examines 10 key indicators: business structure, culture, education, demand conditions, financing, policies and regulations, social capital and the efforts of companies and institutions in science, technology and innovation (defined in this report as the “STI platform”). It also provides fresh insights into how these conditions changed during the global pandemic.
Key findings from the #IDE2021 include:
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The United States, Norway, the Netherlands, Germany and Sweden are the top five ecosystems in the IDE 2021 ranking.
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IDE values fell in three of four countries during the pandemic, with an average drop of nearly six per cent. Many countries saw declines in demand conditions, business structure and culture.
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However, many others also reported progress in financing, policies and regulations, education and STI platform.
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Some countries hit hard by the pandemic experienced only small regressions in the conditions for entrepreneurship. Others, such as Brazil and India, showed progress largely attributed to growth in entrepreneurial human capital.
“This report highlights changes in systemic conditions for entrepreneurship that could shape the recovery and evolution of entrepreneurial ecosystems around the world,” said Hugo Kantis, director of Prodem. “Despite the pandemic, some countries – especially in the southern hemisphere – reported progress in systemic conditions, showing impressive resiliency and entrepreneurial spirit.”
"Different indicators can tell different stories on the state of entrepreneurship in various communities and countries," said Jonathan Ortmans, founder and president of the Global Entrepreneurship Network. "The Index of Dynamic Entrepreneurship is essential for taking into account 10 key dimensions -- with entrepreneurial human capital leading the way – when assessing national ecosystem performance."
The report is available for download here: https://genglobal.org/research/ide and https://prodem.ungs.edu.ar/.
For more information, please contact:
Kathryn Forrest
Global Entrepreneurship Network
Or
comunicacion.prodem@campus.ungs.edu.ar
About Prodem
Prodem is a think tank and a do-tank on innovation and entrepreneurship ecosystems in Latin America. With more than 15 years of experience, Prodem stands out for generating and transferring world-class knowledge in coordination with the actual practice of real-life actors. Prodem conducts research, studies and measurements to get an insight into the status of ecosystems, providing technical assistance and training on entrepreneurship and innovation, both for scholars and professionals. Prodem gives priority to the development of networks and alliances, and works to support governments, international organizations and other institutions of the ecosystem in confronting challenges related to the design and assessment of dynamic entrepreneurship and innovation policies. For its role, Prodem received the 2016 Startup Nations Award for Groundbreaking Policy Thinking granted by the Global Entrepreneurship Network. For more information about Prodem, please visit: www.prodem.ungs.edu.ar.
About the Global Entrepreneurship Network
The Global Entrepreneurship Network operates a platform of projects and programs in 200 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. Learn more about GEN at genglobal.org and by following us on Twitter, Facebook, Instagram and LinkedIn.