The 2024 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 50 countries.
The IDE 2024 report examines the conditions for dynamic entrepreneurship based on 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 as the “STI platform”). In particular, this new edition provides novel insights on green entrepreneurship.
“In an increasingly complex and turbulent global environment, this index serves as a clear compass to guide ecosystems in fostering dynamic entrepreneurship as a cornerstone for sustainable and inclusive economic development,” said Hugo Kantis, Director of Prodem. “Compared with 2023 most countries experienced a decline in financing, driven by reduced venture capital investments, while there were some improvements in demand-side conditions and entrepreneurial human capital—two variables often correlated”.
"This year's report shines a spotlight on the pivotal role of green entrepreneurship in advanced and developing nations," said Matt Smith, Director for Policy and Research at the Global Entrepreneurship Network. " As the world grapples with climate change and environmental degradation, entrepreneurs are stepping up to the challenge, driving sustainable innovation and creating solutions for a greener future."
Key findings from the #IDE2024 include:
- Sweden, Finland, the Netherlands, the United States, and Israel show the best systemic conditions for dynamic entrepreneurship. These countries tend to outperform in entrepreneurial human capital, science, technology and innovation (STI) platform, social capital and financing.
- UK, Ireland, and Norway challenge the top performers, but also some emerging countries are championing in their regions such as Estonia in Central Europe, China in Southeast Asia, and the United Arab Emirates in the MENA region.
- Just a few possible configurations of systemic conditions could be associated with top performers’ ecosystems. In other words, there seems to be a small room for heterogeneity among the leaders.
- Green entrepreneurs have a critical role to play, both in developed as well as in developing countries. However, developed nations have a greater social responsibility due larger contribution to environmental degradation and, at the same time, their better conditions for the emergence of green dynamic ventures.
The report is available for download here: https://www.genglobal.org/research/ide and www.prodem.ungs.edu.ar.