SUPPORT | October 2, 2019

Policy Developments Across the Globe: September 2019

Photo Credit: Startup Nations Summit

Each month, Startup Nations, a global network of public sector officials and policy advisors focused on stimulating new firm formation, brings you a summary of recent policy developments. Below are the updates since last month's post.

 

APEC tackles barriers in dispute resolution and global expansion

Following a survey of small businesses in the Asia-Pacific region revealing the need for effective and consistent dispute resolution, APEC's Economic Committee recently endorsed a collaborative framework for member economies to offer cross-border online dispute resolution systems. Committee Chair Robert Logie said the initiative harnesses digital technology to get rid of barriers faced by small businesses.

Read more, here.

 

Chile's S Factory (TSF) continues to attract female tech talent

Start-Up Chile's program for women tech entrepreneurs, The S Factory (TSF), has recently announced the roster of its tenth generation of startups. This public sector-led immigration program grants up to USD 25,000 to selected start-ups, along support to accelerate their projects.  Applicants had to demonstrate that they incorporate female leadership, and run a startup less than year old focusing on some form of technology.  For this latest batch, TSF selected 25 startups from a pool of 210 applications. Successful startups in the cohort will be eligible to apply for visa extensions and supplemental financial support.

Read more, here


Municipalities rise up to the challenge of promoting tech entrepreneurship

Cities that are home to science, technology, engineering, and mathematics (STEM) universities, such as Wuhan, Chengdu, Nanjing, and Qingdao are working to integrate their talent pool strengths into their value proposition for tech startups, which increasingly includes tax incentives, grants, and other incentives for entrepreneurs to choose their municipalities. Central government policies and financial incentives, along a drive to strengthen digital economies that can sustain cities, are thought to be driving the rise of Chinese second-tier cities in the startup map. 

Read more, here

 

An Artificial Intelligence policy framework for Italy

A new government has formed in Italy. The outgoing leadership team at the Italian Ministry of Economic Development (MISE), represented in the Startup Nations policy network by Mattia Corbetta and Roberto Volpe, leaves a legacy of documented policy instruments, such as the 2014 Startup Visa and the 2012 Startup Act. Before the recent political transition, the Ministry submitted a National Strategy on Artificial Intelligence for public consultation. This strategy is a product of a multi-stakeholder task force of national experts in the field of Artificial Intelligence (AI), formed in 2018 with the intention of promoting a participatory policy design process.
 
Read more, here.

 

A Latin American policy review

PRODEM, a think tank based in Argentina has released the 2019 report of the Monitor of Dynamic Entrepreneurship Policies of Latin America. This product is the result of a knowledge-sharing agreement among members of the Latin American Network of Entrepreneurship Policy Agents, a regional group of 16 institutions from across 13 countries, which is represented in the global Startup Nations policy network and facilitated by PRODEM. The report allows for learning about the main policy innovations, updates on existing and discontinued programs and instruments, as well as perspectives on emerging entrepreneurship policy trends. As such, the policy review received support from the Inter-American Development Bank (IADB), and the Uruguayan hosts of the Network's 2019 Annual Meeting: the National Development Agency (ANDE) and the National Agency of Research & Innovation (ANII).

The report can be found, here (available in Spanish only).

 

The United Kingdom reinstates the Post-Study Work Visa
 
The British Prime Minister has announced that the Post-Study Work visa will return in 2020. This program allows foreign graduates to stay for two years if they secure employment, and has been part of the stories of Britain’s top immigrant entrepreneurs. Supporters of this measure point out that almost half of the UK’s fastest-growing startups have least one foreign-born co-founder. "Business ideas don’t come ready-formed upon graduation. A bit of experience goes a long way. Giving graduates the time they need to research and develop their business idea is essential", argues The Entrepreneurs Network (TEN).

Read more, here

 

An evaluation of UK's Tech City Program 

As Tech Nation, a government-funded organization in the United Kingdom opened the application period for its three growth entrepreneurship programs (Rising Stars 2.0, Upscale 5.0 and Future Fifty 8.0), a new study finished an evaluation of Tech City, the program on which Tech Nation was built. The author explored the program's results from a perspective of cluster policy and found that the Tech City policy substantively increased cluster density, most clearly for the younger, newer group of digital tech plants, and with increasing impact over time. 

Read this policy evaluation in full, here.

 

For more policy news, please check the latest entries to the Startup Nations Atlas of Policies

Would you like to share policy updates from your city or country with our global community, or join the Startup Nations policy network? Contact us via sarolta@genglobal.org.

Sarolta's work focuses on building relationships between public policy experts around the world via Startup Nations network and managing GBAN,… About the author

Cristina Fernández focuses on integrating policymakers into startup ecosystems across the world, creating platforms for them to exchange… About the author