To establish a well-functioning, stable, growing entrepreneurial ecosystem, many factors should be considered – how they function and how they overlap with one another. This determines whether the economy of a country is ready to move to the next phase of economic development. One of those important factors is the number of companies with certain level of growth.
Good decisions are supported by reliable data. What are the aspirations of the population? How eager are we to start a new business? What is our growth potential? Are we limited by our country’s phase pf economic development? Do we have high levels of R&D and transfer and is it a prerequisite for an economic growth? In other words – is it time to move our focus from start-up to scale-up?
The Global Entrepreneurship Monitor Bulgaria uses the best instruments for measurement and analysis of the entrepreneurship ecosystem and offers recommendation for its development. Our studies help boost the conditions for scalable and balanced development of the elements forming our economic framework.
We share with you an excellent report by Sherry Coutu, Scale-up Report on UK Economic Growth (2014).