The Bulgarian office of the Global entrepreneurship Monitor announced its first annual awards. To winners were people, teams, and organisations, which had a positive impact on the entrepreneurship ecosystem. They received 35 nominations in six categories. Read More
The global financial downturn has left entrepreneurs more reliant on their own funding while new sources of entrepreneurial finance such as crowdsourcing are also gaining in popularity, according to the Global Entrepreneurship Monitor 2015-2016 Special Report on Entrepreneurial Finance.
The global financial crisis has left a lingering mark on entrepreneurship across the globe, with the majority of entrepreneurs (95%) relying on their own funding for start-up ventures.
Emerging technologies regularly serve as enabling forces for economic transformation, new venturing opportunities, industry disruption, and even social revolution or improved quality of life (Cohen & Amorós, 2014). From the printing press in the 15th century to semiconductors in the 20th century, innovators have collaborated to create tools for disrupting the status quo, serving as a generative force for thousands of future innovators and entrepreneurs.
GEM Bulgaria as part of the global network of the Global Entrepreneurship Monitor (GEM), organizes its first thematic afternoon dedicated to social entrepreneurship on 13 June 2016 at 1 p.m. in the House of Europe, Sofia (124, G.S. Rakovski Str.). “Global Trends in Social Entrepreneurship – measuring impact. Success stories from Bulgaria” will be situated in the context of a newly published GEM global special topic report, accounting for 58 countries. This is the biggest and most recent study of social entrepreneurship worldwide.
Special guests of the thematic afternoon will be the Ambassador of the Kingdom of Netherlands to Bulgaria H.E. Tom van Oorschot, Jacqueline Snijders (Panteia, Netherlands, GEM Netherlands), Zornitca Rusinova, Minister of Labour and Social Policy (invited), Ognian Zlatev, Head of EC Representation in Bulgaria (invited).
You can download the press release at the end of the article:
BULGARIA MAKES FIRST APPEARANCE IN THE GLOBAL GEM REPORT – THE FOREMOST GLOBAL SURVEY ON ENTREPRENEURSHIP
The report finds that in Bulgaria, while around two-thirds of adults see entrepreneurship as a good career choice, entrepreneurship levels are low and entrepreneurial potential untapped.
The 2015 Global Entrepreneurship Monitor (GEM) Global Report was released.
GEM studies the entrepreneurship ecosystems dynamics since 1999 in over 100 economies around the world using its trusted methodology and collecting primary data from over 200,000 (18-64 yo) adults and nearly 4,000 experts and opinion-makers. In 2015 62 countries participated in the surveys, of which 23 European economies. GEM’s data and analyses are used by global and regional financial institutions, investors, national and local governments, universities and business associations, corporations, entrepreneurs and journalists. GEM’s key indicators are also monitored by the European Commission’s Directorate General for Internal Market, Industry, Entrepreneurship and SMEs for the purposes of the Small Business Act and the European semester.
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).
GEM Bulgaria is conducting its first surveys on entrepreneurship in Bulgaria this year and will produce a country report in 2016.
The use of indices which have methodological flaws is risky and could lead to misguided policies and decisions. The Global Entrepreneurship Index (GEI) positions the countries according to few institutional indications and relies heavily on GEM data. Bulgaria is ranked at 44 position in the index based on the averaged data of GEM for Montenegro and Romania for 2011 and 2012 – two countries with very different demography, geography, cultural specifics and level of economic development. Investment, strategies and policy making, based on non-Bulgarian data has its risks and responsibilities.
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On 12 March 2015 GEM Bulgaria Chairman Iskren Krusteff participated in the conference “Improving administrative services for better business environment and entrepreneurship” organized by the Economic Policy Institute. The conference took place at the Grand Hotel Sofia and was supported by the Hanns Seidel Foundation.
Read more HERE.