Archive for February 2011

CIPE Entrepreneurship Update

Peru – Instituto Invertir produced a video to create publicity for the EmprendeAhora program. This video has been distributed to Invertir’s main sponsors that display the videos on one of Peru’s main bus companies, Crediscotia agencies, and Telefónica stores. You can view the video in Spanish here.

Russia – Two CIPE partners in the North Caucasus region secured formal commitments this month from regional governments to help support a USAID-funded project that trains local youth to launch businesses and expand their employment opportunities. CIPE’s partners, the chambers of commerce in the Republic of Ingushetia and the Republic of Kabardino-Balkaria, signed agreements with their respective local governments to provide specific material support youth who complete the program. Under the three-year Promoting Entrepreneurship in the North Caucasus project, five other chambers of commerce in the region are in the process of winning similar detailed commitments.

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Democracy Is…

Samriddhi, the Prosperity Foundation, is launching a huge media campaign on the five fundamentals of democracy, including property rights. We are airing 5 TVPSAs, in three major television channels 10 times a day, 6 local languages, 25 billboards, 10 times each in 3 national broad sheets, website, facebook, etc. The campaign website is:

Robin Sitoula
Samriddhi Foundation

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Untapped Potential of Young Egyptians

Fewer than 3 in 10 young Egyptians thought their country’s leadership maximized their potential, according to Gallup research conducted in 2010. This number is down from the year before, and parallels a similar change in sentiment in Jordan and Iraq. The research found the biggest factor driving this shift is “young people’s satisfaction with efforts to increase the number of quality jobs.” The findings will be published in the Silatech Index: Voices of Young Arabs in April.

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CIPE Entrepreneurship Update

Ghana – The Harambe Entrepreneur Alliance, whose mission is to capture, inform and engage Africa’s youth, held a half-day roundtable with leaders from Ghana’s private sector at Ghana’s Parliament to discuss how the private sector in Africa can engage Africa’s youth. About 20 participants from organizations such as GlaxoSmithKline, IBM, Fidelity Capital Partners, Standard Chartered Bank, HSBC and others attended. The second half of the day was a youth roundtable in which 10 Ghanaian youth participants met to discuss the challenges facing youth entrepreneurs in Ghana. CIPE Program Officer Kelly Spence attended the event and also met with the Private Enterprise Foundation, the Institute for Economic Affairs, USAID, the Whitaker Group, the Ghana Chamber of Oil and Gas, and the Business Sector Advocacy Challenge Fund while in Ghana.

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Young Entrepreneurs Forum Held in Tashkent

On January 31st the Young Entrepreneurs Forum was held in Tashkent Uzbekistan. Under the Year of Small Business and Private Entrepreneurship Program, the event was jointly organized by the Fund Forum and Kelajak Ovozi (Voice of the future) Youth Initiative Center, with assistance from the Chamber of Commerce and Industry of Uzbekistan, the National Association of Microfinance Organizations and Credit Unions (NAMOCU), the British Council in Uzbekistan and the Council of Credit Union Federation. The Forum focused on project analysis and current development trends and strategies.

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Measuring Entrepreneurship

Measuring entrepreneurship is important but hard to do because we associate multiple concepts with entrepreneurship. When we think of entrepreneurship, we might think of business creation, risk-taking, innovation, or business growth. Below are a few sources of statistical data, each of which captures somewhat different aspects of entrepreneurship.

The Global Entrepreneurship Monitor (GEM), started in 1999, is based on an annual survey of individuals in 59 countries. It measures attitudes toward entrepreneurship, entrepreneurial activity, and aspirations for business growth. Both formal and informal business is counted.

Under attitudes, GEM measures perceptions of opportunities, risks, status, intent to start a business, and so on. Under activity, GEM measures rates of business ownership with a focus on businesses that are less than 3 ½ years old (“total early-stage entrepreneurship activity”). Continue reading ‘Measuring Entrepreneurship’ »