Resource Type
Research

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"Developing ecosystems can be a fuzzy business. Together with 300 partners, we made it a science. Startup Genome has nearly doubled the number of ecosystems studied since 2019 - assessing over 270 ecosystems across over 100 countries to rank the top 30 globally and runners-up."

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"This paper is part of the Compendium of Evidence on the Effectiveness of Innovation Policy Intervention. This paper examines publicly supported policies for entrepreneurship development. Entrepreneurship policies are directed to encouraging socially and economically productive activities by individuals acting independently in business. Their principal objective is to increase a level of entrepreneurial activity which is considered to be below the social optimum. Policies may be implemented directly to address entrepreneurs' needs e.g. business advice programmes or through broadcast methods such as education policy. We have attempted to locate and focus on evaluations that reported on additionality / net effect or that use methods of causal inference to determine the effectiveness and impacts of policy. While policies and programmes for entrepreneurship can be simplistically modelled as a series of inputs beginning with cultural change followed by general and then more specific skill development, it is hard nevertheless to assess impact or trace causality because of the difficulty of defining discrete units of input, the presence of confounding factors and the length of time over which effects can build."

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"The Impact Investing Landscape in Latin America is a joint report by the Aspen Network of Development Entrepreneurs (ANDE) and the The Association for Private Capital in Latin America (LAVCA). The 2018 edition of the report provides an updated, comprehensive look on the state of impact investing across Latin America. Using survey data from over 60 investors in the region, the report outlines trends in investment activity in 2016 and 2017, examines challenges for investors, and evaluates the future of impact investing in Latin America - where investors plan to deploy an additional US$2b in capital over the next two years."

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"As the world continues to grapple with the lasting and uneven effects of the coronavirus crisis, this issue brief explores the impact investing community's ongoing commitment to building a resilient future. Specifically, this brief demonstrates how impact investors seek to implement strategies to strengthen both market and societal resilience to future crises. Based on interviews with 16 asset owners, asset managers, service providers, and social enterprises, this brief investigates the role of social equity in enabling that resilience and shares specific tactics impact investors have implemented or are considering implementing to address inequality."

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"As the novel coronavirus, COVID-19, has spread globally, it has left in its wake acute health concerns compounded by economic devastation. The full effects of the pandemic and corresponding economic slowdown are still unfolding - yet already, impact investors' portfolios are experiencing constraints, and the need for further impact investment is rising sharply. To catalyze strategic flows of impact investment capital and position impact investors to support their current investees, the Response, Recovery, and Resilience Investment Coalition (R3 Coalition) launched in May 2020. This initiative represents a collaboration across impact investing networks. One critical component of this initiative is the delivery of market intelligence on financing needs and effective strategies to address those needs. This first brief intends to describe the current state of play for impact investors."

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"This report is the first of its kind to understand the landscape of Angel Investment Networks in Southeast Asia and explores the challenges and opportunities for angel investors in the region. The report also places a special focus on Gender Lens Investing and the drivers for angel investors to make gender-focused investments to contribute to the development of an inclusive entrepreneurial ecosystem in Asia. This research aims to support the development of the angel investment market in Southeast Asia through three key approaches: First, it aims to Complete a mapping of established Angel Investment Networks (AINs) across Southeast Asia (SEA) that are actively investing in early-stage enterprises. Secondly, the report identifies and analyzes key aspects and good practice of active AIN structures and impact models in Southeast Asia. Finally, it provides a general overview of where and how Gender Lens Investing (GLI) practices take place across AINs in Southeast Asia to further advance the implementation of GLI in the region."

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"Entrepreneurship is an engine for economic development worldwide (Kelley, Singer, & Herrington 2016). For developing economies, the importance of entrepreneurship is associated with increased productivity and reduction in the rising unemployment rates, particularly among the youths. Consequently, several models and support programmes have been designed to facilitate successful entrepreneurial activities amongst youth. The article discusses the business acceleration model of the Global Business Labs (GBL) which is replicated in Botswana, Namibia and Uganda based on a Swedish model, between 2012 and 2015 but failed in Mozambique and Zambia. Using a multiple case study method, this article presents the results of a cross-country case analysis of the GBL programme with a view to understand the emergence of a business accelerator. Despite replication of the programme in respect of concepts, materials and operational systems, the cases reveal variations in operational experiences and acceleration performance across the five countries. Using the emergence theory, the article highlights these differences. The major contribution of the study to theory, in determining how business accelerators come into being, includes the duality of intentions and exchange between key stakeholders and the resource burst as a triggering mechanism in developing countries. The study further informs development of a model for successful business acceleration launch and subsequent performance for developing economies."

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"We document the presence of multiple and varied constraints to small and medium firm growth. This presents both a practical problem for business training programs and a challenge to academic economists trying to identify mechanisms through which these programs may affect outcomes. External validity needs theory. This pushes researchers to narrowly defined and highly selected sample frames, which limits the potential for clear, generalizable policy prescriptions. Ultimately, larger samples, multi-arm evaluations, process documentation, and narrowly-focused, theory-supported empirical work are all needed, but the complexity of the problem limits what we learn from any single study."

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"This paper documents that ventures that are funded by two successful angel groups experience superior outcomes to rejected ventures: they have improved survival, exits, employment, patenting, web traffic, and financing. We use strong discontinuities in angel funding behavior over small changes in their collective interest levels to implement a regression discontinuity approach. We confirm the positive effects for venture operations, with qualitative support for a higher likelihood of successful exits. On the other hand, there is no difference in access to additional financing around the discontinuity. This might suggest that financing is not a central input of angel groups."

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"As governments from El Salvador to Kenya to India enact strict measures to halt the spread of the coronavirus, what can development organizations do to help micro and small businesses survive? Drawing from TechnoServe’s past experience working with entrepreneurs in times of crisis, as well as early learnings from the response to the coronavirus pandemic, we’ve put together this quick guide of ideas for supporting these enterprises."

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