Resource Type
Research

This content is also available in: Español, Português

"Nos últimos anos, poucas pesquisas têm focado em investimentos de impacto na América Latina apesar de comunidades crescentes e ativas de investidores de impacto estarem presentes em muitos dos países da região. Este relatório representa um passo em direção ao preenchimento desta lacuna de conhecimento, oferecendo um panorama do setor de investimentos de impacto na América Latina. A primeira parte do relatório traz uma análise regional de tendências gerais de captação de fundos, operações e saídas, com enfoque especial no desenvolvimento de potenciais empreendimentos, assistência técnica, mensuração de impacto, talentos e gênero. Após esse resumo, encontram-se análises aprofundadas sobre investimentos de impacto em três mercados-chave nos quais essa indústria se encontra mais desenvolvida: Brasil, Colômbia e México."

READ MORE

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.

READ MORE

Based on a review of existing literature, this paper discusses to what extent and how SMEs can
deliver green and inclusive growth. The OECD defines green growth as aligning economic growth and environmental objectives. Specifically, it involves transitioning to a resource-efficient, low carbon economy and preserving environmental resources while seizing the economic opportunities that this transition generates (OECD, 2015[9]). Similarly, the World Bank defines green growth as “economic growth that is environmental sustainable.” Put it more concretely, it means “enabling developing countries to achieve robust growth without locking themselves into unsustainable patterns” (World Bank, 2012[10]). Meanwhile, inclusive growth involves raising “societies’ welfare or living standards broadly defined.” It is a multidimensional measure of growth and includes both income-related measures of well-being and non-income elements such as health and education. Inclusive growth also emphasizes the question of distribution; that is, how are aggregate changes in measures of growth distributed across households and individuals (Boarini, Murtin and Schreyer, 2015[11])? Simply, green and inclusive growth involves a transition to an eco-friendly, low-carbon economy and simultaneously, broad improvements in societal welfare. Thus, the paper is concerned with discussing to what extent greening SMEs delivers widespread societal welfare gains."

READ MORE

"The purpose of this paper is to investigate the feasibility of the incubator and accelerator approaches towards climate technology entrepreneurship in developing countries. Because an accelerator is a specific type of new venture incubator, this paper will also more broadly consider the suitability of incubators and note the recent emergence of hybrid forms of incubator-accelerators."

READ MORE

"Bangkok is the vibrant capital city of Thailand, known for being a popular tourist destination. The city’s population, which accounts for 15% of the country’s population, and its significant urban sprawl make it the country’s largest and a critical part of the national economy. ANDE identified and collected data on 267 ecosystem players actively supporting entrepreneurs and small businesses in Bangkok."

READ MORE

"The concept of entrepreneurial ecosystems has been used as a framework to explain entrepreneurial activities within regions and industrial sectors. Despite the usefulness of this approach, the concept is undertheorized, especially with regard to the evolution of entrepreneurial ecosystems. The current literature is lacking a theoretical foundation that addresses the development and change of entrepreneurial ecosystems over time and does not consider the inherent dynamics of entrepreneurial ecosystems that lead to their birth,
growth, maturity, decline, and re-emergence. Taking an industry lifecycle perspective, this paper addresses this research gap by elaborating a dynamic entrepreneurial ecosystem lifecycle model. We propose that an ecosystem transitions from an entrepreneurial ecosystem, with a focus on new firm creation, towards a business ecosystem, with a core focus on the internal commercialization of knowledge, i.e., intrapreneurial activities, and vice versa. Our dynamic model thus captures the oscillation that occurs among entrepreneurs and intrapreneurs through the different phases of an ecosystem’s lifecycle. Our dynamic lifecycle model may thus serve as a starting point for future empirical studies focusing on ecosystems and provide the basis for a further understanding of the interrelatedness between and coexistence of new and incumbent firms."

READ MORE

"The purpose of this article is to review the emerging research on entrepreneurial ecosystem and to guide future research into this promising area. The study presents a critical review on the entrepreneurial ecosystem, starting from its very definition and antecedents. Combining prior research with building on the main concepts that constitute an entrepreneurial ecosystem, we have developed an original set of guidelines that can help scholars and practitioners seeking an answer to the following pressing question: “How can we gain a comprehensive understanding of an entrepreneurial ecosystem?”. We will then discuss the opportunities for expanding our current knowledge on entrepreneurial ecosystems and describe the current debates and directions for future research. Lastly, we will provide guidelines that policymakers may take into consideration when designing and issuing support measures to promote entrepreneurship in their local ecosystems."

READ MORE

"Salaried wage jobs are the distinguishing feature separating the middle class from the poor in
developing countries (Banerjee and Duflo 2008). Where do salaried wage jobs come from, and
how can small and medium-sized firms create more of them? We review the evidence on
constraints to growth of small and medium enterprises. We first examine evidence on
constraints to capital and skilled labor, firms’ primary inputs to production. We then consider
factors that affect the efficiency with which firms are able to transform inputs into outputs,
focusing on managerial talent. Finally, we look at the importance of linking firms to markets
and the role of demand in generating firm growth. We conclude with a proposal for a research
agenda built around important but unanswered questions. "

READ MORE

"With the support of the Australian Government, GALI is working to increase understanding of acceleration and early-stage ventures in the Asia-Pacific. This knowledge brief includes application and one-year follow-up data from 473 ventures operating in emerging markets in the Asia-Pacific region to better understand short-term impacts and key challenges. In addition, three accelerators from the region are profiled to give a closer look at how programs are adapting to meet local needs."

READ MORE

"Over the last decade, the maturation of the business landscape has opened new opportunities in Africa, especially the entry of accelerator and incubator programs (AIPs). These AIPs are consistently adapting their models to respond to the ever-changing needs of the ventures they support, and there is a need for existing literature to keep abreast with this dynamism in order to strengthen programming and the ecosystems in which AIPs operate. This knowledge brief explores characteristics of AIPs in East Africa, focusing specifically on Kenya, Uganda, and Tanzania. It highlights existing practices and perceptions among AIPs to better establish a common understanding of the current AIP landscape, best practices, and key challenges."

READ MORE