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- IPR Strategies for the South-East Asian Knowledge Market
- Why the World needs Women Entrepreneurs
- The European Startup Monitor (ESM): the Growing Influence of Young Enterprises on the European Economy
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Conference on "Quality FDI, growth and development: discussing the impact and policy options"
14 - 15 September 2016
Organized by UNIDO and Kiel Institute for the World Economy
The XIV Triple Helix Conference 2016
25 - 27 September 2016
Organized by the Triple Helix Association
Trade for Sustainable Development Forum 2016
28 - 30 Semptember 2016
Organized by the International Trade Centre
- Picks in the News
The OECD recently launched the “Development Co-Operation Report - The Sustainable Development Goals as Business Opportunities”
The achievement of the Sustainable Development Goals (SDGs) is a huge challenge in today’s world and if public resources are fundamental, it is proven that they are not enough. The official development assistance (ODA) provided by the global community reached $132 million in 2015, but the investment need is much higher. The achievement of SDGs in developing countries requires around $3.3 to 4.5 trillion per year. In this scenario it is crucial to involve the private sector as, according to the “Development Co-Operation Report - The Sustainable Development Goals as Business Opportunities” recently launched by the OECD, investing in sustainable development is a smart investment.
The publication demonstrates the high potential of private investments in SDGs, it is indeed proven that despite the high risk, considerable business opportunities are generated by allocating resources in developing countries.
Five pathways to exploit this potential at its maximum extent are at the core of the report:
The report also includes key recommendations, statistics, data with information illustrating how businesses are already promoting investments and offering information on the performances of development cooperation providers.
- Foreign Direct Investments create jobs, boost productivity and enable local businesses to access new international markets;
- Blended Finance can improve the scale of investment in development, offering huge potential for public and private stakeholders to join the efforts and by doing so improving the scale of investments in developing countries;
- Monitoring and measuring mobilized private funds can enhance transparency and improve both financing strategies and good practices;
- Social Impact Investments that bring effectiveness, innovation and scale to sustainable business;
- Responsible business conduct enhances business and development results, matching investments quantity and business quality to produce social, economic and environmental benefits.
The European Investment Fund -EIF is one of the leading institutions in the European venture capital market and works to establish a sustainable venture capital market in Europe to support innovation and entrepreneurship.
With the aim to present the results of the work done during the last 20 years, EIF is releasing a series of publications analysing its activities in the venture capital market and assessing the economic impact on European startups and on the whole VC ecosystem.
The first issue on “The European venture capital landscape: an EIF perspective” offers insights on the key role played by EIF in sustaining investment and fundraising activities across Europe. Interesting data are also shared, for example it is reported that the investment activity supported by EIF represented 41% of total investments in Europe in 2014 (29% in 2007). The publication also includes a focus on the geographical analysis of the portfolio of EIF-backed startups.
According to the data collected the Research and Market analysis team that produced the publication, EIF investments effectively crowded-in additional capital from other VC investors in the aftermath of the recent economic crisis.
Further publications will follow to share results and future perspectives of EIF activities in VC.
Entrepreneurship is more and more considered as one of the key to overcome the current economic difficulties and to respond to the high unemployment rate. However many people have to face challenges when they decide to start a business, they have to deal with issues like access to finance, the lack of skills and business network. These difficulties affect in particular disadvantage groups like youth, women, ethnic minorities and others.
Inclusive entrepreneurship policies are thus required to encourage business creation. In this regard the Centre for Entrepreneurship, SMEs and Local Development of the OECD and the Directorate-General for Employment, Social Affairs and Inclusion of the European Commission have recently published “Inclusive Business Creation” meant to be a compendium of good practices that might be a source of inspiration for policy makers at national, regional and local level.
The publication collects a series of case studies from the European Union showing a range of options that policy makers have to support inclusive business creation and identifies several keys to success, such as:
- the adoption of a clear strategy that includes inclusive entrepreneurship policies and programmes;
- the definition of clear objectives and targets for policy intervention;
- the use specialized trainers and advisers.