New technologies are invented and propagated through a range of avenues, including government- and university-funded research or corporate R & D. Few of those, however, manage to turn innovations into breakthrough business models and services that literally change the way we live. To do that, we need entrepreneurs. Society needs their sense of purpose, mission and revolution. They alone are able to create businesses that represent major leaps forward. They also create jobs. But much more important is their contribution to society’s progress and way of life. Recognizing this, governments have taken an increasingly strong interest in entrepreneurship and many governments are trying to actively promote entrepreneurship through various forms of support.
With this context in mind, the World Economic Forum launched the New Models of Entrepreneurship initiative in 2012. The overarching objective of the initiative is to identify the factors required to support the growth and scaling of entrepreneurs and further this understanding with policy-makers to ensure entrepreneurs can reach their full potential in society.
Entrepreneurship is inherently a multistakeholder issue – from entrepreneurs starting businesses, to investors deploying capital, to individuals and communities seeing the impact on their families and environment, to governments leveraging innovative approaches to support entrepreneurs. The World Economic Forum is committed to convening leading thinkers and practitioners to generate actionable insights on entrepreneurship and collaborations that can improve the state of the world.