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Global Growth Company CEO Workshop Series: Innovation, Entrepreneurship and Global Growth

 
Global Growth Company  CEO Workshop Series: Innovation,  Entrepreneurship  and Global Growth

The Global Growth Company CEO Workshop convened entrepreneurs, leading fast-growth companies and policy experts in London on 15 April 2013 to debate how to strengthen Europe’s competitiveness. The workshop offered the opportunity to share illuminating experiences, think through the key barriers and enablers of entrepreneurial innovation and global growth, and define actions to improve the entrepreneurship ecosystem in Europe. Fourty-four delegates from 14 countries took part in the workshop, representing the World Economic Forum’s New Champions community. They concluded that entrepreneurship is vital to bringing new ideas to market, scaling businesses internationally and improving Europe’s competitiveness. Workshop participants considered the following to be the most important drivers impacting entrepreneurship in Europe:

  • The lack of education about the value of entrepreneurship in schools, universities and society
  • The need for more collaboration between large and small enterprises
  • Regulation that does not hinder entrepreneurship
  • The diversity of the European market often inhibits growth across member states
  • Identification and use of distinctively European growth opportunities
  • Access to finance and quality of financial advice

The debate centred around culture and education, collaboration, regulation, finance and the diversity of the European market. These five themes are summarized in this report, followed by a concrete set of improvements that were identified by the participants.