Together, governments, entrepreneurs and corporations can spur growth across the G20. The EY G20 Entrepreneurship Barometer 2013 enables each G20 nation to identify the strengths in its entrepreneurial ecosystem. Find out which countries are getting it right, and which have lessons to learn.
For more information, please visit: http://www.ey.com/GL/en/Services/Strategic-Growth-Markets/The-EY-G20-Entrepreneurship-Barometer-2013
1. The EY G20 Entrepreneurship
Barometer 2013
The power of three
Together, governments, entrepreneurs and
corporations can spur growth across the G20
2. Supporting entrepreneurship — a G20 imperative
► Entrepreneurs create jobs and drive growth.
► Today, their contribution is more important than ever.
► But they need to be given the tools and environment that
will enable them to succeed.
► The power of three – governments, entrepreneurs and
corporations need to work together to foster sustainable
growth.
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3. A call to action — the power of three
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For a thriving entrepreneurial
ecosystem, governments,
entrepreneurs and corporations
must work together.
The EY G20 Entrepreneurship Barometer 2013
4. Introducing the EY G20 Entrepreneurship
Barometer 2013
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5. The entrepreneurial development framework:
five pillars that foster entrepreneurship
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6. The EY guide to funding entrepreneurial
businesses
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7. Overall country rankings
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The following represents the overall
ranking of the G20 countries by quartile.*
Quartile 1 represents the countries that are leading in fostering
entrepreneurship.
Each of the five pillars (Access to funding, entrepreneurship
culture, tax and regulation, education and training, coordinated
support was weighted equally to provide an overall country
ranking.
* Note:
Countries are listed
in alphabetical
order per quartile.
8. Access to funding
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G20 entrepreneurs’ views:
70% say that it is difficult for
entrepreneurs to access
funding in their country.
Half say improved access to
funding is the most effective
way to accelerate
entrepreneurship.
Top-ranked country:
9. Access to funding — key insights
► Banks need a new lending model
for entrepreneurs.
► Government funding can help
close the funding gap.
► Innovation is required to broaden
the early-stage funding
ecosystem.
► Capital without mentorship is lost
capital.
► Corporations can be encouraged
to help fill gaps in the funding
ecosystem.
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Almost half (46%) of
entrepreneurs that are aware
of crowdfunding say that it has
improved in their country.
10. Access to funding: a call to action
Government action: where to focus
► Conduct a self-assessment of your entrepreneurial landscape
► Provide mentoring along with capital
► Boost access to funding
► Support stock markets
The entrepreneur perspective: key issues to consider
► Ensure that your capital source is the right one
► Consider stock markets
A corporate perspective
► Set up a corporate venturing unit
► Trade with entrepreneurs
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11. Entrepreneurship culture
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G20 entrepreneurs’ view:
Only 15% of entrepreneurs
say their country has a
culture that fully supports
entrepreneurship.
Top-ranked country:
12. Entrepreneurship culture — key insights
► Greater emphasis should be placed
on the benefits of entrepreneurship.
► Celebrating success is inspirational
and effective.
► Helping entrepreneurs recover from
failure removes a cultural barrier to
business creation.
► Women and the young can
accelerate entrepreneurship.
► Migrant talent should be welcomed.
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84% think that raising
awareness of entrepreneurs’
role as job creators would
significantly improve attitudes to
entrepreneurship.
Two thirds (67%) view
business failure as a negative
experience, with only a quarter
seeing it as an opportunity to
learn.
13. Entrepreneurship culture: a call to action
Government action: where to focus
► Promote the power and value of entrepreneurship as the engine of economic
growth
► Remove the stigma of failure
► Create networking opportunities
The entrepreneur perspective: key issues to consider
► Share your story
► Help the next generation of entrepreneurs
A corporate perspective
► Sponsor incubators and accelerators
► Recognize the contributions and success of entrepreneurs
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14. Tax and regulation
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G20 entrepreneurs’ view:
83% say that an increase in tax
incentives focused on
innovation would improve the
health of entrepreneurship in
their country.
Top-ranked country:
15. Tax and regulation — key insights
► It is becoming easier to start a
business in many markets.
► Tax cuts and simplification top the
entrepreneurial wish list.
► Policymakers must target tax and
regulatory reform at every stage of
the growth journey.
► Entrepreneurs want help in
navigating regulation and a bigger
voice in its development.
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84% want tax systems to be
simplified.
38% say they want the ability
to voice their concerns on
business regulations, making
this their top suggestion for
how countries could improve
their regulatory environment.
16. Tax and regulation: a call to action
Government action: where to focus
► Reduce the indirect tax burden
► Simplify the tax system
► Make it easier to navigate the tax system
► Give entrepreneurs a voice on regulation
► Simplify insolvency rules
► Stimulate innovation
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17. Tax and regulation: a call to action
The entrepreneur perspective: key issues to consider
► Use tax simplification methods to improve cash flow and decrease
compliance costs associated with paying taxes
► Explore government resources
► Know your R&D Incentives
► Get involved
A corporate perspective
► Share your public policy experience
► Drive change
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18. Education and training
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G20 entrepreneurs’ view:
Sharing success stories is
ranked as the most impactful
way to inspire people to
become entrepreneurs.
Top-ranked country:
19. Education and training — key insights
► Formal entrepreneurship education
is improving across the G20.
► Mentoring, coaching and informal
education is also getting better.
► Entrepreneurs believe the skills
needed to run a business can be
taught.
► Integrating entrepreneurship
education into the school
environment will improve its
perception.
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84% agree or partly agree that
they need specific education to
become successful
entrepreneurs.
52% say that university and
business school courses for
entrepreneurship have
improved in their country.
20. Education and training: a call to action
Government action: where to focus
► Embed entrepreneurial learning into the school curriculum
► Support young people who chose an entrepreneurial career
► Encourage life long learning for entrepreneurs
The entrepreneur perspective: key issues to consider
► Look for the educational opportunities that suit your needs
► Seek out and learn from other entrepreneurs
► Give back to help others
A corporate perspective
► Expand internship programs to provide more hands-on experience
► Mentor entrepreneurs
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21. Coordinated support
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G20 entrepreneurs’ view:
Business incubators are a
top-ranked tool for accelerating
entrepreneurship, according to
36% of entrepreneurs
surveyed.
Top-ranked country:
22. Coordinated support — key insights
► Coordinated support creates the foundation for entrepreneurial
success.
► Access to government start-up programs is deteriorating.
► Business incubators remain extremely important.
► Clusters can thrive with the right kind of support.
► China has stalled in a number of key areas where other BRIC
nations are improving.
► Entrepreneurs prioritize funding ahead of other forms of
government support.
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23. Coordinated support: a call to action
Government action: where to focus
► Create clusters to accelerate entrepreneurship
► Build stronger links between different players in the ecosystem
► Support and improve incubators and accelerators
The entrepreneur perspective: key issues to consider
► Capitalize on networks
► Give back
► Join an incubator or accelerator
► Consider your location carefully
► NGOs and not-for-profits play an important role
A corporate perspective
► Access innovation
► Connect with entrepreneurs
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