Why Entrepreneurship Development?
Entrepreneurship is the single biggest driver of job creation and economic growth in any economy, which in turn are the underpinnings of political stability and healthy societies. In the U.S., new firms create three million jobs every year, while in emerging markets small- and medium-sized firms account for 97 percent of all jobs. Whether it is helping post-conflict states recover, reigniting growth in stagnant economies, or uncovering new investment opportunities, entrepreneurship development plays a critical role.
Robust entrepreneurial ecosystems contribute additional benefits to communities, including increased commercialization of innovation, which can be harnessed to address pressing social problems. Entrepreneurship provides new opportunity, creating paths for social mobility and thereby empowering disenfranchised groups and including them in the benefits of growth.