Enhancing Entrepreneurial Ecosystems: A GEI Approach to Entrepreneurship Policy

Abstract

Facilitating entrepreneurship is high on many government policy agendas. Policies that support entrepreneurship have become increasingly sophisticated over time, as governments have moved from facilitating the creation of new firms toward supporting high-growth businesses. Many governments currently talk about support ecosystems that cover the entire life cycle of a new venture, from inception to early survival and growth to international expansion. Many governments have adopted a focus on high-growth firms, having learned that only a small fraction of all new firms end up creating the bulk of new jobs.