Driving Economic Growth Through Entrepreneurship Ecosystems
A Program for Public and Private Sector Leaders
“Babson has given me great resources to create opportunities in my region at the intersection of theory and real-life implementation.”
— Brian Schupper, director of policy, Greater Milwaukee Committee
Winter 2016 Dates TBD
Program fee includes program materials, accommodations and meals at the award-winning Babson Executive Conference Center from 4 p.m. on May 10th until checkout on May 13th.
If registering with a group of 3 or more, applicants can use the code BEE-GROUP during the application process for a discount of 10% off of the program fee.
View the program brochure (pdf)
“The amount of information, knowledge, and takeaways during just two and a half days of Driving Economic Growth was extraordinary.”
— Qusay al-Arayedh, senior manager, Tamkeen
Fueled in part by the 2008 economic crisis, in part by geopolitical discontinuities, and in part by surprising examples of economic growth, a global consensus is emerging among world leaders that entrepreneurship is a key strategy—some would say, the key strategy—for economic growth and development. We see high profile programs encouraging entrepreneurship in almost every major city, region and country. However, a painful gap exists between public leaders’ new commitment to entrepreneurship and their regions’ abilities to intentionally create programs and processes that will systematically and measurably stimulate entrepreneurial growth.
In July 2010, the Harvard Business Review published an article by Professor Daniel Isenberg entitled, “How to Start an Entrepreneurial Revolution.” In this article, Isenberg describes the environment in which entrepreneurship tends to thrive. Drawing from examples from around the world, the article proposes that entrepreneurs are most successful when they have access to the human, financial and professional resources they need, and operate in an environment in which government policies encourage and safeguard entrepreneurs. This network is described as the entrepreneurship ecosystem.
Now, Babson College, for two decades the world’s #1 ranked entrepreneurship educator, is offering the world’s first publicly offered program specifically to help public and private sector leaders create an entirely new internal capacity to formulate and implement entrepreneurship ecosystems in their societies using the most advanced concepts, methods, cases and practice in the field.
Driving Economic Growth Through Entrepreneurship Ecosystems is designed to give public and private sector leaders:
- The newest perspectives on entrepreneurship ecosystem development
- State-of-the-art assessment methodologies and practical tools
- The most relevant case examples of practical programs from relevant regions around the world
- Understanding of the nature of entrepreneurship and the entrepreneurial mindset
Domains of the Entrepreneurship Ecosystem
Driving Economic Growth Through Entrepreneurship Ecosystems is a two and a half-day, open enrollment, residential program consisting of:
- Case studies of real life global entrepreneurs and accessible global entrepreneurship
- Case studies of entrepreneurship development in various types of economies
- Assessments of each participant’s entrepreneurship ecosystem’s strengths and weaknesses
- Design and implementation of entrepreneurship development pilot programs “back home”
- Simulations of entrepreneurship ecosystem development
- Action planning for activating identifying and activating the entrepreneurship stakeholders
- Exercises to establish measurable entrepreneurship development objectives
“This whole course arms you with the necessary tools to excite your stakeholders to engage in the notion of scale-ups.”
— Tuba Terekli, CEO, Qotuf Development
Some of the specific topics that are addressed include:
- Avoiding common mistakes in government support of entrepreneurship
- Reducing confusion about entrepreneurship, micro-enterprise, SME policies
- Setting entrepreneurship objectives and measure outcomes
- Assessing the strengths and weaknesses of the entrepreneurship ecosystem
- Planning and implementing entrepreneurship ecosystem action programs
- Impacting the entrepreneurial culture and social norms
- Developing effective public messaging on entrepreneurship
- Using social media to development entrepreneurship
- Establishing effective public voice for entrepreneurs
- Increasing the effectiveness and coordination of various entrepreneurship development agencies
- Do’s and don’ts of using government funding to encourage the development of capital markets for entrepreneurial ventures (angel, private, family, VC, bank, public markets)
- Differentiating among alternative funding vehicles (matching grants, royalty-based capital, accelerator financing)
- The appropriate use and abuse of incubators, accelerators, and innovation centers
- Entrepreneurship as a necessary precondition to clusters
Driving Economic Growth Through Entrepreneurship Ecosystems is designed for public and private sector leaders including director generals, program directors, agency managers, private sector and civic leaders, and other formal and informal leaders who seek to create and implement entrepreneurship ecosystems in their societies.
About the Faculty Director
Dr. Daniel Isenberg is Professor of Entrepreneurship Practice at Babson Executive and Enterprise Education. Since 1981 Professor Isenberg has taught at Harvard, Columbia, INSEAD, and the Technion, and has been an entrepreneur and venture capitalist in Israel, and has been an angel investor in over ten countries.
Professor Isenberg is a frequent participant at Davos and the G20 and blogs for HBR, Huffington Post and others. In 2009 he established the Babson Entrepreneurship Ecosystem Project (BEEP) to help societies around the world create the policies, structures, programs, and climate that foster entrepreneurship.
In this capacity, he has conducted projects in numerous countries, including Colombia, Brazil, Denmark, Canada, and the United States. Daniel has published several seminal articles in the Harvard Business Review, including “Entrepreneurs and the Cult of Failure,” “How to Start an Entrepreneurial Revolution,” and “The Global Entrepreneur.” He is also the author of the Harvard Business Review Press book, Worthless, Impossible, and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value. Daniel holds a Ph.D. in social psychology from Harvard University. In 2012, Professor Isenberg was awarded the Pio Manzu Gold Medal for “pioneering and innovative work in economic development,” signed by Mikhail Gorbachev.
Other Program Faculty Include:
Dan Breznitz is Professor of Innovation Studies and the co-Director of the Innovation Lab at the University of Toronto. He a worldwide expert on rapid-innovation-based industries and their globalization, as well as pioneering research on the distributional impact of innovation policies. Breznitz has been an advisor on science, technology, and innovation policies to multinational corporations, governments, and international organizations such as the World Bank, the World Economic Forum, TEKES, IFC, the United Nations, and the US-Israel Science and Technology Foundation. Breznitz is the author of several award-winning books. His new book, Third Globalization: Can Wealthy Nations Stay Rich?
, looks at the challenges and opportunities faced by Western economies in the aftermath of the financial crisis and the rapid changes in the global production system.
Sherry Coutu serves on the board of companies, charities, and universities. She chairs Founders4Schools and is a non-executive member of Cambridge University (Finance Board), Cambridge Assessment, Cambridge University Press, Raspberry Pi, Zoopla, and the London Stock Exchange Group. She also serves on the Advisory Board of Linkedin.com and HBS European Advisory Board. Sherry is author of the ScaleUp report on UK Economic Growth, which was commissioned by the UK Government and a number of other papers on the subject of scaling up and is exploring "national and city dashboards" to be able to measure the degree to which a country can track, on a national basis, the degree to which their start-up and scale-up policies are being effective.
Anders Hoffmann serves as Deputy Director General at the Danish Business Authority. He holds a Ph.D. in Economics. Mr. Hoffmann has most recently been employed as a Senior Economist with the OECD supervising a team of economists and statisticians and coordinating activites related to micro--policy benchmarking. Prior to this Mr. Hoffman served in various leadership positions with the Danish Ministry of Trade and Industry. He has published articles in several major journals including Journal of International Economics at the Copenhagen Business School.