Lessons Learned from Australia’s Entrepreneurial Prowess

What are the ingredients required for a sustainably innovative, entrepreneurial, and growth-oriented environment? Australia was recently named among the top quartile of G20 countries in which to be an entrepreneur. There were five criteria: access to funding, the country’s “entrepreneurial culture,” the tax and regulatory framework, access to education and training, and the amount of collaboration and support between the private and public sectors. Australia placed fifth, behind the United States, South Korea, Canada, and Japan.

These benchmarks reflect the factors required to engender strong entrepreneurial capacity within a nation and also point to how companies can turn the entrepreneurial capital within their ranks into profitable innovation.

What can we learn from Australia’s high ranking? How can companies make the most of the current environment and foster an innovative, entrepreneurial culture? Must governments take the lead in creating such a culture, or can companies create it themselves?

Ream more on my blog for the Global Economic Symposium on the Future Challenges Website! 



Are you a budding Sudanese Entrepreneur?

Thanks to my father for the heads up on this initiative!

The British Council in Khartoum, in collaboration with a few local players in Sudan including Sudanese Young Businessmen Association and Sudani Telcom has launched a competition for budding Sudanese entrepreneurs.

Called "Mashrouy", which translates to "My Project" in Arabic, the aim is to select 12 people/teams from the pool of applications for a competition to be aired at Blue Nile Satellite Station.

It is open for Sudanese people - both in Sudan and overseas - aged 18 to 40 - who have a business (commercial) idea that needs funding. In addition to the cash prize (SDG200,000, 150,000 and 100,000 for the top three)  there is also the opportunity to spend three weeks in the UK for coaching.

The Sudan Vision Daily has some information here and Alnilin also has a bit more information.

The 'Mashrouy' website (in Arabic) has the application form - closing date 20 May 2013.

[box type="info"] “The completion we are launching today is seeking ambitious bright young people in Sudan who have creative business proposals that needs support to be developed”, said the British Charge d’ Affaires Mr. David Belgrove in his address in the conference. Adding that the future and growth of the country require investment in youth and we hope that through this project young Sudanese will be able to kick-off the ground their innovative ideas and contribute to the growth and development of the economy of their country. He concluded by saying that all over the world with very few exceptions, all the largest companies in the world have started as a small business”.[/box]

This is an awesome opportunity for young Sudanese and those with ideas and the drive to push them to fruition.

There are numerous barriers to entrepreneurs and entrepreneurship in Sudan, but this may well be one of the avenues around those barriers.  I encourage all young Sudanese reading this to consider putting in an application or forward it to someone who might find it of use!