A newly released survey by Endeavor reveals that entrepreneurs in the Middle East believe their businesses depend more on U.S. foreign policy than the U.S. economy.
The survey conducted in anticipation of the Presidential Summit on Entrepreneurship, which starts in Washington D.C. today, also shows what Middle Eastern entrepreneurs anticipate from this week’s event.
Sixty-six entrepreneurs from Egypt, Jordan and Turkey reported that the Presidential Summit would improve entrepreneurship in the region. Among the key areas of improvement identified was increased exposure to the region’s entrepreneurial activity. Fewer than half believed that the Summit would result in increased access to finance, which they said was the primary catalyst needed to jumpstart entrepreneurship and development in the Middle East.
“This survey shows the importance and relevance of the Presidential Summit on Entrepreneurship,” says Endeavor CEO Linda Rottenberg. “There are thousands of promising entrepreneurs in places like Egypt, Jordan and Turkey, who, with a bit of mentorship and guidance, can build innovative businesses that can create hundreds and thousands of jobs, and rewrite the Middle Eastern narrative.”
The Presidential Summit on Entrepreneurship will highlight the role entrepreneurship can play in addressing common challenges while building partnerships that will lead to greater opportunity abroad and at home.
Update: check out our blog post on the Summit.