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In the last few years, many policymakers and business leaders have recognized that high-impact entrepreneurship is critical for job creation, economic growth and innovation. While the increased focus on entrepreneurship is great news, it is clear that more research is needed to understand how leaders can best support growing companies in their cities and countries.
Last Friday U.S. Secretary of State John Kerry announced the creation of the Global Entrepreneurship Research Network (GERN), which was co-founded by the Kauffman Foundation, the World Bank and Endeavor Insight to standardize data and work to gain a better understanding of policy barriers and what the right policies are for fostering entrepreneurship. In addition to the key founding partners, a number of other organizations have joined in this initiative. They include the Allan Gray Orbis Foundation, the Argidius Foundation, the Lemelson Foundation, MaRS Data Catalyst, Nesta, Omidyar Network and the Rockefeller Foundation.
The research network will engage in the following activities:
• Support research that advances the network’s goals;
• Translate research into policy actions; and
• Generate lessons and insights for entrepreneurs and programs.
Next steps include:
• Sharing a research agenda that will guide the activities and decisions of the network;
• Identifying researchers and programs for collaboration;
• Organizing events that allow participants and others to come together and advance the network’s goals.
At Endeavor, we believe that these activities will be critical in creating more support for high-impact companies across the world and we look forward to joining our fellow founding organizations in advancing this important work.
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