More and more countries are interested in promoting entrepreneurial growth -- demanding ever-improving data and information. The Argentina-based research organization PRODEM has responded to this demand with its Index of Systemic Conditions for Dynamic Entrepreneurship (ICSEd-Prodem).
The authors define dynamic entrepreneurial ventures as those that, within a few years, become small or medium sized firms with further growth potential based on differentiation and innovation. According to PRODEM Director Hugo Kantis, the Index is a tool that helps policymakers identify a country’s main strengths and weaknesses, and to design an agenda of effective initiatives to foster entrepreneurship.
For this research project, the PRODEM team followed OECD guidelines and best practices, and considered the specific factors that influence emerging economies. The conceptual framework for the Index was first conceived in 2004 and has been refined throughout a decade of research with the collaboration of international organizations, interested governments and institutions. The Index’ ten pillars combine more than 40 variables and reflect social, cultural, economic and political factors that influence the entrepreneurial process.
The first publication of the Index is focused on Latin America but Kantis seeks to extend it to other countries and regions interested in benchmarking their entrepreneurship ecosystem.
A few insights from the Latin America analysis
According to Susana García Robles, specialist at the Inter-American Development Bank’s Multilateral Investment Fund, the release of the Index is timely, since it fills a demand for improved conditions for entrepreneurship in the region among policymakers, development agencies, academia, accelerators, investors and other stakeholders.
A Mindset Shift in Mexico
This Week in Entrepreneurship Policy