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CENTER FOR ENTREPRENEURSHIP Prof. Silvia Torres Carbonell Director Center for Entrepreneurship

CENTER FOR ENTREPRENEURSHIP Prof. Silvia Torres Carbonell Director Center for Entrepreneurship Board Member Endeavor Director GEM Argentina. GEM in ACTION Entrepreneurship in Argentina 10 years of GEM. Argentina´s GEM Participation. Ten years since 2000

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CENTER FOR ENTREPRENEURSHIP Prof. Silvia Torres Carbonell Director Center for Entrepreneurship

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  1. CENTER FOR ENTREPRENEURSHIP Prof. Silvia Torres Carbonell Director Center for Entrepreneurship Board Member Endeavor Director GEM Argentina

  2. GEM in ACTIONEntrepreneurship in Argentina10 years of GEM

  3. Argentina´s GEM Participation Ten years since 2000 An initiative leaded and funded by Center for Entrepreneurship IAE Business School Member of the GERA Board 2007/2008 Sponsors: Banco Santander Prosperar National Investment Agency ( 2008/9) Municipal Government of Buenos Aires ( 2008/9)

  4. Evolution of the entrepreneurial context At the beginning…in 2000 Entrepreneurship was not even used as a common word Universities, media, governments didn't realize of the importance of promoting entrepreneurship. Entrepreneurs did exist but were not known or regarded as critical for economic development

  5. Evolution of the entrepreneurial context Ten years after…( having faced 2 economic crisis…) Entrepreneurship is a well known concept Universities, media, governments are more and more aware of the importance of promoting entrepreneurship. Entrepreneurs are starting to be role models New innovative ventures are emerging An entrepreneurial ecosystem is in place in Buenos Aires and is starting to be developed in the interior of the country

  6. GEM in Action GEM was one of the engines of this transformation It's the only reference when measuring entrepreneurial activity It's been continuously sited by media, academics, public policy makers, government officials, entrepreneurs It helped to understand the motivation of people when starting a business It has been fueling the entrepreneurial ecosystem In the last 2 years we've finally got partially funded by the government of Buenos Aires and by the National Investment Agency Gem contributed to Install the “ entrepreneurial issue” in society

  7. The Argentine Case • Argentina has been among the top group of entrepreneurial countries since GEM started in 2000 • In 2008, 16,5 % of the adult population were involved in early stage entrepreneurial activities. • Two thirds of the entrepreneurs were motivated by opportunityand the remaining third by necessity. These have changed in the recent years • Government policy is the aspect acknowledged by national experts as the main national weakness, followed by financial markets. • Access to capital is the critical aspect acknowledge by entrepreneurs

  8. TEA Evolution in Argentina follows the stages of the economy

  9. Why do people get involved in entrepreneurial activities in Argentina?

  10. Lack of network Limited access to capital Lack of legal and institutional support Low access to relevant information Lack of social recognition and respect There are aditional barriers for entrepreneurs in emerging economies... SUCCESSFUL BUSINESS OPPORTUNITY

  11. Overcoming these barriers will transform emerging markets … FINANCIAL CAPITAL Creates Jobs & Wealth Develops Leaders Promoting Entrepreneurship in the region HUMAN CAPITAL Mobilizes Networks SOCIAL CAPITAL Sparks Innovation INTELLECTUAL CAPITAL Promotes Role Models CULTURAL CAPITAL

  12. GEM contributed to understand… How can this be done? Joint effort Universities, NGOs Incubators Business Sector New Ventures Government

  13. GEM in Action Future developments of GEM in Argentina Regional approach GEM in main cities GEM as based of different research projects ( women entrepreneurs, informal entrepreneurs, technological ventures, social entrepreneurship, intrapreneurship)

  14. Today we are welcoming a “back-to-basics” mentality. This shift is a much-needed response to the economic conditions we are currently experiencing. Entrepreneurship is the vehicle for creating new jobs, generating revenue, advancing innovation, enhancing productivity, and improving business models and processes. Despite the challenges, entrepreneurship has never before been more vital to our economy than it is today. It is our best offense for economic progress and our finest defence against the status quo. Promoting entrepreneurship is in everyone’s best interest. The risks are plentiful, but so are the rewards for those who make it.

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