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Entrepreneurship Indicators Project Partnerships, Sponsors and Budget Tim Davis, OECD Statistics Directorate EISG Meeting, Rome, December 5/6, 2006. Financial support: Kauffman Int’l Consortium OECD. Will seek Financial support from: Countries, OECD and Other Sources. Financial support:
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Entrepreneurship Indicators Project Partnerships, Sponsors and BudgetTim Davis, OECD Statistics DirectorateEISG Meeting, Rome, December 5/6, 2006
Financial support: Kauffman Int’l Consortium OECD Will seek Financial support from: Countries, OECD and Other Sources Financial support: Kauffman Int’l Consortium OECD + Seeking Others EIP Timetable 2005 2006 2007 2008 and beyond Phase 1 Feasibility Study/ Action Plan Phase 2 Measurement Manual and Framework Governance Structure Pilot Surveys Indicators Research Conf. Phase 3 Extend Country Participants Ongoing Surveys / Outputs Research Network/Conferences
Overview of funding to date Phase I: Scoping Study • Kauffman Foundation sponsorship of Scoping Study and Action Plan • International Consortium sponsored review of firm start-up data • OECD provided bridge financing and supported new Business Demography work
Funding Status Phase II: Program Development • Two-year funding by Kauffman Foundation • ‘Special Project’ funding by International Consortium • OECD contributing data and infrastructure inputs • Additional sponsors still required • Shortfall of ~€200,000 over 2 years • Kauffman funding to end in late 2008 • Sponsors seeking longer-term OECD and country commitments
Background Consideration • Project needs seed financing like a small business • Needs expansion funding like a HG SME • Then an IPO where countries buy the shares • Initial investors are rewarded, but not with a capital gain • Ongoing net revenue stream is always negative • No significant revenues foreseen • Propose to sell the program, not the data
Long term goal • Established program in OECD work program • OECD has fixed or declining budget • Reallocation very difficult • Sponsorship funding required for “Headquarters” staff • OECD to coordinate and ensure international compilations, analysis, dissemination. • Countries required to fund data collection and inputs
Why consider longer term funding now? • Sponsors already convinced of long-term need • Willingness to invest based on ongoing returns • One-off data compilations not desirable • To date, funding from major sponsors has been contingent on ongoing program
Seeking Sponsorship Potential sponsors? • OECD member countries • Seek additional voluntary financial contributions? • Contributions of personnel? • Corporations and Foundations? • International organisations and “governments”?
EIP “Flyer” • Explain program • Why is outside funding required • Benefits to sponsors • Contribution amounts