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Explore Scotland's entrepreneurial activity compared to New Zealand, United States, United Kingdom, and Ireland. Analyze TEA scores, new business activity trends, and the environment for entrepreneurship based on GEM 2005 data. Discover the impact on relative wealth, population growth, and established businesses. Gain insights on high-expectation entrepreneurship rates and social enterprise activity by educational attainment. Uncover opportunities for policy enhancements and recommendations for nurturing entrepreneurship in Scotland.
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15 December 2006 Global Entrepreneurship Monitor Scotland 2005 Jonathan Levie Hunter Centre for Entrepreneurship University of Strathclyde
New Business Activity: How Scotland Compares New Zealand United States United Kingdom Ireland Scotland 2005 TEA scores for 35 sovereign nations & Scotland
Scotland’s Environment for Entrepreneurship Source: GEM 2005 Expert Interviews
GEM Scotland surveys picking up more high expectation entrepreneurs No difference now in relative ambition between Scots and UK entrepreneurs Growing businesses experiencing skills shortages in sales High Expectation Entrepreneurship
Are you, alone or with others, currently trying to start any kind of social, community or voluntary venture, activity or initiative? This might include providing subsidised or free training, advice or support to individuals or organisations; profit-making activity, but where profits are used for socially oriented purpose; or self-help groups for community action. New Social Enterprise Activity
TEA and SEA by Educational Attainment Source: Pooled 2004 and 2005 GEM UK data
Questions for Policy Scotland may have reached its “Natural” rate of new business activity. Now What? Focus on underlying drivers? (Wealth, population growth, business ownership) Focus on improving the environment? (Will affect only the ratio of HEE to TEA entrepreneurs)
Move Social Ventures off short term grants to long term contracts Schools need more help from local entrepreneurs if Determined to Succeed is to truly succeed Higher Education must take Selling seriously if Growing Ventures are to fulfil their potential Major Entrepreneurship Education push needed in Further Education sector Recommendations