The global economic crisis has increased attention on entrepreneurship. Many economists and policy makers have concluded that entrepreneurship is one of the main ways to resolve the crisis. Entrepreneurship and entrepreneurs have long been recognized as important sources of innovation, and thereby also of growth and employment. The Crisis, needless to say, has resulted in a slowdown in growth and employment in a difficult situation. Besides that, it characterized by tighter credit restrictions, has arguably hampered new start-ups and impeded growth in existing start-ups as well as their ability to survive in tough market conditions. A new report by the OECD “Entrepreneurship at a Glance” contains a wide range of internationally comparable measures of entrepreneurship designed to meet this need. These are the main points:
Start-up rates remain below the pre-crisis levels in many countries, particularly in the Euro area. There are tentative signs of improvements in some economies, notably Australia and the United Kingdom, but these are, to varying degrees, mirrored by higher failure rates. Moreover, a not insignificant factor behind the pick-up in start-ups has been an increase in own-account workers, which may indicate adjustment strategies rather than entrepreneurialism.
Fewer enterprises had stellar growth during the crisis. The share of high-growth enterprises fell to between 2.0% and 4.0% in 2010, consistently below levels seen (between 3.5% and 6.0%) in 2006 in virtually all OECD countries.
Young people are more optimistic about the possibility of setting up a business in the near future , even though the actual rate of entrepreneurship among the youth is, on average, a low 4.0%.
Gender differences remain important. Women consistently rate self-employment as being less feasible than men; self-employed women earn 35% on average less than men across countries and the gaps are wider than those observed in wage employment, which are of 15% on average.
Support for start-ups is an important dimension of Israel’s STI policy. The Office of the Chief Scientist (OCS) of the Ministry of Economy is the support arm of the Israeli government charged with fostering the development of industrial R&D within the State of Israel. s mission is to assist the advancement of Israel’s knowledge-based science and technology industries in order to encourage innovation and entrepreneurship while stimulating economic growth. The operations are facilitated through Israel’s R&D Fund, as well as a variety of international programs, agreements and collaborations.
One initiative worth highliting is the Technological Incubators programme supports early-stage technological entrepreneurship by providing support for turning innovative ideas into potentially successful commercial products.
The Israeli Small and Medium Business Agency also activates various programs to support and encourage entrepreneurship Such as: Representation of small and medium enterprises to the government offices to resolve structural problems and regulatory activities related fields. Assistance programs for businesses. Making significant changes to improve the accessibility of small business management and professional advice and etc.