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The Ultimate Social Entrepreneur?

The Ultimate Social Entrepreneur?

Government efforts to promote entrepreneurship always fail because they focus on building science parks and top-down clusters.

Policy makers believe that by erecting fancy buildings and providing subsidies to select industries and venture capitalists, they can create innovation hubs. This is the wrong approach; what needs to be done instead is to remove the obstacles to entrepreneurship and change the culture so that failure is accepted and experimentation is encouraged.

Then entrepreneurs need to be educated and provided with mentoring, inspiration and seed funding. This is exactly what the Global Entrepreneurship Summit is doing — by design or by accident.

Source: Obama’s greatest legacy may be the global entrepreneurship he sparked – The Washington Post


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