Presentation at Conference on How and Why of Promoting Entrepreneurship Abroad
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Presentation given at Stanford University conference on "The How and Why of Promoting Entrepreneurship Abroad"
![Richard Boly National Security Affairs Fellow, Hoover Institution [email_address] Case Study: Partnership for Growth in Italy — Promoting Entrepreneurship as U.S. Foreign Policy](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Presentation at Conference on How and Why of Promoting Entrepreneurship Abroad
- 1. Hoover Institution Stanford University May 21, 2009 The How and Why of Promoting Entrepreneurship Abroad
- 2. Richard Boly National Security Affairs Fellow, Hoover Institution [email_address] Case Study: Partnership for Growth in Italy — Promoting Entrepreneurship as U.S. Foreign Policy
- 7. Italian Academics for Entrepreneurship Raffaele Oriani LUISS Guido Chiarotti SISSA Stefano Fantoni Director, SISSA Alberto Di Minin Sant’Anna Francesco Sacco Bocconi Paolo Cremonesi Milan Politecnico Leo Miglio Milan Bicocca Stefano Zambon U. of Ferrara Max Bergami ALMA Graduate School Paolo Milani U. of Milan Ruggero Frezza U. of Padova Chiara Franzoni Turin Politecnico Rosa Grimaldi U. of Bologna Roberto Guerrieri U. of Bologna Manlio Del Giudice UNISOB, Naples Alessandro Sannino U. of Lecce Ferruccio Fiordispin SIAF Volterra
- 12. Does Success Depend on Forces Outside Our Control?
- 15. Face2Face: Capturing Creativity — Participating Universities Università di Torino Università di Genova Università di Bolzano Università di Padova Politecnico di Milano Università di Brescia Suor Orsola Benincasa Università del Sannio Università La Sapienza Università Tor Vergata Università Roma Tre Luiss Università Università II di Napoli Università di Camerino Università della Calabria Università di Lecce Università di Trento Università Bocconi Università di Firenze Università di Pisa Scuola S. Anna Università di Catania Università di Pavia Università di Ferrara ALMA Graduate School Politecnica delle Marche Università dell’Aquila Università di Bari Università di Palermo Università di Udine Università di Milano, Bicocca
- 16. Fulbright BEST Silicon Valley Immersion Program
- 17. President Bush Meets with First-Gen Entrepreneurs, Fulbright BEST Scholars
- 20. A Simple Proposal President announces intent to nominate a person for ambassadorship If yes, schedules initial video conference between embassy team and organizations promoting entrepreneurship State Department country desk officer offers nominee a meeting with private organizations promoting entrepreneurship Ambassador-designate confirmed and sworn in Ambassador arrives at post, determines if entrepreneurship program is a good fit 10 weeks Average Time Span:
- 21. Window of Opportunity Vacant/Named (20 of 40) Non-career from previous administration (3 of 40) E Endeavor (9) T TiE (7) S SEAF (13) Argentina Transition E Australia Vacant T Brazil Jul 06 E Bulgaria Jul 08 S Chile Nov 07 E China Nominated S Colombia Sep 07 E S Croatia Jul 06 S Denmark Vacant Egypt Mar 08 E Estonia Vacant S Finland Vacant France Vacant Georgia Jul 04 S Greece Nov 07 Iceland Oct 05 India Vacant E T S Ireland Nominated Japan Vacant T Jordan Jul 08 Korea Jul 08 Latvia Vacant S Lebanon Jun 08 Lithuania Jul 06 S Malaysia Sep 07 T Malta Vacant Mauritius Vacant T Mexico Vacant E Namibia Nov 07 Netherlands Vacant S New Zealand Vacant Norway Jan 06 T Pakistan May 07 T Poland Jun 04 S Romania Vacant S South Africa Vacant E Spain Vacant Sweden Vacant Thailand Oct 07 Turkey Nov 08 E Vietnam Aug 07 S
Hinweis der Redaktion
- The proposal at the heart of this presentation is to promote the best of American grassroots capitalism through our diplomatic missions abroad. With the sub-prime crisis, there is the real possibility that other countries will see American capitalism as bankrupt. We should explain, in deeds not words, the difference between the financial engineering that led to the subprime mess and the real engineering that creates thousands of high-growth companies annually. Entrepreneurs will create the jobs of tomorrow and will likely find the solutions to some of the world’s most pressing problems, such as renewable energy. Nearly 48 years ago a fresh, young president entered the White House and captured the world’s attention. He capitalized on this attention and launched the Peace Corps, which has given tens of millions of people in the developing world direct contact with these American volunteers.What I propose is a sort of Peace Corps for the 21st Century, targeting upper and upper middle income countries, not the world’s poorest. This program would give thousands access to American entrepreneurs and innovators and help plant the seeds for entrepreneurial economies across the globe<number>
- The proposal at the heart of this presentation is to promote the best of American grassroots capitalism through our diplomatic missions abroad. With the sub-prime crisis, there is the real possibility that other countries will see American capitalism as bankrupt. We should explain, in deeds not words, the difference between the financial engineering that led to the subprime mess and the real engineering that creates thousands of high-growth companies annually. Entrepreneurs will create the jobs of tomorrow and will likely find the solutions to some of the world’s most pressing problems, such as renewable energy. Nearly 48 years ago a fresh, young president entered the White House and captured the world’s attention. He capitalized on this attention and launched the Peace Corps, which has given tens of millions of people in the developing world direct contact with these American volunteers.What I propose is a sort of Peace Corps for the 21st Century, targeting upper and upper middle income countries, not the world’s poorest. This program would give thousands access to American entrepreneurs and innovators and help plant the seeds for entrepreneurial economies across the globe<number><number>
- Not all market economies are the same. Top down vs. bottom up.Since the 1980s, net job creation in the United States has occurred almost entirely in firms less than five years old.1/3 of GDP growth in U.S. comes from 1,000 high growth companies created annually.18 of the Dow 30 were founded in down markets.Sustainable growth and job creation coming out of the recession will depend on vibrant new venture creation during the recession.“the most dynamic and competitive knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion, and respect for the environment by 2010”<number>
- Why? Italy great ally in the post war era, partners well with us on the challenges of the day (AIDS in Africa, Launched April 2006 – first time a foreign emissary addressed a gathering of the 300 top business leaders (Confindustria)Why I believe this will work – I’ve seen it first hand.Visionary leadership – Ambassador Ronald SpogliNo set budgetForm follows function – entrepreneurial approach to promoting economic dynamism in ItalyNot “preachy” Share U.S. failures and successes -Bayh Dole,-failure of government early stage funds in the United States<number>
- NSF Fellow January-March 2007Hennessy – 1 hour nationally broadcast prime time talk show- Conference with leading educators on role of U in innovation- Lunch with leading innovators- Lunch with leading educators- Coffee with politicians- evening event at Rome’s leading business school<number>
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- Nine founding members grew to nearly 40 now.Part-time secretariatDeal flow growing: first 9 months of 2008, 194 deals submitted(pace doubled between first and third quarter) 8 presenting, 3 in due diligence, one investment.- One of the two candidates for Prime Minister requested a lengthy meeting with IAG. Points from the discussion were included in stump speechesCommitted capital increased private sector early stage investment in Italy by ten percent (from a small base).<number>
- IBM’s 500 person research and development center in Rome created a process to identify and evaluate innovations for possible patent filing. InterviewBayh-Dole is not a money maker for University tech transfer offices. Tech transfer offices can be road blocks or slow technology release to negotiate best terms. (half licensing fees from 10 schools)<number>
- “e-bay for tech transfer”SISSA in Trieste is the first university outside of North America considered for entry into ibridge.<number>
- Important slideTo be an entrepreneur, you must believe you drive your fateCountries with most of the elements for entrepreneurial economy lack this view (right side of chart).This is a mixture of perception and fact. We can address the perception piece of the puzzle.Some surprises- Japan (choice of employer, but starting a scalable venture still difficult- India (for a large segment of the population, true. For the top 20 percent, no)<number>
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- 31 Universities<number>
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- Powerful signals from the top.President Bush met with a handful of first generation entrepreneurs and Fulbright BEST scholars in an open conversation about entrepreneurship in Italy. Audience included the Minister for Innovation and the President of Confindustria, Emma Marcegaglia Message was clear <number>
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