How can governments help build an entrepreneurship culture?
Governments must support current and future generations of young entrepreneurs by enacting long-term education policies that develop enduring cultures of entrepreneurship.
Our report “From classroom to boardroom” examines education policy proposals designed to enable cultures of high-impact entrepreneurship in G20 countries. Released at this year’s G20 Young Entrepreneurs’ Alliance (YEA) Summit in Turkey, the report provides recommendations and clear milestones for governments around these proposals.
The G20 YEA summit will feed these recommendations to the G20 Leaders’ Summit in November, which will focus on global employment.
Persistent youth unemployment and ever-present demands for innovation, sustainability and social inclusion are compelling G20 governments to support high-impact entrepreneurship among youth.
This support is critical to generating gains in income, employment, productivity and competitiveness. At the same time, a positive entrepreneurship culture is needed to advance the development and scaling of high-impact firms.
For G20 governments, education is the key channel for strengthening culture. Policymakers must uncover best-in-class methods that foster real improvements in entrepreneurial culture in their respective economies.
However, lasting changes in education systems -- and real changes to culture -- take time. Governments must make a long-term commitment to reform their education systems and begin implementing new policies today.
Our report lays out six policy recommendations for governments to enact now and over various time periods in the future.
Create a G20 multilateral entrepreneurs start-up visa (now)
Encourage international networking (now)
Start teaching entrepreneurship early (near-term)
Continue these programs during secondary/tertiary education with a pivot toward vocational education and industry partnerships (near-term)
Focus on quality entrepreneurship and quality employment (medium-term)
Establish longitudinal programs to link culture and education to impact (long-term)