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2Entrepreneurship<br />

rising<br />

The growth and prosperity of all economies,<br />

rapid-growth and mature, remain highly<br />

dependent on entrepreneurial activity.<br />

Entrepreneurs are the lifeblood of economic<br />

growth — th<strong>ey</strong> provide a source of income<br />

and employment for themselves, create<br />

employment for others, produce new and<br />

innovative products or services, and drive<br />

greater upstream and downstream valuechain<br />

activities. While some entrepreneurial<br />

activity around the world is still driven by<br />

necessity, high-impact entrepreneurship,<br />

once largely confined to mature markets,<br />

is now an essential driver of economic<br />

expansion in rapid-growth markets. In some<br />

cases, these high-impact entrepreneurs are<br />

building innovative and scalable enterprises<br />

that capitalize on local needs and serve<br />

as role models for new entrepreneurs.<br />

The face of entrepreneurship is also<br />

changing — across the world, entrepreneurs<br />

are increasingly young and/or female.<br />

Many of these new enterprises are digital<br />

from birth. Access to funding remains the<br />

primary obstacle for entrepreneurs from all<br />

markets. The public and private sector each<br />

have an important role to play in creating<br />

entrepreneurial ecosystems that, in addition<br />

to funding, are essential to promoting<br />

entrepreneurial success.<br />

Megatrends <strong>2015</strong> Making sense of a world in motion<br />

15

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