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Analysis: EntrepreneurshipEntrepreneurshiprisingHigh-impact entrepreneurship has become an essentialdriver of economic expansion in rapid-growth markets,while the nature of entrepreneurs themselves, and theenterprises they start, is changing. We look at the latesttrends in entrepreneurship around the world.words Uschi Schreiber, Global Vice Chair — Markets, and Chair — Global Accounts Committee, EYWhere are they, and why?Distribution: from necessity to opportunityExpect to see more innovative start-ups in rapid-growth markets(RGMs) driven by opportunity rather than necessity. 1NorthAmerica11%EuropeanUnion8%Funding: alternatives aboundNew funding options available include:crowdfunding and microfinance; creditguarantee schemes; government start-upprograms; corporate venturing. 2x19.2Predicted growth in thecrowdfunding marketfor developing countriesby 202596US$b1008060LatinAmerica19%Sub-SaharanAfrica27%Asia-Pacific12%Average total early-stage entrepreneurial activity rate in 201352013 20254020042