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Insights: Entrepreneurship<br />
Entrepreneurship<br />
rising<br />
High-impact entrepreneurship has become an essential<br />
driver of economic expansion in rapid-growth markets,<br />
even as the nature of entrepreneurs themselves, and the<br />
enterprises they start, is changing. We look at the latest<br />
trends in entrepreneurship around the world.<br />
words Uschi Schreiber, Global Vice Chair — Markets, and Chair — Global Accounts Committee, EY<br />
Where are they and why?<br />
Distribution: from necessity to opportunity<br />
Expect to see more innovative start-ups in rapid-growth markets<br />
(RGMs) driven by opportunity rather than necessity. 1<br />
North<br />
America<br />
11%<br />
European<br />
Union<br />
8%<br />
Funding: alternatives abound<br />
New funding options available include<br />
crowdfunding and microfinance, credit<br />
guarantee schemes, government start-up<br />
programs and corporate venturing. 2<br />
x19.2<br />
Predicted growth in<br />
crowdfunding market<br />
for developing<br />
countries by 2025<br />
96<br />
US$b<br />
100<br />
80<br />
60<br />
Latin<br />
America<br />
19%<br />
Sub-Saharan<br />
Africa<br />
27%<br />
Asia-Pacific<br />
12%<br />
Average total early-stage entrepreneurial activity rate in 2013<br />
5<br />
2013 2025<br />
40<br />
20<br />
0<br />
12
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