Publication:
World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation

Simple item page
dc.contributor.authorIndependent Evaluation Group
dc.date.accessioned2014-01-29T01:40:41Z
dc.date.available2014-01-29T01:40:41Z
dc.date.issued2013-09
dc.description.abstractWorld Bank Group management welcomes Independent Evaluation Group (IEG) review of innovation and entrepreneurship. The global financial crisis required developing economies to actively seek new sources of economic growth. Natural resource-intensive economies are pursuing new ways to diversify their productive capacity to build resilience to commodity cycles. Middle-income countries (MICs) are looking for ways to escape the middle-income trap. A number of developmental challenges, from climate adaptation to food security and health, require new, efficient technological solutions adapted to developing countries' needs. In such context, innovation and entrepreneurship are increasingly seen as essential ingredients for economic and social prosperity. The report notes there are limited mechanisms in place to share learning about innovation and entrepreneurship and few formal efforts to improve coordination. However, important initiatives are already under way to foster learning, cross fertilization, and codification of knowledge to support innovation policy. The innovation, technology, and entrepreneurship (ITE) global practice, for example, brings together innovation and entrepreneurship specialists across the Bank Group in knowledge exchange forums and other learning activities. The innovation policy platform (IPP), under advanced development, will provide a repository of knowledge on the "how to" of innovation policy and a collaborative space for users to exchange knowledge. The report recognizes that venture capital investments typically have high rates of failure in which only one or two investments earn high returns for every ten investments made. It states further that market practice assesses a fund's performance on a portfolio basis against its peers of the same vintage, not on a stand-alone basis. The positive effects on private sector development of International Finance Corporation (IFC) investments in venture capital funds confirm that this type of financing can be an important mechanism for fostering innovation, entrepreneurship, and growth of private enterprises. The report states that Multilateral Investment Guarantee Agency (MIGA) support helped jump-start private sector foreign direct investment in post conflict situations in Mozambique and Nicaragua. The report concludes that the effectiveness of MIGA's interventions to support innovation and entrepreneurship will be enhanced with improvements in the quality of its front-end work in assessment, underwriting, and monitoring. This report is organized as follows: chapter one presents evaluation context; chapter two gives strategies to support innovation and entrepreneurship; and chapter three deals with supporting innovation and entrepreneurship in World Bank Group projects; chapter four presents portfolio performance of World Bank Group support for innovation and entrepreneurship; chapter five gives learning from World Bank Group interventions; and chapter six gives conclusions and recommendations.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/09/18422865/world-bank-group-support-innovation-entrepreneurship-independent-evaluation
dc.identifier.doi10.1596/978-1-4648-0136-5
dc.identifier.isbn978-1-4648-0136-5
dc.identifier.other10.1596/978-1-4648-0136-5
dc.identifier.urihttps://hdl.handle.net/10986/16665
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCE
dc.subjectADVISORY SERVICE
dc.subjectADVISORY SERVICES
dc.subjectBANK FINANCING
dc.subjectBANK LENDING
dc.subjectBANK MANAGEMENT
dc.subjectBEST PRACTICES
dc.subjectBORROWER
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS DEVELOPMENT SERVICES
dc.subjectBUSINESS INCUBATORS
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS MODELS
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectBUSINESS PERFORMANCE
dc.subjectBUSINESS SUCCESS
dc.subjectBUSINESS SUPPORT
dc.subjectCAPABILITIES
dc.subjectCAPABILITY
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectCHANGE PROCESS
dc.subjectCOLLABORATION
dc.subjectCOMMODITY
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMMUNICATION TECHNOLOGY
dc.subjectCOMMUNICATIONS TECHNOLOGY
dc.subjectCOMPETITIVENESS
dc.subjectCONCEPTUAL FRAMEWORK
dc.subjectCOST-EFFICIENCIES
dc.subjectDECISION MAKING
dc.subjectDELIVERY METHODS
dc.subjectDEVELOPMENT EFFECTIVENESS
dc.subjectDEVELOPMENT INSTITUTIONS
dc.subjectDEVELOPMENT OF INNOVATION
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDISCUSSION
dc.subjectDIVERSIFICATION
dc.subjectDOCUMENTS
dc.subjectDOMAIN
dc.subjectDRIVERS
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OPPORTUNITIES
dc.subjectELECTRICITY
dc.subjectELIGIBILITY CRITERIA
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectENABLING ENVIRONMENT
dc.subjectEND USERS
dc.subjectENTERPRISE DEVELOPMENT
dc.subjectENTREPRENEUR
dc.subjectENTREPRENEURS
dc.subjectENTREPRENEURSHIP
dc.subjectENTREPRENEURSHIP AGENDA
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY FUNDS
dc.subjectEXPERIMENTATION
dc.subjectEXPORT PROMOTION
dc.subjectEXTREME POVERTY
dc.subjectFARMERS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCING FACILITY
dc.subjectFLEXIBLE FINANCING
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFRAMEWORK FOR INNOVATION
dc.subjectFRONT-END
dc.subjectGLOBAL KNOWLEDGE
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT POLICIES
dc.subjectGROUP KNOWLEDGE
dc.subjectGROUP LEARNING
dc.subjectGROUP LENDING
dc.subjectGROUP PROJECT
dc.subjectGUARANTEE AGENCY
dc.subjectHUMAN CAPITAL
dc.subjectICT
dc.subjectIDEAS
dc.subjectIMPLEMENTING AGENCIES
dc.subjectINCENTIVE PROBLEMS
dc.subjectINCOME
dc.subjectINCOME CATEGORIES
dc.subjectINCOME GROUP
dc.subjectINFORMATION COMMUNICATIONS
dc.subjectINNOVATION
dc.subjectINNOVATION POLICIES
dc.subjectINNOVATION POLICY
dc.subjectINNOVATION STRATEGIES
dc.subjectINNOVATION STRATEGY
dc.subjectINNOVATIONS
dc.subjectINNOVATIVE PRODUCTS
dc.subjectINSIGHTS
dc.subjectINSTITUTION
dc.subjectINSURANCE
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTELLECTUAL PROPERTY RIGHTS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINVENTION
dc.subjectINVESTMENT CAPITAL
dc.subjectJOB CREATION
dc.subjectKEY PERFORMANCE INDICATORS
dc.subjectKNOWLEDGE ECONOMY
dc.subjectKNOWLEDGE FLOWS
dc.subjectKNOWLEDGE MANAGEMENT
dc.subjectKNOWLEDGE SHARING
dc.subjectKNOWLEDGE TRANSFER
dc.subjectLEARNING
dc.subjectLEARNING ACTIVITIES
dc.subjectLEARNING OPPORTUNITIES
dc.subjectLENDING PORTFOLIO
dc.subjectMANAGEMENT EDUCATION
dc.subjectMANUFACTURING
dc.subjectMARKET INFORMATION
dc.subjectMARKETING
dc.subjectMATCHING GRANTS
dc.subjectNATURAL RESOURCE
dc.subjectNETWORKS
dc.subjectNEW BUSINESS
dc.subjectNEW TECHNOLOGIES
dc.subjectNEW TECHNOLOGY
dc.subjectORGANIZATIONAL INNOVATIONS
dc.subjectOUTPUTS
dc.subjectPARTNERSHIP AGREEMENT
dc.subjectPERFORMANCES
dc.subjectPOLICY ENVIRONMENT
dc.subjectPRACTITIONERS
dc.subjectPRIVATE ENTERPRISES
dc.subjectPRIVATE EQUITY
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPRIVATE SECTORS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROMOTION ACTIVITIES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectR&D
dc.subjectRESEARCH INFRASTRUCTURE
dc.subjectRESULTS
dc.subjectSOCIAL WELFARE
dc.subjectSTART-UP
dc.subjectSTART-UPS
dc.subjectSTATISTICAL ANALYSIS
dc.subjectSUPERVISION
dc.subjectSUPPORT FOR INVESTMENT
dc.subjectTACIT KNOWLEDGE
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNOLOGY DEVELOPMENT
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTELECOM
dc.subjectTHINK TANKS
dc.subjectUSE OF INFORMATION
dc.subjectUSERS
dc.subjectUSES
dc.subjectVALUE CHAIN
dc.subjectVARIETY
dc.subjectVENTURE CAPITAL
dc.subjectVENTURE CAPITAL FUND
dc.subjectVENTURE CAPITAL FUNDS
dc.subjectVENTURE CAPITAL INVESTMENTS
dc.subjectWORKPLACE
dc.titleWorld Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluationen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-10-22
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2013/09/18422865/world-bank-group-support-innovation-entrepreneurship-independent-evaluation
okr.globalpracticeEducation
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid740901468149666112
okr.identifier.doi10.1596/978-1-4648-0136-5
okr.identifier.externaldocumentum000442464_20131022121147
okr.identifier.internaldocumentum18422865
okr.identifier.report88023
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/22/000442464_20131022121147/Rendered/PDF/819500WP0WBGIn00Box379835B00PUBLIC0.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEducation::Knowledge for Development
okr.topicSocial Protections and Labor::Labor Policies
okr.topicPrivate Sector Development::E-Business
okr.topicBanks and Banking Reform
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
880230PUB0978100Box385214B00PUBLIC0.pdf
Size:
24.17 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
880230PUB0978100Box385214B00PUBLIC0.txt
Size:
556.8 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
IEG Independent Evaluations & Annual Reviews