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

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collection.link.25
https://openknowledge.worldbank.org/handle/10986/2132
collection.name.25
IEG Independent Evaluations & Annual Reviews
dc.contributor.author
Independent Evaluation Group
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dc.date.accessioned
2014-01-29T01:40:41Z
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dc.date.available
2014-01-29T01:40:41Z
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dc.date.issued
2013-09
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dc.description.abstract
World 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.
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dc.identifier.isbn
978-1-4648-0136-5
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dc.identifier.other
10.1596/978-1-4648-0136-5
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dc.identifier.uri
http://hdl.handle.net/10986/16665
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dc.language
English
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dc.language.iso
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dc.publisher
World Bank Group, Washington, DC
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dc.rights
CC BY 3.0 IGO
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dc.rights.holder
World Bank
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject
ACCESS TO FINANCE
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dc.subject
ADVISORY SERVICE
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dc.subject
ADVISORY SERVICES
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dc.subject
BANK FINANCING
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dc.subject
BANK LENDING
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dc.subject
BANK MANAGEMENT
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dc.subject
BEST PRACTICES
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dc.subject
BORROWER
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dc.subject
BUSINESS DEVELOPMENT
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dc.subject
BUSINESS DEVELOPMENT SERVICES
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dc.subject
BUSINESS INCUBATORS
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dc.subject
BUSINESS MODEL
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dc.subject
BUSINESS MODELS
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dc.subject
BUSINESS OPPORTUNITIES
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dc.subject
BUSINESS PERFORMANCE
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dc.subject
BUSINESS SUCCESS
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dc.subject
BUSINESS SUPPORT
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dc.subject
CAPABILITIES
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dc.subject
CAPABILITY
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dc.subject
CAPACITY BUILDING
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dc.subject
CAPITAL INVESTMENTS
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dc.subject
CAPITAL MARKETS
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dc.subject
CHANGE PROCESS
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dc.subject
COLLABORATION
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dc.subject
COMMODITY
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dc.subject
COMMUNICATION TECHNOLOGIES
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dc.subject
COMMUNICATION TECHNOLOGY
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dc.subject
COMMUNICATIONS TECHNOLOGY
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dc.subject
COMPETITIVENESS
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dc.subject
CONCEPTUAL FRAMEWORK
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dc.subject
COST-EFFICIENCIES
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dc.subject
DECISION MAKING
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dc.subject
DELIVERY METHODS
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dc.subject
DEVELOPMENT EFFECTIVENESS
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dc.subject
DEVELOPMENT INSTITUTIONS
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dc.subject
DEVELOPMENT OF INNOVATION
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dc.subject
DEVELOPMENT STRATEGIES
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dc.subject
DISCUSSION
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dc.subject
DIVERSIFICATION
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dc.subject
DOCUMENTS
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dc.subject
DOMAIN
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dc.subject
DRIVERS
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dc.subject
ECONOMIC ACTIVITIES
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dc.subject
ECONOMIC ACTIVITY
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dc.subject
ECONOMIC GROWTH
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dc.subject
ECONOMIC OPPORTUNITIES
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dc.subject
ELECTRICITY
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dc.subject
ELIGIBILITY CRITERIA
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dc.subject
EMERGING MARKET ECONOMIES
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dc.subject
EMPLOYMENT
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dc.subject
EMPLOYMENT OPPORTUNITIES
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dc.subject
ENABLING ENVIRONMENT
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dc.subject
END USERS
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dc.subject
ENTERPRISE DEVELOPMENT
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dc.subject
ENTREPRENEUR
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dc.subject
ENTREPRENEURS
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ENTREPRENEURSHIP
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dc.subject
ENTREPRENEURSHIP AGENDA
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dc.subject
EQUITY CAPITAL
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dc.subject
EQUITY FUNDS
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EXPERIMENTATION
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EXPORT PROMOTION
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EXTREME POVERTY
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dc.subject
FARMERS
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dc.subject
FINANCIAL INSTITUTIONS
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dc.subject
FINANCIAL MARKETS
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dc.subject
FINANCIAL PERFORMANCE
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dc.subject
FINANCIAL SUPPORT
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dc.subject
FINANCING FACILITY
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dc.subject
FLEXIBLE FINANCING
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FOREIGN DIRECT INVESTMENT
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dc.subject
FRAMEWORK FOR INNOVATION
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dc.subject
FRONT-END
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dc.subject
GLOBAL KNOWLEDGE
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dc.subject
GLOBAL MARKETS
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GOVERNMENT POLICIES
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dc.subject
GROUP KNOWLEDGE
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GROUP LEARNING
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GROUP LENDING
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dc.subject
GROUP PROJECT
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GUARANTEE AGENCY
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HUMAN CAPITAL
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dc.subject
ICT
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dc.subject
IDEAS
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IMPLEMENTING AGENCIES
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INCENTIVE PROBLEMS
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dc.subject
INCOME
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INCOME CATEGORIES
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INCOME GROUP
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INFORMATION COMMUNICATIONS
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INNOVATION
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INNOVATION POLICIES
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INNOVATION POLICY
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INNOVATION STRATEGIES
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INNOVATION STRATEGY
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dc.subject
INNOVATIONS
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INNOVATIVE PRODUCTS
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INSIGHTS
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INSTITUTION
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INSURANCE
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INTELLECTUAL PROPERTY
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INTELLECTUAL PROPERTY RIGHTS
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INTERNATIONAL FINANCE
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INVENTION
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INVESTMENT CAPITAL
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JOB CREATION
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KEY PERFORMANCE INDICATORS
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dc.subject
KNOWLEDGE ECONOMY
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dc.subject
KNOWLEDGE FLOWS
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KNOWLEDGE MANAGEMENT
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KNOWLEDGE SHARING
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KNOWLEDGE TRANSFER
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dc.subject
LEARNING
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LEARNING ACTIVITIES
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LEARNING OPPORTUNITIES
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LENDING PORTFOLIO
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dc.subject
MANAGEMENT EDUCATION
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dc.subject
MANUFACTURING
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dc.subject
MARKET INFORMATION
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MARKETING
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MATCHING GRANTS
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NATURAL RESOURCE
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NETWORKS
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NEW BUSINESS
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NEW TECHNOLOGIES
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NEW TECHNOLOGY
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ORGANIZATIONAL INNOVATIONS
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OUTPUTS
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PARTNERSHIP AGREEMENT
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PERFORMANCES
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POLICY ENVIRONMENT
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PRACTITIONERS
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PRIVATE ENTERPRISES
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PRIVATE EQUITY
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PRIVATE SECTOR
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PRIVATE SECTOR DEVELOPMENT
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PRIVATE SECTOR PARTICIPATION
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PRIVATE SECTORS
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PRODUCTIVITY
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PRODUCTIVITY GROWTH
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PROMOTION ACTIVITIES
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PUBLIC INVESTMENT
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PUBLIC POLICY
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R&D
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dc.subject
RESEARCH INFRASTRUCTURE
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dc.subject
RESULTS
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SOCIAL WELFARE
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dc.subject
START-UP
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START-UPS
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STATISTICAL ANALYSIS
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SUPERVISION
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SUPPORT FOR INVESTMENT
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TACIT KNOWLEDGE
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TECHNICAL ASSISTANCE
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TECHNOLOGY DEVELOPMENT
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TECHNOLOGY TRANSFER
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TELECOM
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THINK TANKS
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dc.subject
USE OF INFORMATION
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USERS
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USES
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VALUE CHAIN
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VARIETY
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VENTURE CAPITAL
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VENTURE CAPITAL FUND
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VENTURE CAPITAL FUNDS
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VENTURE CAPITAL INVESTMENTS
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WORKPLACE
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dc.title
World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
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okr.crosscuttingsolutionarea
Jobs
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okr.date.disclosure
2013-10-22
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okr.doctype
Publications & Research
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okr.doctype
Publications & Research :: Publication
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okr.docurl
http://documents.worldbank.org/curated/en/2013/09/18422865/world-bank-group-support-innovation-entrepreneurship-independent-evaluation
en_US
okr.globalpractice
Education
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okr.globalpractice
Social Protection and Labor
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okr.globalpractice
Finance and Markets
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okr.globalpractice
Transport and ICT
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okr.globalpractice
Trade and Competitiveness
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okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0136-5
en_US
okr.identifier.externaldocumentum
000442464_20131022121147
en_US
okr.identifier.internaldocumentum
18422865
en_US
okr.identifier.report
88023
en_US
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/10/22/000442464_20131022121147/Rendered/PDF/819500WP0WBGIn00Box379835B00PUBLIC0.pdf
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okr.topic
Finance and Financial Sector Development :: Access to Finance
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okr.topic
Education :: Knowledge for Development
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okr.topic
Social Protections and Labor :: Labor Policies
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okr.topic
Private Sector Development :: E-Business
en_US
okr.topic
Banks and Banking Reform
en_US

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