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

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