Promoting Entrepreneurship in the Caribbean: Where to Start?

Many countries across the globe face unprecedented challenges, ranging from unemployment and inequality to climate change and impending workforce displacement by automation. Many of the solutions rely on a robust private sector that can deliver services, develop and scale innovative solutions and complement public sector interventions. In this context, well-developed entrepreneurship ecosystems provide the bedrock for a robust private sector by facilitating the creation, growth, and exit of businesses.

The various components of an entrepreneurship ecosystem – policy and regulatory environment, culture, finance, skills, supporting services, and market access – interact dynamically and in highly context-specific ways. Understanding of this ecosystem can provide valuable information for policy makers on the priorities for interventions aimed at supporting private sector development in their countries.

The webinar will present several methodologies for analyzing entrepreneurship and start-up activity in a country. Speakers will present case-studies based on the work implemented in Suriname, Serbia, Sri-Lanka, Bangladesh, Palestine, Lebanon and other countries. These methodologies (or diagnostic tools) help not only understand constraints to innovation and entrepreneurship, but also compare performance vis-a-vis peer countries. The information they provide represents a necessary step toward a response – policy reforms, change in program design and resourcing, or a specific intervention, helping policy practitioners identify suitable entry points, justify interventions, and achieve consensus for key priorities and a course of action.

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About the Presenters

Maja Andjelkovic

Maja Andjelkovic is the Digital Entrepreneurship Program lead with the Innovation & Entrepreneurship team in the World Bank Group’s Trade & Competitiveness Global Practice. She supports start-up founders on their path “from mind to market,” through incubation, acceleration, mentorship, networking, and early-stage funding. She is interested in the potential of entrepreneurship to contribute to environmental, economic, and social progress, and has spent over 15 years working at the intersection of these fields. Her experience includes being a product manager in a web-technology start-up, lead internet governance researcher at the International Institute for Sustainable Development, and counselor for Canada for the World Bank Group.

Sophia Muradyan

Sophia Muradyan is leading the Entrepreneurship Program for Innovation in the Caribbean which aims to facilitate an enabling environment for innovative growth-oriented entrepreneurs in the region. She is an accomplished international business incubation and start-up acceleration professional with over fourteen years of experience in building entrepreneurship support programs in emerging markets. Sophia joined WBG in 2012 and has since been actively involved in managing various projects on business incubation and venture acceleration, promotion of digital entrepreneurship and women entrepreneurship in Africa, the Caribbean, Eastern Europe and Central Asia.

Questions Submitted

Jesús Manuel

Submitted 8:31 am, May 1, 2018

great, liked and shared!

Cho Cho

Submitted 6:15 am, January 9, 2018

Great learning for promoting entrepreneurship in the Caribbean, Thanks. Bye

Cho Cho

Submitted 5:56 am, January 9, 2018

What type of the online loan system!!

Cho Cho

Submitted 5:54 am, January 9, 2018

What is the key issue to address after rescission!!

Cho Cho

Submitted 5:51 am, January 9, 2018

For innovative growth oriented entrepreneurs in region, which entrepreneurs need to be financed for recovery?

Cho Cho

Submitted 5:49 am, January 9, 2018

Financial Sector is key for economy and after 2008 crisis, what is the key policy to recovery its economic recession ??


Submitted 6:22 am, July 28, 2017



Submitted 11:59 am, May 23, 2017

like indicated in the opening,the fact that many countries in the globe face unprecedented challenges ranging from unemployment to inequality.my question is , in adressing this issues ,what is more important of the two. adrressin human capitall issues or financial capital issues/


Submitted 12:19 am, May 22, 2017


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