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

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...

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Bibliographic Details
Main Author: Independent Evaluation Group
Format: Publications & Research
Language:English
en_US
Published: World Bank Group, Washington, DC 2014
Subjects:
ICT
Online Access:http://documents.worldbank.org/curated/en/2013/09/18422865/world-bank-group-support-innovation-entrepreneurship-independent-evaluation
http://hdl.handle.net/10986/16665
id okr-10986-16665
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCESS TO FINANCE
ADVISORY SERVICE
ADVISORY SERVICES
BANK FINANCING
BANK LENDING
BANK MANAGEMENT
BEST PRACTICES
BORROWER
BUSINESS DEVELOPMENT
BUSINESS DEVELOPMENT SERVICES
BUSINESS INCUBATORS
BUSINESS MODEL
BUSINESS MODELS
BUSINESS OPPORTUNITIES
BUSINESS PERFORMANCE
BUSINESS SUCCESS
BUSINESS SUPPORT
CAPABILITIES
CAPABILITY
CAPACITY BUILDING
CAPITAL INVESTMENTS
CAPITAL MARKETS
CHANGE PROCESS
COLLABORATION
COMMODITY
COMMUNICATION TECHNOLOGIES
COMMUNICATION TECHNOLOGY
COMMUNICATIONS TECHNOLOGY
COMPETITIVENESS
CONCEPTUAL FRAMEWORK
COST-EFFICIENCIES
DECISION MAKING
DELIVERY METHODS
DEVELOPMENT EFFECTIVENESS
DEVELOPMENT INSTITUTIONS
DEVELOPMENT OF INNOVATION
DEVELOPMENT STRATEGIES
DISCUSSION
DIVERSIFICATION
DOCUMENTS
DOMAIN
DRIVERS
ECONOMIC ACTIVITIES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC OPPORTUNITIES
ELECTRICITY
ELIGIBILITY CRITERIA
EMERGING MARKET ECONOMIES
EMPLOYMENT
EMPLOYMENT OPPORTUNITIES
ENABLING ENVIRONMENT
END USERS
ENTERPRISE DEVELOPMENT
ENTREPRENEUR
ENTREPRENEURS
ENTREPRENEURSHIP
ENTREPRENEURSHIP AGENDA
EQUITY CAPITAL
EQUITY FUNDS
EXPERIMENTATION
EXPORT PROMOTION
EXTREME POVERTY
FARMERS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL PERFORMANCE
FINANCIAL SUPPORT
FINANCING FACILITY
FLEXIBLE FINANCING
FOREIGN DIRECT INVESTMENT
FRAMEWORK FOR INNOVATION
FRONT-END
GLOBAL KNOWLEDGE
GLOBAL MARKETS
GOVERNMENT POLICIES
GROUP KNOWLEDGE
GROUP LEARNING
GROUP LENDING
GROUP PROJECT
GUARANTEE AGENCY
HUMAN CAPITAL
ICT
IDEAS
IMPLEMENTING AGENCIES
INCENTIVE PROBLEMS
INCOME
INCOME CATEGORIES
INCOME GROUP
INFORMATION COMMUNICATIONS
INNOVATION
INNOVATION POLICIES
INNOVATION POLICY
INNOVATION STRATEGIES
INNOVATION STRATEGY
INNOVATIONS
INNOVATIVE PRODUCTS
INSIGHTS
INSTITUTION
INSURANCE
INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY RIGHTS
INTERNATIONAL FINANCE
INVENTION
INVESTMENT CAPITAL
JOB CREATION
KEY PERFORMANCE INDICATORS
KNOWLEDGE ECONOMY
KNOWLEDGE FLOWS
KNOWLEDGE MANAGEMENT
KNOWLEDGE SHARING
KNOWLEDGE TRANSFER
LEARNING
LEARNING ACTIVITIES
LEARNING OPPORTUNITIES
LENDING PORTFOLIO
MANAGEMENT EDUCATION
MANUFACTURING
MARKET INFORMATION
MARKETING
MATCHING GRANTS
NATURAL RESOURCE
NETWORKS
NEW BUSINESS
NEW TECHNOLOGIES
NEW TECHNOLOGY
ORGANIZATIONAL INNOVATIONS
OUTPUTS
PARTNERSHIP AGREEMENT
PERFORMANCES
POLICY ENVIRONMENT
PRACTITIONERS
PRIVATE ENTERPRISES
PRIVATE EQUITY
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRIVATE SECTOR PARTICIPATION
PRIVATE SECTORS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROMOTION ACTIVITIES
PUBLIC INVESTMENT
PUBLIC POLICY
R&D
RESEARCH INFRASTRUCTURE
RESULTS
SOCIAL WELFARE
START-UP
START-UPS
STATISTICAL ANALYSIS
SUPERVISION
SUPPORT FOR INVESTMENT
TACIT KNOWLEDGE
TECHNICAL ASSISTANCE
TECHNOLOGY DEVELOPMENT
TECHNOLOGY TRANSFER
TELECOM
THINK TANKS
USE OF INFORMATION
USERS
USES
VALUE CHAIN
VARIETY
VENTURE CAPITAL
VENTURE CAPITAL FUND
VENTURE CAPITAL FUNDS
VENTURE CAPITAL INVESTMENTS
WORKPLACE
spellingShingle ACCESS TO FINANCE
ADVISORY SERVICE
ADVISORY SERVICES
BANK FINANCING
BANK LENDING
BANK MANAGEMENT
BEST PRACTICES
BORROWER
BUSINESS DEVELOPMENT
BUSINESS DEVELOPMENT SERVICES
BUSINESS INCUBATORS
BUSINESS MODEL
BUSINESS MODELS
BUSINESS OPPORTUNITIES
BUSINESS PERFORMANCE
BUSINESS SUCCESS
BUSINESS SUPPORT
CAPABILITIES
CAPABILITY
CAPACITY BUILDING
CAPITAL INVESTMENTS
CAPITAL MARKETS
CHANGE PROCESS
COLLABORATION
COMMODITY
COMMUNICATION TECHNOLOGIES
COMMUNICATION TECHNOLOGY
COMMUNICATIONS TECHNOLOGY
COMPETITIVENESS
CONCEPTUAL FRAMEWORK
COST-EFFICIENCIES
DECISION MAKING
DELIVERY METHODS
DEVELOPMENT EFFECTIVENESS
DEVELOPMENT INSTITUTIONS
DEVELOPMENT OF INNOVATION
DEVELOPMENT STRATEGIES
DISCUSSION
DIVERSIFICATION
DOCUMENTS
DOMAIN
DRIVERS
ECONOMIC ACTIVITIES
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC OPPORTUNITIES
ELECTRICITY
ELIGIBILITY CRITERIA
EMERGING MARKET ECONOMIES
EMPLOYMENT
EMPLOYMENT OPPORTUNITIES
ENABLING ENVIRONMENT
END USERS
ENTERPRISE DEVELOPMENT
ENTREPRENEUR
ENTREPRENEURS
ENTREPRENEURSHIP
ENTREPRENEURSHIP AGENDA
EQUITY CAPITAL
EQUITY FUNDS
EXPERIMENTATION
EXPORT PROMOTION
EXTREME POVERTY
FARMERS
FINANCIAL INSTITUTIONS
FINANCIAL MARKETS
FINANCIAL PERFORMANCE
FINANCIAL SUPPORT
FINANCING FACILITY
FLEXIBLE FINANCING
FOREIGN DIRECT INVESTMENT
FRAMEWORK FOR INNOVATION
FRONT-END
GLOBAL KNOWLEDGE
GLOBAL MARKETS
GOVERNMENT POLICIES
GROUP KNOWLEDGE
GROUP LEARNING
GROUP LENDING
GROUP PROJECT
GUARANTEE AGENCY
HUMAN CAPITAL
ICT
IDEAS
IMPLEMENTING AGENCIES
INCENTIVE PROBLEMS
INCOME
INCOME CATEGORIES
INCOME GROUP
INFORMATION COMMUNICATIONS
INNOVATION
INNOVATION POLICIES
INNOVATION POLICY
INNOVATION STRATEGIES
INNOVATION STRATEGY
INNOVATIONS
INNOVATIVE PRODUCTS
INSIGHTS
INSTITUTION
INSURANCE
INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY RIGHTS
INTERNATIONAL FINANCE
INVENTION
INVESTMENT CAPITAL
JOB CREATION
KEY PERFORMANCE INDICATORS
KNOWLEDGE ECONOMY
KNOWLEDGE FLOWS
KNOWLEDGE MANAGEMENT
KNOWLEDGE SHARING
KNOWLEDGE TRANSFER
LEARNING
LEARNING ACTIVITIES
LEARNING OPPORTUNITIES
LENDING PORTFOLIO
MANAGEMENT EDUCATION
MANUFACTURING
MARKET INFORMATION
MARKETING
MATCHING GRANTS
NATURAL RESOURCE
NETWORKS
NEW BUSINESS
NEW TECHNOLOGIES
NEW TECHNOLOGY
ORGANIZATIONAL INNOVATIONS
OUTPUTS
PARTNERSHIP AGREEMENT
PERFORMANCES
POLICY ENVIRONMENT
PRACTITIONERS
PRIVATE ENTERPRISES
PRIVATE EQUITY
PRIVATE SECTOR
PRIVATE SECTOR DEVELOPMENT
PRIVATE SECTOR PARTICIPATION
PRIVATE SECTORS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROMOTION ACTIVITIES
PUBLIC INVESTMENT
PUBLIC POLICY
R&D
RESEARCH INFRASTRUCTURE
RESULTS
SOCIAL WELFARE
START-UP
START-UPS
STATISTICAL ANALYSIS
SUPERVISION
SUPPORT FOR INVESTMENT
TACIT KNOWLEDGE
TECHNICAL ASSISTANCE
TECHNOLOGY DEVELOPMENT
TECHNOLOGY TRANSFER
TELECOM
THINK TANKS
USE OF INFORMATION
USERS
USES
VALUE CHAIN
VARIETY
VENTURE CAPITAL
VENTURE CAPITAL FUND
VENTURE CAPITAL FUNDS
VENTURE CAPITAL INVESTMENTS
WORKPLACE
Independent Evaluation Group
World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
description 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.
format Publications & Research
author Independent Evaluation Group
author_facet Independent Evaluation Group
author_sort Independent Evaluation Group
title World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
title_short World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
title_full World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
title_fullStr World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
title_full_unstemmed World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation
title_sort world bank group support for innovation and entrepreneurship : an independent evaluation
publisher World Bank Group, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2013/09/18422865/world-bank-group-support-innovation-entrepreneurship-independent-evaluation
http://hdl.handle.net/10986/16665
_version_ 1764433653055619072
spelling okr-10986-166652021-04-23T14:03:30Z World Bank Group Support for Innovation and Entrepreneurship : An Independent Evaluation Independent Evaluation Group ACCESS TO FINANCE ADVISORY SERVICE ADVISORY SERVICES BANK FINANCING BANK LENDING BANK MANAGEMENT BEST PRACTICES BORROWER BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICES BUSINESS INCUBATORS BUSINESS MODEL BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESS PERFORMANCE BUSINESS SUCCESS BUSINESS SUPPORT CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL INVESTMENTS CAPITAL MARKETS CHANGE PROCESS COLLABORATION COMMODITY COMMUNICATION TECHNOLOGIES COMMUNICATION TECHNOLOGY COMMUNICATIONS TECHNOLOGY COMPETITIVENESS CONCEPTUAL FRAMEWORK COST-EFFICIENCIES DECISION MAKING DELIVERY METHODS DEVELOPMENT EFFECTIVENESS DEVELOPMENT INSTITUTIONS DEVELOPMENT OF INNOVATION DEVELOPMENT STRATEGIES DISCUSSION DIVERSIFICATION DOCUMENTS DOMAIN DRIVERS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ELECTRICITY ELIGIBILITY CRITERIA EMERGING MARKET ECONOMIES EMPLOYMENT EMPLOYMENT OPPORTUNITIES ENABLING ENVIRONMENT END USERS ENTERPRISE DEVELOPMENT ENTREPRENEUR ENTREPRENEURS ENTREPRENEURSHIP ENTREPRENEURSHIP AGENDA EQUITY CAPITAL EQUITY FUNDS EXPERIMENTATION EXPORT PROMOTION EXTREME POVERTY FARMERS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SUPPORT FINANCING FACILITY FLEXIBLE FINANCING FOREIGN DIRECT INVESTMENT FRAMEWORK FOR INNOVATION FRONT-END GLOBAL KNOWLEDGE GLOBAL MARKETS GOVERNMENT POLICIES GROUP KNOWLEDGE GROUP LEARNING GROUP LENDING GROUP PROJECT GUARANTEE AGENCY HUMAN CAPITAL ICT IDEAS IMPLEMENTING AGENCIES INCENTIVE PROBLEMS INCOME INCOME CATEGORIES INCOME GROUP INFORMATION COMMUNICATIONS INNOVATION INNOVATION POLICIES INNOVATION POLICY INNOVATION STRATEGIES INNOVATION STRATEGY INNOVATIONS INNOVATIVE PRODUCTS INSIGHTS INSTITUTION INSURANCE INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL FINANCE INVENTION INVESTMENT CAPITAL JOB CREATION KEY PERFORMANCE INDICATORS KNOWLEDGE ECONOMY KNOWLEDGE FLOWS KNOWLEDGE MANAGEMENT KNOWLEDGE SHARING KNOWLEDGE TRANSFER LEARNING LEARNING ACTIVITIES LEARNING OPPORTUNITIES LENDING PORTFOLIO MANAGEMENT EDUCATION MANUFACTURING MARKET INFORMATION MARKETING MATCHING GRANTS NATURAL RESOURCE NETWORKS NEW BUSINESS NEW TECHNOLOGIES NEW TECHNOLOGY ORGANIZATIONAL INNOVATIONS OUTPUTS PARTNERSHIP AGREEMENT PERFORMANCES POLICY ENVIRONMENT PRACTITIONERS PRIVATE ENTERPRISES PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR PARTICIPATION PRIVATE SECTORS PRODUCTIVITY PRODUCTIVITY GROWTH PROMOTION ACTIVITIES PUBLIC INVESTMENT PUBLIC POLICY R&D RESEARCH INFRASTRUCTURE RESULTS SOCIAL WELFARE START-UP START-UPS STATISTICAL ANALYSIS SUPERVISION SUPPORT FOR INVESTMENT TACIT KNOWLEDGE TECHNICAL ASSISTANCE TECHNOLOGY DEVELOPMENT TECHNOLOGY TRANSFER TELECOM THINK TANKS USE OF INFORMATION USERS USES VALUE CHAIN VARIETY VENTURE CAPITAL VENTURE CAPITAL FUND VENTURE CAPITAL FUNDS VENTURE CAPITAL INVESTMENTS WORKPLACE 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. 2014-01-29T01:40:41Z 2014-01-29T01:40:41Z 2013-09 http://documents.worldbank.org/curated/en/2013/09/18422865/world-bank-group-support-innovation-entrepreneurship-independent-evaluation 978-1-4648-0136-5 10.1596/978-1-4648-0136-5 http://hdl.handle.net/10986/16665 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Group, Washington, DC Publications & Research Publications & Research :: Publication