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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| Format: | Publications & Research |
| Language: | English en_US |
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World Bank Group, Washington, DC
2014
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| 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 |
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okr-10986-16665 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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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 |