Electricity and other infrastructure are usually unstable. The business mentors and training are insufficient. Funding is a little bit hard to come by. Nothing makes the process of running a business easier. The government regulations may suggest unnecessary barriers to launching a new company.
At the Global Entrepreneurship Summit or GES, the World Bank Group’s participation helped demonstrate different efforts to motivate and support entrepreneurship from all across the world to overcome these obstacles and barriers to expansion and to improve or develop their innovative and fresh businesses.
These involved a few initiatives of the Trade and Competitiveness Global Practice concentrated on creating favorable ecosystems through training programs for arising startups, innovation hubs, and a global network of business incubators in the digital, clean-tech, and agribusiness fields.
A few entrepreneurs from this network shared their positive experiences at the GES event. One of these entrepreneurs is Kenia Mattis, who competed in the eight-month Women Innovators in the Caribbean Acceleration Program and was able to win $15.000 at the Spark the Fire summit for her literacy startup called ListenMi.
All of these entrepreneurs remind us that the talent is global, however, the opportunity is not. So, if you notice a good business opportunity, grab it and do something with it!
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