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Global Entrepreneurship and Development PDF Print E-mail
Written by David Brunnen   
Tuesday, 24 April 2012 16:10

Head of CommunicationsToday London’s Imperial College Business School hosted a seminar on entrepreneurship and explores GEDI - an index methodology for analysis of global relativities in venture innovation and development.

The results for their 2012 report are fascinating – placing Scandinavian countries high in the global league table (up there with Taiwan and Singapore) and raising countless questions about the roots of these successes.

The GEDI methodology attempts to weigh all manner of factors that might bear on entrepreneurial success. The index has 3 sub-indices: for Attitudes, Aspirations and Activities and, with the UK at 14th in the global rankings, it highlights a number of bottlenecks that could have scope for policy initiatives.

Most of the UK’s strengths appear in the Activities index and our Aspirations and Attitude scores have suffered more than others from the financial crisis with below par scores in Risk Capital, Process innovation and a general lack of growth.

What is, however, intriguing is that 9 of the 13 countries ahead of the UK in the global rankings have significantly higher-performing digital access networks. The UK, US, Australia and Canada currently languish at less than half of the average Internet speeds experienced in the other leading countries but apart from the UK they have other factors which compensate for the digital infrastructure shortcomings.

It would, of course be mistaken to attribute the UK’s entrepreneurial deterioration entirely to digital infrastructural weakness and, in other recent reports, there is some credit given for the intensity with which UK citizens make good use of online facilities.

It would also be mistaken to make an assessment based only on headline download speeds.  Upload speeds and responsiveness are also highly relevant to innovators and SMEs.  And some allowance might perhaps be made for the lag in infrastructure investment – the GEDI outcome assessments are based on mid-2010 data and the network performance figures are current and real.

But, and it’s rapidly becoming a very big but, the route out of the economic deficit with a return to growth, increasingly seems to demand the pre-requisite of accelerated treatment of the digital deficit.

As European Commission vice-president Neelie Kroes said today in CopenhagenMy message is simple: to think about the future economy, you must take account of the digital revolution. In short, the Internet is changing our economy, changing our opportunities, and changing our world.”


This editorial was written for members of the UK's Communications Management Association – a part of the BCS, the chartered society for ICT professionals.

Readers of this editorial also viewed: ‘Slowly the Penny Drops’ and 'Mega news - well used but a bit slow'

The quoted speech by Neelie Kroes was given to the COSAC Conference of National Parliaments 24th April 2012.

Last Updated on Thursday, 26 April 2012 08:23

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