Global Entrepreneurship Monitor (GEM) is a unique and comprehensive attempt to measure entrepreneurial activity, aspirations, and attitudes across the world. It was initiated in 1999, and since then, it has been the most authoritative study on entrepreneurship. GEM’s research is conducted annually in over 100 economies worldwide, incorporating different cultural, political, and socio-economic contexts.
GEM’s mission is to contribute to the global understanding of entrepreneurship and its role in economic development. It provides an evidence-based approach to understanding the contextual and cultural factors that affect entrepreneurial activity, and the impact of entrepreneurship on economic growth, job creation, and innovation.
One of the essential roles of GEM is to shape the future of entrepreneurship by providing policymakers, academics, entrepreneurs, and a range of stakeholders with reliable and up-to-date data on entrepreneurship. GEM collects data on a variety of indicators, including the level of entrepreneurial activity, the quality and quantity of support available, and the attitudes towards entrepreneurship. This data provides a valuable tool for policymakers to improve their policies and create an environment that encourages entrepreneurship.
Moreover, GEM’s research plays an essential role in shaping the future of entrepreneurship by highlighting the challenges that entrepreneurs face in different contexts. For example, GEM’s research shows that women entrepreneurs face unique challenges, such as access to finance, social norms, and gender bias. GEM’s research on women’s entrepreneurship is helping to identify the barriers that women face and shape policies that can support their success.
Furthermore, GEM’s research helps to identify the emerging trends and innovative practices in entrepreneurship. For example, GEM’s research on social entrepreneurship is contributing to a better understanding of this growing field and the potential impact of social entrepreneurship on society.
In conclusion, GEM’s contribution to shaping the future of entrepreneurship is invaluable. The data and insights that GEM provides are essential for policymakers, academics, and entrepreneurs to create an environment that fosters entrepreneurship and supports its growth. GEM’s research helps to highlight the challenges that entrepreneurs face and identify emerging trends and innovative practices. As such, it is essential to continue to support and invest in the GEM initiative.
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