World Bank Annual Meetings
Strengthening the Entrepreneurial Ecosystem in Developing Countries: Stakes and Opportunities for Financing Social Innovation and Climate Change Resilience.
October 4, 2021
10am – 11:30 am Washington D.C Time (2pm – 3:30pm GMT)
Of the 2,000 technology incubators and 150 accelerators that exist worldwide, fewer than 70 are climate technology incubators and accelerators, and only 25 of these are located in developing countries (UNFCCC, 2018b). The expansion of these business support structures remains limited in developing countries due to a number of constraints they face. Being mostly very young, they remain isolated in the different countries and operate at very heterogeneous levels of professionalism, with a lack of resources or adapted tools. As a result, business support structures do not allow beneficiary entrepreneurs to overcome the main challenges of the entire entrepreneurial ecosystem. The main problem is that of funding to deal with the risks associated with the process of technological innovation, particularly with regard to the climate. Indeed, business support structures have the primary aim of catalysing the development of more sustainable and inclusive societies. They thus have a significant role to play in the creation of low-emission and climate-resilient technologies.
The main objective of this event is to provide a platform for high-level experts to discuss the requirements of strengthening the entrepreneurial ecosystem in developing countries. The discussion will focus on the stakes and opportunities for financing social innovation and climate change resilience.
More specifically, it will provide an opportunity to:
- Analyse the models of business support in Africa and their compatibility with the economic and entrepreneurial realities of the continent;
- Present the risks associated with the process of technological innovation and ways to improve their impact;
- Discuss the importance of catalysing the financial capacity of business support structures in the developing countries in order to reduce risk associated with technological innovation;
- Exchange ways for existing business support structures to attract the public and private funding needed to turn their ideas into solutions.
Format of the event
This event represents a platform par excellence for non-politicized discussions based on evidence, facts, and statistics. The format of the 90-minutes discussion is as follows:
- The panel will constitute four experts and one moderator. Following an opening statement expected to last 3 minutes, each panellist will have 5 minutes per question, with follow up questions and assessments to ensure that we address issues related to strengthening the entrepreneurial ecosystem in developing countries.
- The entire discussion will be video recorded and streamed live on the social media platforms of the World Bank and the Denis & Lenora Foretia Foundation. During this discussion, the panelists will argue their points of view based on facts, statistics and experiences. PowerPoint presentations will not be allowed.