In 2021-22, the OECD worked with the Portuguese Institute of Employment and Training (Instituto do Emprego e da Formação Profissional, IEFP) to identify what strategic changes could help Portugal boost its youth entrepreneurship policy and contribute to reducing unemployment and supporting innovation. The project included a stakeholder consultation organised with the Better Entrepreneurship Policy Tool with 15 organisations from the national, regional and local governments, civil society organisations and business support organisations.
it also included two international case studies and an action-planning workshop where participants worked with the OECD to identify a way forward, leading to new collaborations. The project findings are summarised in this report: https://www.oecd.org/cfe/smes/OECD2022_Youth_entre_post_COVID_PRT.pdf
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Junior Achievement Cyprus prepared a brief summary of our results in regards to Supporting Youth in Entrepreneurship by using the Better Entrepreneurship Policy Tool. There were 13 participants from Academia & Research (2), Public Administrations (4), Business Support Organizations (6), and Civil Society Organizations (1).
In March, ACH and the OECD held a workshop to discuss immigrant and refugee entrepreneurship support using the Better Entrepreneurship Policy Tool. 12 people representing NGOs (9), HEIs (2) and other (1) completed the self-assessment quiz. The results showed a relatively low score (under 5/10), suggesting participants feel that there are a number of gaps in the current suite of support available to immigrants seeking to start businesses. “Regulations” and “Finance” were ranked the lowest whilst “Strategies” and “Skills” had the highest score.
The questions which received the weakest score (in other words, the biggest perceived bottlenecks) are:
• Business start-up regulations and procedures pose undue difficulties for migrant entrepreneurs.
• The current suite of business development and growth financing offers is not appropriate for various profiles of migrants.
• Entrepreneurship coaching and mentoring offered for migrants is not as effective that it should be.
All the questions related to monitoring and evaluation got a poor score.
Participants identified priorities for actions and next steps. You can read the full summary on the ACH website here: https://ach.org.uk/news-and-features/better-entrepreneurship-policy-tool...
OECD contact: cynthia.lavison@oecd.org
The OECD webinar Webinar "Women's entrepreneurship policies that work for your territory" was organised as part of the March on gender series of events in March 2022. The webinar gathered policymakers from the OECD and beyond to learn about the Tool and test it by reflecting in their respective policy environments for women's entrepreneurship. 5 participants filled out the questionnaire. 2 were from national Public administration, 1 from a Business support organisation, and 2 for other structures..
The average rating was 6.8/10, suggesting participants feel that a solid base of support is in place for women's entrepreneurs, with room for improvement still. Respondents rated regulations for women entrepreneurs as very supportive (8.5/10) while they felt that there was a need for more support regarding access to skills (5.1/10) and the development of a supportive culture for women entrepreneurship (5.2/10). Contact cynthia.lavison@oecd.org to learn more about how to use the tool, or to share your experience with it, the OECD is keen on hearing how it is used on the ground!
22 participants took part in the event held to review the self-assessment exercise of which 6 were from other regions.
The panel was made of: 2 local public authorities, 3 from RDAs, 3 from universities,6 women entrepreneurs, 2 youth entrepreneurs, 1 entrepreneur coaching young ones, 2 Business angels, 1 bank, 1 accelerator, 1 TTO representative.
The discussion led to identify small and easy to implement measures to support locally would-be entrepreneur and newly created businesses, such as:
-launching an awareness campaign by publishing articles in various media, including social media, to present youth and women successful entrepreneurs. This can be done by the Chamber of Commerce and the RDA.
-organising an annual award event to reward several type of entrepreneurs,
-increasing the possibility to have more physical networking opportunities. This should be organised in a way that young entrepreneurs can meet with experience entrepreneurs.