One piece of research that liked very much at the RENT conference in Bodo was that of Tatiana Iokavleka : “Entrepreneurial intentions in post-soviet economies”. She conducted a research in 4 countries and asked 583 respondents a single question: “What is the single biggest barrier for you to become an entrepreneur?”
Interestingly, for all 4 countries, 4 answers came back over and over again and contributed 60% of the results : risk aversion, lack of capital, lack of motivation, lack of knowledge.
More interesting however were the differences Tatiana found between innovation-driven (developed) and efficiency-driven (developing) countries. Lack of motivation was for instance significantly higher in developed countries than in developing countries, suggesting perhaps that the cultural and political (communist) background plays a role in the willingness to start its own business.
What do we do in eastern Europe to tackle those hurdles and make sure we sustain innovation?
This presentation remembered me of a Romanian friend of mine who, besides his job as a manager in a well-known company, detected an opportunity and find smart ways to exploit it. This opportunity revolves around the Romanian community of Brussels and I must admit I’m impressed by his energy to start highly visible venture.Tags: entrepreneurship