Latest News
- Internet Censorship Pact Condemned By MP-elect Bushehri
- Police Arrest Two Men Previously Convicted In Misdemeanor Cases
- The Theft Of 50 Birds In Kuwait’s Barr Abdaliyah Area
- Anti-Corruption Authority Efforts Embrace An Integrated Work Sys...
- European Union Keen On Exempting Kuwaitis From Schengen Visa
- Expat Admits Killing His Compatriot In A Quarrel Over Cash
- Decomposed Corpse Of A Girl Found In Nugra Flat
- 4.4% Private Sector Employment Sparks Concerns In Kuwait
- CSC Separates Job Appointments From Specific Agencies
- Municipality Shuts Store And Issues 23 Violations
- Kuwaiti Tweeter Jailed For Insulting Rulers, Judiciary, And Nati...
- MoH Opens Registration For Scholarships And Study Leaves
Kfas Launches Global Monitor; Kuwaiti Youths See Future In Entrepreneurship
Youth, in particular, consider entrepreneurship as means to achieve their personal and professionals aspirations and contribute to socio-economic development. The Global Entrepreneurship Monitor – Kuwait National 2020 Report is the first research project to empirically measure perspectives of the entrepreneurial ecosystem in Kuwait, with a national survey of 2,000 participants and whose 2020 research findings are benchmarked across 120 economies.
The research project was funded by KFAS and was conducted by Boxhill College Kuwait and Global Entrepreneurship Monitor, which was established in 1999 as research venture between Babson College and London Business School. HE Dr Khaled Al-Fadhel said that KFAS is very proud to support the first GEM report in Kuwait which provides valuable data and insight to inform leaders, from the government, public and private sectors, including policy makers, on how to form a harmonized entrepreneurial ecosystem as a means to foster national development. The GEM 2020 report found in Kuwait, there is a favourable perception, locally, regarding entrepreneurship.
Of those surveyed, 60% felt that the entrepreneurial ecosystem provides good conditions for starting a business in Kuwait. The report also found that those between the ages of 18 to 24 have entrepreneurial intentions, indicating that the youth, in particular, consider entrepreneurship as means to achieve their personal and professionals aspirations and contribute to socioeconomic development. This is particularly exciting, for the engagement and involvement of youth in entrepreneurial activities is pertinent to the sustainability and long-term development of Kuwait.
The report also addresses the impact of the pandemic on the local economy and work, where specific questions were designed to capture the role of entrepreneurship and innovation in addressing the implications of the pandemic. It was noted that a number of new and growing firms are adopted new ways of doing business, and that the pandemic gave rise to new opportunities for entrepreneurs. Both findings highlight the commitment of entrepreneurs to contribute to the national economy, even during a global crisis. In addition, the GEM report increases the access and availability of data on local entrepreneurship and innovation, that is globally benchmarkable.
Â
Â
Â
SOURCEÂ ARABTIMES
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
Comments Post Comment