GEDI INDEXEnterprise is a crucial engine of economic growth. Without enterprise and entrepreneurs, there would be all little innovation, productivity growth and new jobs.
Entrepreneurial success does not take place in a vacuum. Entrepreneurs exist in the context of their particular geography – be that their local, national, or even supranational economy and society.
This mix of attitudes, resources, and infrastructure is known as the entrepreneurship ‘ecosystem’. The Global Entrepreneurship Index is an annual index that measures the health of the entrepreneurship ecosystems in each of 120 countries. It then ranks the performance of these against each other. This provides a picture of how each country performs in both the domestic and international context.
Entrepreneurship With Better Benefits
InstituteThe Global Entrepreneurship and Development Institute (GEDI) is a research organisation that advances knowledge on links between entrepreneurship, economic development and prosperity. The institute was founded by world-leading entrepreneurship scholars from the LSE, George Mason University, University of Pécs and Imperial College London.
The main contribution of The GEDI Institute is the GEI index, a breakthrough advance in measuring the quality and dynamics of entrepreneurship ecosystems at a national, regional and local level. The GEI index methodology, has been validated in rigorous academic peer reviews and has been widely reported in media, including in The Economist, The Wall Street Journal, Financial Times and Forbes (see media tab).
MethodologyThe methodology has also been endorsed by the European Commission and has been used to inform the allocation of EU Structural and Cohesion Funds. The theoretical approach of The GEDI Institute has also influenced entrepreneurship policy thinking in trans-national organisations such as United Nations Conference on Trade and Development. Further details can be found in the research tab.
The GEDI methodology collects data on the entrepreneurial attitudes, abilities and aspirations of the local population and then weights these against the prevailing social and economic ‘infrastructure’ – this includes aspects such as broadband connectivity and the transport links to external markets. This process creates 14 ‘pillars’ which GEDI uses to measure the health of the regional ecosystem.
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