No future for entrepreneurs in Spain?

692 1.074

Posted Apr 27, 2010 21:55

The rate of entrepreneurial activity in Spain fell by 27.1% between July 2008 and July 2009 according to findings set out in the 2009 GEM Report presented today by IE Business School.

27%?!

I understand that with the bureaucracy and the family-oriented nature of business, it's always been fairly difficult for expats to start businesses. But with this significant drop, I'd say it's just about impossible.

I wonder if IE can justify keeping its "Venture Lab" open.

<blockquote>The rate of entrepreneurial activity in Spain fell by 27.1% between July 2008 and July 2009 according to findings set out in the 2009 GEM Report presented today by IE Business School.</blockquote>

27%?!

I understand that with the bureaucracy and the family-oriented nature of business, it's always been fairly difficult for expats to start businesses. But with this significant drop, I'd say it's just about impossible.

I wonder if IE can justify keeping its "Venture Lab" open.

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sally

141 281

Posted Apr 28, 2010 04:59

um, isn't this statistic justification for creating more efforts, such as the Venture Lab, to spur more entrepreneurship in Spain?

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ralph

692 1.074

Posted Apr 28, 2010 17:58

Good point.

The question is where is the point where it becomes not viable? I guess it depends on how much it costs IE to fund the venture lab.

However, I do think it is good that IE has been partnering with Babson in its efforts, because the spirit of entrepreneurship is only strengthened by international cooperation.

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