CANADA GEM Canada Report 2013 (Global Entrepreneurship Monitor) Peter Josty Executive Director, The Centre for Innovation Studies (THECIS) Cooper Langford, Faculty Professor, University of Calgary Étienne St-Jean Professor, UQTR, Trois Rivières Calgary, April 9 2014 1 CANADA What is GEM? •World’s largest study of entrepreneurship. •2013 was 15th year •70 countries in 2013 •197,000 interviews with individuals •3,800 interviews with experts •Covers 90% of global economy. •Unique: focus on individual, international aspect 2 CANADA In Canada • • • Re-joined GEM in 2013, absent since 2003 Study of Canada plus 7 provinces – BC, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Newfoundland. There will be detailed provincial reports issued later this year. 3 CANADA Purpose of GEM Better understand the linkages between entrepreneurship and economic development Three main objectives: • To measure differences in the level of entrepreneurial activity between countries • To uncover factors leading to appropriate levels of entrepreneurship • To suggest policies that may enhance the national level of entrepreneurial activity. 4 CANADA GEM Methodology •Survey of the adult population – to provide information on entrepreneurial activity. •Survey of experts – to provide information on the context and environment in which entrepreneurship takes place. •Incorporated into a report together with other relevant information from sources such as Statistics Canada, etc. 5 CANADA GEM’s definition of entrepreneurship: “Any attempt at new business or venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals or an established business.” 6 CANADA Agenda for today •Entrepreneurial attitudes. •Entrepreneurial activity •Entrepreneurial aspirations •Entrepreneurial framework conditions •Special topics for 2013 • Entrepreneurship by immigrants • Youth entrepreneurship • Entrepreneurship and well being •Provincial summary •Recommendations 7 CANADA Attitudes 8 CANADA Activity 9 CANADA Activity 10 CANADA Distribution over sectors 11 CANADA Total Entrepreneurial Activity Index (TEA) by age 12 CANADA Innovation related measures CA New product or market High or medium technology US UK G F IT JP 32.4 34.2 27.9 26.0 27.6 19.0 22.4 8.7 7.5 4.9 6.1 9.6 3.6 12.3 13 CANADA Gender comparisons Canada US UK Germany France Italy Japan TEA - % male adult population TEA - % female adult population 15 15 9 6 6 5 5 10 10 6 4 3 2 3 14 CANADA Education 15 CANADA Income 16 CANADA High Growth entrepreneurship 17 CANADA Aspirations 18 CANADA Framework for entrepreneurship - Finance 19 CANADA Climate for entrepreneurship – Gov’t programs and policies 20 CANADA Overall rating of framework themes 21 CANADA Special topic: Entrepreneurship by immigrants Immigrants First Second generation generation immigrant immigrant TEA 13.1 14.3 11.7 Youth 18-34 5.0 5.4 4.5 22 CANADA Special Topic: Youth entrepreneurship – youth preparation for entrepreneurship 23 CANADA Special topic: Wellbeing 24 CANADA Life satisfaction and work balance 25 CANADA Provincial summary (TEA) 26 CANADA Other provincial comparisons 27 CANADA Recommendations 1. 2. 3. 4. 5. 6. 7. Focus Government policies on innovative firms with growth potential. Use Government procurement to develop young innovative firms. Reduce red tape to facilitate innovative young firms. Expand education to foster entrepreneurial attitude in K12 and post secondary Build a uniquely Canadian innovation strategy. Better understand the relationship between innovation and entrepreneurship. Improve the climate for female entrepreneurs 28 CANADA GEM Canada Team 29 CANADA Thank you to the report funders 30 CANADA Thankyou. Peter Josty p.josty@thecis.ca Cooper Langford chlangfo@ucalgary.ca Étienne St-Jean etienne.st-jean@uqtr.ca 31