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Success Stories: Two Regions that are turning entrepreneurship into economic growth



Regional economic development remains an elusive objective for most public and private leaders around the world. What is becoming apparent to many is that the accepted strategies – attracting investment, providing financial incentives, encouraging startups, subsidizing small businesses – have all yielded disappointing, if any, results. A recent report, for example, showed that New York’s startup initiative spent $28 million but created only 76 jobs in two years. This is just one example of many.

Nevertheless, we also know that successfully growing companies, entrepreneurial ventures of all sizes, ages and sectors can play a unique and catalytic role in stimulating regional growth. The question is, how to bring this general observation into systematic, replicable methods for stimulating entrepreneurship driven programs that deliver real results?

This webinar will highlight two very different regions that are successfully turning entrepreneurship into an economic engine for growth: Milwaukee, Wisconsin and Manizales, Colombia.

Key elements of their success include:

  • ​New strategies for developing robust and sustainable entrepreneurship ecosystems
  • Action planning for identifying and activating the entrepreneurship stakeholders
  • A keen understanding the nature of entrepreneurship and the entrepreneurial mindset
  • Participants will leave the webinar with several practical principles for starting growth-driven project in their regions. Additionally, this session will provide a preview of Babson’s Driving Economic Growth Through Entrepreneurship Ecosystems three-day program, running on campus from February 29 – March 2, 2016.

About the Presenter

Dan Isenberg 3Daniel Isenberg is Professor of Entrepreneurship Practice at Babson Executive and Enterprise Education. Since 1981 Daniel has taught at Harvard, Columbia, INSEAD, and the Technion, and has been an entrepreneur and venture capitalist in Israel, and has been an angel investor in over ten countries. Daniel is a frequent participant at Davos and the G20 and blogs for HBR, Huffington Post and others. In 2009 Daniel established the Babson Entrepreneurship Ecosystem Project (BEEP) to help societies around the world create the policies, structures, programs, and climate that foster entrepreneurship. In this capacity, he has conducted projects in numerous countries, including Colombia, Brazil, Denmark, Canada, and the United States. Daniel has published several seminal articles in the Harvard Business Review, including “Entrepreneurs and the Cult of Failure,” “How to Start an Entrepreneurial Revolution,” and “The Global Entrepreneur.” He is also the author of the Harvard Business Review Press book, Worthless, Impossible, and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value. Daniel holds the Ph.D. in social psychology from Harvard University. ​​​