- In Archive
- 2015-09-26 21:31:21
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After Prof. Andonova's introduction, Iskren and Mira Krusteff took the word. They talked about GEM and how it can help Bulgarian entrepreneurs to succeed. GEM analyses entrepreneurial ecosystems and offers solutions and recommendations for their development. The purpose of GEM is to expand the elements, forming the economic ecosystem in a balanced and scalable way. Its main goal is to raise awareness of the importance of entrepreneurship. GEM started as a joint project between Babson College (U.S.) and London Business School (U.K.) and began presenting global analysis in 1999. Iskren Krusteff suggested how important is the ecosystem for the country and introduced the three major objectives of GEM, which are “to measure differences in the level of entrepreneurial activity between countries, to uncover factors leading to appropriate levels of entrepreneurship, and to suggest policies that may enhance the national level of entrepreneurial activity.”
GEM helps businesses by measuring nine following framework conditions: culture and social norms, government programs, legal and commercial infrastructure, government policy, physical infrastructure, entrepreneurship education, market openness, research and development transfer, and entrepreneurial finance. GEM is currently active in over 85 economies. There are over 500 specialists in the sphere of entrepreneurial research collecting high-quality data who implement the GEM survey in their economies, allowing reliable international comparison to be made. A Q&A followed the overview of GEM. Artem Eremin, a fourth-year student at AUBG, asked about the main barriers to establish GEM in some countries. Mira Krusteff answered that in order to do that "you need a group of people to take on the opportunity to become GEM team." Another question was asked by AUBG graduate Teodor Dimitrov. He asked about Bulgaria's position within the stages of economic development. Iskren Krusteff said that until this year no one knew the stage Bulgaria was at; however, it is likely to be at the efficiency-driven stage. Iskren Krusteff closed the event by leaving a message to the students, “Build sustainable companies. Be the inspiration for others.”