More Edisons Needed, not Einsteins: By Nastas

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Presentation on the barriers to entrepreneurship in the emerging markets and solutions to overcome.

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More Edisons Needed, not Einsteins: By Nastas

  1. 1. More Edisons, Not Einsteins Needed World Bank Forum: Creating More Entrepreneurs & Innovative JobsIntro comments to presentation by Nastas: This presentation came about from aninvitation from the World Bank after they read about my Master Class titled‘Scaling Up Entrepreneurship,’ that I’ve delivered in Russia, Croatia & Kazakhstan.They asked me to do a short, 15 minute presentation at a World Bank conferencedevoted to the topic of ‘Human Capital Development & Entrepreneurship.’ TheWorld Bank is being asked by member countries to help them Scale UpEntrepreneurship to participate in an increasing knowledge based world andincrease entrepreneurship since investors can’t invest more without an increase inthe # of entrepreneurs creating new start-ups and SMEs.If you have questions, want to engage with me, please write at Tom@IVIpe.com orleave comments to me at www.scalingupinnovation.comBe well and be luckyTom Nastas www.IVIpe.com Info@IVIpe.com
  2. 2. More Edisons, Not Einsteins Needed World Bank Forum: Creating More Entrepreneurs & Innovative Jobs Thomas D. Nastas Tom@IVIpe.com www.IVIpe.com Tel. +1.517.899.1432Innovative Ventures Inc. Haslett, MI. USA1 March 2011 www.IVIpe.com Info@IVIpe.com
  3. 3. IVI History-Funding Entrepreneurs Russia (2005) Shell Technology Ventures Canada (1992) CIS Hi Technology Partnership Initiative: Shell & IVI Europe (1992/94)C$100MM-Canadian Bus. Dev. Bank Tech Fund, $10MM-EU, $5MM Financière St Dominique, Paris USA (1986)The Michigan Product Russia (1997)Dev. Fund ($4MM) HP LP, $30MM-EBRD & USAID Africa (1993/96) E. Africa $5MM, Sub-Saharan, $280MM, South Africa,$30MM, IFC/World Bank
  4. 4. Models of Development
  5. 5. Models of Development
  6. 6. What Worked for Arnold www.IVIpe.com Info@IVIpe.com
  7. 7. Reality: Emerging & Frontier Countries“Croatia is a Country of Savers, not Investors”‘Capital Preservation’ www.IVIpe.com Info@IVIpe.com
  8. 8. To Scale Up Entrepreneurship Realities in the Market: Attitudes to FailureAttitudes to Risk & Uncertainty www.IVIpe.com Info@IVIpe.com
  9. 9. Build Experience:Tolerance to Risk www.IVIpe.com Info@IVIpe.com
  10. 10. Failures are Losers www.IVIpe.com Info@IVIpe.com
  11. 11. Build Experience: Acceptance to Failure20 November 2009
  12. 12. Certaintywww.IVIpe.comInfo@IVIpe.com
  13. 13. Commonality, these Guys?
  14. 14. Spark Points to Break the Cycle
  15. 15. Solution #1: Sell Risk, Not Opportunity Establish Points ofConfidence How James Currier of Tickle did
  16. 16. Solution #2: More Ideas www.IVIpe.com Info@IVIpe.com
  17. 17. How Generate More Ideas? www.IVIpe.com Info@IVIpe.com
  18. 18. Solution #3: EstablishMentoring Organizations www.IVIpe.com Info@IVIpe.com
  19. 19. Entrepreneurs’ Attitude to Life www.IVIpe.com Info@IVIpe.com
  20. 20. Do More, Faster & Cheaper“I would like to live about three hundred years. I think I have enough ideas to last that long.”Thomas Edison in “Thomas Edison: Fire of Genius” www.IVIpe.com Info@IVIpe.com
  21. 21. Let’s Develop Edisons! Thomas D. Nastas Tom@IVIpe.com www.IVIpe.com Tel. +1.517.899.1432Innovative Ventures Inc. Haslett, MI. USA

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