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Missing Piece in MENA’s Entrepreneurship Ecosystem Puzzle Webinar Presentation

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Missing Piece in MENA’s Entrepreneurship Ecosystem Puzzle Webinar Presentation

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Further to the release of our recent report, “Nurturing Human Capital: the Missing Piece of MENA’s Entrepreneurship Puzzle”, we hosted a webinar which was chaired by Tony Bury, Mowgli’s Founder and Chairman. Tony shared our thoughts and insights from the report and created an active dialogue around this key missing piece of the puzzle.

Further to the release of our recent report, “Nurturing Human Capital: the Missing Piece of MENA’s Entrepreneurship Puzzle”, we hosted a webinar which was chaired by Tony Bury, Mowgli’s Founder and Chairman. Tony shared our thoughts and insights from the report and created an active dialogue around this key missing piece of the puzzle.

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Missing Piece in MENA’s Entrepreneurship Ecosystem Puzzle Webinar Presentation

  1. 1. 1© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Missing Piece in MENA’s Entrepreneurship Ecosystem Puzzle? Webinar #MowgliWebinar May 31st 2016
  2. 2. 50 years
  3. 3. 3 The stark reality of MENA does not look promising © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  4. 4. • Unemployment levels in MENA – one of the highest in the world at 11.7% • Youth unemployment in MENA > 28 % • 2015 - one million refugees migrated to Europe • 2016 - ? Million refuges • Increasing unemployment challenges across Europe Unemployment and mass migration are significantly affecting MENA and the world’s economies 4© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  5. 5. 5 Why do we need entrepreneurs and leaders in society? Wealth creation Economic regeneration through innovation Creation of employment Philanthropy; financial and social, creating a better world Passionate belief in social democracy and empowerment © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  6. 6. 6 We need a balanced ecosystem with equal importance placed on the development of human capacity as well as financing Source: Mowgli 2013 © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Entrepreneurship Ecosystem Environment Parenting Education Peer Group Voice Society/ Culture Role Models Academia Finance Private Equity Venture Capital Debt/Loans Supply Chain Finance Working Capital Angel Investment Leasing Credit Bureaus Capital Markets Capital Financial Services Human Capital Mentoring Capacity Building Governance Innovation Networking Knowledge Application Development Resource Productivity Information Advice Coaching Training Incubation Stable Democracy Favourable Tax PolicyEnabling Environment Infrastructure Rule of Law Government & Policy Competition Policy Property Rights Cross Border Trade Domestic Access to Market Telecoms/Int ernet Transport Power & Water
  7. 7. 7© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Source: Joseph Campbell The Hero’s Journey
  8. 8. How do these budding entrepreneurs within MENA feel when taking on the entrepreneurial challenges? 8© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  9. 9. 9 If entrepreneurs do not have the relevant human capability and/or inner strength, motivation and hope, then financially investing in them is unlikely to be successful Source: Mowgli 2016 Four Phases of Entrepreneurial Nurturing The vast majority of entrepreneurs are born with certain genes that will strengthen their entrepreneurial traits, but that truly successful entrepreneurs are created through nurturing. So what do we mean by ‘nurture’? We believe that there are four stages: © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  10. 10. 10© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. So how can they build this relevant human capability and/or inner strength, motivation and hope? Source: Mowgli 2015 Coaching: Consulting: Training: Mentoring: • Short to medium term • Focused on skill development • Structured and task/goal orientated • Transactional • 1-way value flow (typically) • Short to medium term • Focused on specific experience/knowledge transfer • More casual relationship • Listen less and talk more • 1-way value flow • Short-term • Formal relationship • Based on defined learning objectives • Focused on transfer on knowledge • 1-way value flow • Holistic long-term trust-based relationship • Focused on empowerment of the mentee’s core; growth, leadership and behaviours • Mentor provides hope, confidence and motivation • Mentor receives no payment, purely voluntary • Relationship orientated • 2-way value flow
  11. 11. 11© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Source: Mowgli 2016 • Skills and knowledge are typically gained through activities such as reading, training and listening to advice where the feedback is provided through a test or formal assessment • Behaviours are typically developed through experiences and can only be assessed with feedback provided and acted upon through forms of coaching and mentoring Competency comprises three components; skills, knowledge and behaviours
  12. 12. The Role Model The Investor The Mentor ?The Entrepreneur What kind of entrepreneur would you be if you had: 12© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  13. 13. 13© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  14. 14. World Class Architect and Entrepreneur Zaha Hadid’s longstanding friend and mentor, Rem Koolhas 14© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Rem spoke so highly of Zaha: "She was basically family” "She was somebody with a rare kind of courage,” “The relationship was based on shared ambition, shared empathy, shared interest and a shared motivation to challenge the same things” "I think she made an enormous contribution as a woman, but her greatest contribution is as an architect.”
  15. 15. Mowgli focuses on the core development of human capacity and leadership to compliment other entrepreneur support initiatives Mowgli provides mentoring programs that inspire, connect and guide entrepreneurs and leaders to overcome life's personal and business challenges through the: Experiential training & nurturing of selected mentors Strengthening of entrepreneurs and their businesses Building of a global community 15© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  16. 16. Start Up Growth Success 16 Source: Critical Phases of an Entrepreneur’s Life and the Impact of a Mentor, Mowgli 2011 © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. There are the 3 critical phases of an entrepreneur’s journey when they need a mentor
  17. 17. 17 In 8 years, we have engage with 14 countries…. © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. 915 795 1710 Alumni Source: Mowgli 2016 Now: Scale up and empower others Then: Pilot and Prove the Concept
  18. 18. 18 Mowgli seeks and achieves impact in 3 key areas for both entrepreneurs and mentors © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  19. 19. In 8 years, we’ve achieved our original goals and created greater impact than we ever dreamed of! 19© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Create awareness of the value of mentoring across MENA Provide experience of the power of mentoring Develop a tailored/robust set of programs for different needs Develop local sustainability through a pool of Mowgli trained facilitators to deliver in Arabic, English and French Measure the impact that entrepreneurial mentoring has on economic growth Develop institutionalized processes and knowledge to optimise the impact of mentoring investment Understand the region’s entrepreneurship ecosystems and develop an extensive network Set the “benchmark” for mentoring across MENA
  20. 20. One of our entrepreneurs wanted to share his experiences of mentoring “We had just won the KAAYIA Award in Sudan, a place where in 2013 entrepreneurship was unheard of. A year and a half later, as a doctor who had his career already set out for him, my life took a drastic yet amazing turn. In this time we won first place in the MIT Award, were named one of the 500 fastest growing companies in the MENA region. I was voted as one of the 10 most influential under 30 in the Arab region and we were approached by more than 7 VC companies willing to invest millions of dollars in a company started with USD 500 and some change. It didn’t stop there and we continued winning awards, including the Best Medical Services Company in the MENA region. I personally attribute 100% of my achievements during this year to my mentoring relationship. Mowgli was my first and only mentoring program and what I got from it was... priceless:”. Mazan Khalil, Founder & CEO of SudaMed, Sudan, & Mowgli Entrepreneur, 2013. SudaMed created and safeguarded 568 full and part time jobs during his mentoring year. 20© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  21. 21. 21© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Achieved 890% Return on Mentoring Investment (ROMI) for those investing in mentoring as a key component of entrepreneurial support initiatives Source: Mowgli 2016 ROMI Country Analysis and Ranking, 2008 - 2016
  22. 22. 22© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Our analysis provides 5 key takeaways Source: Mowgli 2016 • Holistic mentoring ensures greater ROI • Capability – Interference = Success • Investment in equals ROI out • Values based Project Management ensures greater ROI • Developed and harmonised entrepreneurial ecosystems enable higher ROI
  23. 23. 23© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Source: Mowgli 2016 Capability – Interference = Success
  24. 24. 24© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. 1. Human capacity development is of equal importance to the provision of financial capital. 2. New leadership models based upon ‘Serve to Lead’ concept are required for sustainable development 3. Human capacity development Return on Entrepreneurial Investment (ROEI) 4. Entrepreneurs and leaders are created through nurture with holistic mentoring at its very heart 5. Sustainable development of societies and economies can only be enhanced by further significant investment in mentoring Mentoring is critical for entrepreneurs and leaders
  25. 25. Source: Mowgli 2016 Further investment is required to help the entrepreneurs to breakthrough the barriers and achieve economic growth 25© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. 1. Human Capital/Capacity Development requires significant additional investment 2. Part of this investment needs to be dedicated to mentoring of entrepreneurs focused upon: 1. Training and preparation of mentors 2. Provision of the foundations for the facilitation of the mentoring relationships 3. Effective mentor-entrepreneur matching 4. Facilitation of the ongoing supervision and support of the mentoring relationships
  26. 26. 26© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Mowgli’s thought leadership papers showcase the importance and impact of mentoring and therefore human capital development 2015 Impact Report Release – Early July
  27. 27. 27 The full report is available on our website: http://www.mowgli.org.uk/publications in Arabic, English and French 27© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
  28. 28. 28 Mowgli’s Partner and Sponsor Community © 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential. Nominated Local & Empowered Partners
  29. 29. Web: www.mowgli.org.uk Email: info@mowgli.org.uk /mowglitweets /mowglifoundation /the-mowgli-foundation /mowglifoundation 29© 2016 Mowgli Foundation. All Rights Reserved. Proprietary and Confidential.
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Editor's Notes

  • The MENA region has been undergoing a tremendous amount of turmoil over the past few years. Unemployment levels in the region continue to be the highest in the world at 11.7% with youth unemployment rising beyond this at 28.2% and 30.5% across the Middle East and North Africa respectively. Continuous political and economic instability has created major challenges in the form of staggering unemployment rates as well as falling education and literacy levels amongst youth and women, leading to a growing income inequality gap and a leadership vacuum. In addition, public sectors in the region cannot continue carrying the load of employing more and more people with their declining budgets.

    Adding to these challenges, the mass migration of over one million refugees from war-torn countries into Europe has also spread the unemployment challenges across Europe, with youth unemployment levels reaching 20% in two thirds of European countries. Whilst many migrants fled their countries because of armed conflicts, many also left due to economic hardship. For European countries, the future does not look promising as the potential numbers in the coming years are extremely alarming and worrying, adding to the current unemployment and economic situation of some countries.
  • Insisting that entrepreneurship is still the answer and solves the problems
  • Linking the journey with the need of mentoring at different phases
  • Third point:
    Entrepreneurs are created through nurture and if today’s entrepreneurs who have been through primary, secondary and tertiary education are to create the employment the region requires, mentoring provides true nurturing to take on this challenge
  • Third point:
    Entrepreneurs are created through nurture and if today’s entrepreneurs who have been through primary, secondary and tertiary education are to create the employment the region requires, mentoring provides true nurturing to take on this challenge
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