This document summarizes key concepts around innovation and entrepreneurship. It discusses different types of entrepreneurship including small business/startups, corporate, and social entrepreneurship. Social entrepreneurs are defined as those who revolutionize industries to help people. Innovation can occur through new products, processes, or organizations. Emerging concepts like disruptive innovation are presented. The global innovation index rankings for 2011 of several Commonwealth countries are provided, with Singapore the highest ranked. The document concludes with points about partnerships, intellectual property protection, and partnering with the informal sector.

1. Jeya Wilson
Commonwealth Business Forum
October 2011
INNOVATION AND ENTREPRENEURSHIP

2. INNOVATION AND ENTREPRENEURSHIP
THE BASICS

3. TYPES OF ENTREPRENEURSHIP
 Small business/start up entrepreneurship
 Corporate entrepreneurship
 Social entrepreneurship

4. SOCIAL ENTREPRENEURS
“Social entrepreneurs are not content just to give
a fish or teach how to fish. They will not rest
until they have revolutionized the fishing
industry.”
 Bill Drayton, CEO, chair and founder of Ashoka, (Innovators
for the public)

5. INNOVATION
 PRODUCT
 PROCESS
 ORGANIZATION

7. SOME INNOVATIVE INNOVATION TERMINOLOGY
 Disruptive innovation
 Polycentric innovation
 Reverse innovation
 Frugal innovation

8. GLOBAL INNOVATION INDEX 2011

9. Commonwealth country Rank Rank Rank
2011 2010 2009
Singapore 3 7 5
Canada 8 12 11
United Kingdom 10 14 4
New Zealand 15 9 27
Australia 21 18 22
Cyprus 28 32 45
Malaysia 31 28 25
Mauritius 53 73 66
South Africa 59 51 43
Guyana 61 113 103
India 62 56 41
Ghana 70 105 -
Trinidad and Tobago 72 55 65
Brunei Darussalam 75 48 -
Namibia 78 92 95
Botswana 79 86 77
Source: Global Innovation Index 2011

10. Commonwealth Rank Rank Rank
country 2011 2010 2009
Sri Lanka 82 79 58
Kenya 89 83 78
Jamaica 92 70 73
Nigeria 96 96 70
Bangladesh 97 120 111
Swaziland 101 - -
Cameroon 103 119 106
Tanzania 104 98 86
Pakistan 105 103 93
Uganda 106 108 100
Malawi 108 97 -
Rwanda 109 - -
Zambia 114 111 96
Source: Global Innovation Index 2011

11. POINTS TO PONDER
 Partnerships - Open innovation
 Poaching and Piracy - Protection of IP
 Trash to Treasure – Partnering the Informal
sector

12. Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round
pegs in the square holes. The ones who see things differently. They're not fond
of rules. And they have no respect for the status quo. You can quote
them, disagree with them, glorify, or vilify them. About the only thing you can't
do is ignore them. Because they change things. They push the human race
forward. And while some may see them as the crazy ones, we see genius.
Because the people who are crazy enough to think they can change the
world, are the ones who do.(Apple Inc.)
You touched an ugly world of technology and made it beautiful.
R.I.P. Steve Jobs