THOUGHT FOR THE DAY

Opportunity

“A new day is the biggest opportunity of your life.” – Maria Uman

TOPIC OF THE DAY

Global Entrepreneurs Need New Funding Models

Entrepreneurship seems to have become the silver bullet for a job-scarce, unemployment-saddled global economy still struggling to shake off recession. Around the world, leaders talk about how start-ups can create new jobs and lift regions out of poverty. But many entrepreneurs — particularly those in the world's toughest economies — are still battling to secure the cash they need to launch and run their businesses.

In low-income countries, according to World Bank data in a recent paper by the consultancy Dalberg, 43% of businesses with between 20 and 99 employees say that access to finance is a major constraint. The White House has called this gap between the demand and supply of finance for small and medium enterprises a "market failure...[and] a serious constraint on efforts to promote strong and sustainable global recovery."

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