Financing Entrepreneurship and Innovation in Emerging Markets

"This book explores in depth the existing conditions, challenges and opportunities for driving innovation and entrepreneurship in the developing world with relevant examples of successful ventures from India and China, two of the biggest emerging economies in the world. It dexterously guides us to appreciate the nuances of the financial frameworks that are shaping the entrepreneurial ecosystems in emerging markets vis-à-vis developed economies. Expanding on the learnings from the Global Innovation Index, the book seamlessly complements its policy suggestions, and adds valuable insights and inferences to this body of work. An important read for policy makers, scholars and entrepreneurs across economies." --Chandrajit Banerjee, Director General, Confederation of Indian Industry "Well researched and illuminating. A must read for serious investors exploring private investments outside the US." -- Andrew Boyd, Head of Global Equity Capital Markets, Fidelity Investments "The authors provide a detailed and nuanced analysis of how innovation in developing economies is shaping the global economy. While it is common knowledge that most future economic growth will happen outside the G-20, there has been little research on the details of how this will occur. Financing Entrepreneurship and Innovation in Emerging Markets collects what we know about entrepreneurial finance in emerging economies and combines this with a more established body of knowledge in developed economies to help the reader understand the future path of financing innovative businesses throughout the world. The authors demystify the interaction between factors of production, financing activity, and policy to provide a clear picture of how transformational entrepreneurship will drive growth in emerging economies." --Gregory W. Brown, Professor and Director, Frank H. Kenan Institute of Private Enterprise, Research Director, Institute for Private Capital, and Sarah Graham Kenan Distinguished Scholar of Finance, The University of North Carolina at Chapel Hill "Financing Entrepreneurship and Innovation in Emerging Markets is a must read for entrepreneurs, investors and policy makers that are looking to understand how innovation and new technologies are influencing emerging countries and how access to financing plays a fundamental role in this respect. It is a must read for any player on the emerging market tech scene." --Adalberto Flores, Co-Founder & CEO at Kueski "Fascinating, important and necessary for policymakers, businessmen, entrepreneurs, financiers, investors, career planners, jobseekers, and anyone interested in emerging markets and economic and financial development." --Timothy Heyman, CBE, President, Franklin Templeton Asset Management, Mexico "As entrepreneurship and innovation in China have been promoted to the national strategic level, understanding their underlying drivers has attracted more and more attention at home and abroad. This book offers unique and refreshing insights into the role of entrepreneurship and the financing of innovation in China and other emerging market countries. While the book is research-oriented, it is written in a way that makes it accessible to a broader audience. It's a book well worth reading!" --Liao Li, Professor and Executive Associate Dean, PBC School of Finance, Tsinghua University "In the digital economy, there are opportunities and risks for developing countries: the opportunity to use technology to leapfrog in terms of social and economic development and the risk of falling behind with wider gaps and exclusions. This book addresses a key issue to realize the opportunities for emerging countries - strengthening local innovation ecosystems to use local talent to succeed in the new economy." --Diego Molano, Former Information Technology Minister of Colombia