Currently, the World Bank and governments around the world have a very limited range of policy instruments that are typically used for trying to foster small and medium enterprise growth and entrepreneurship. The Private Sector Development Policy Innovation Lab, a collaboration between the World Bank’s Development Research Group and the Innovation, Technology, and Entrepreneurship Practice, held a competition in which researchers from within and outside of the World Bank were asked to propose new ideas for policies in this area, motivated by economic theory and existing research findings. More than 70 initial submissions were received from around the world.
The fifteen finalists have developed full concept note templates of 8-9 pages around these ideas which can serve as a basis for discussions with policymakers, or for the initial preparation of a World Bank project that uses this idea.
On May 28, 2015 each finalist will present their idea in a 5-7 minute pitch followed by 5 minutes of questions and answers. The target audience is World Bank operational staff working on Small and Medium Enterprise projects.
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Last Updated: May 29, 2015