Entrepreneurship Indicators Project Entrepreneurship Indicators Project

Partnerships, Sponsors and BudgetPartnerships, Sponsors and Budget

Tim Davis, OECD Statistics DirectorateTim Davis, OECD Statistics Directorate EISG Meeting, Rome, December 5/6, 2006

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Feasibility Study/ Action Plan

EIP Timetable2005 2006 2007

Ongoing Surveys / Outputs

Financial support:KauffmanInt’l ConsortiumOECD

Research Conf.

Measurement Manual and Framework

Extend Country Participants

Pilot Surveys

Indicators

Financial support: Kauffman Int’l Consortium OECD + Seeking Others

Will seek Financial support from:Countries, OECD and Other Sources

2008 and beyond

Research Network/Conferences

Governance Structure

Phase 3

Phase 1

Phase 2

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Overview of funding to dateOverview of funding to date

Phase I: Scoping Study Kauffman Foundation sponsorship of Scoping Study

and Action Plan International Consortium sponsored review of firm

start-up data OECD provided bridge financing and supported new

Business Demography work

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Funding StatusFunding Status

Phase II: Program Development Two-year funding by Kauffman Foundation ‘Special Project’ funding by International Consortium OECD contributing data and infrastructure inputs Additional sponsors still required Shortfall of ~€200,000 over 2 years Kauffman funding to end in late 2008 Sponsors seeking longer-term OECD and country

commitments

5

Background ConsiderationBackground Consideration

Project needs seed financing like a small business Needs expansion funding like a HG SME Then an IPO where countries buy the shares Initial investors are rewarded, but not with a capital gain Ongoing net revenue stream is always negative No significant revenues foreseen Propose to sell the program, not the data

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Long term goalLong term goal

Established program in OECD work program OECD has fixed or declining budget Reallocation very difficult Sponsorship funding required for “Headquarters” staff OECD to coordinate and ensure international

compilations, analysis, dissemination. Countries required to fund data collection and inputs

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Why consider longer term funding now?Why consider longer term funding now?

Sponsors already convinced of long-term need Willingness to invest based on ongoing returns One-off data compilations not desirable To date, funding from major sponsors has been

contingent on ongoing program

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EIP Budget to End of Phase II December 31, 2008

OECD OCDE

Funding:

September 2006 to December 2008

Kauffman Grant 340K €

ICE Grant:

High Growth Study

60K €

ICE Grant: (Potential)

Risk Capital Handbook/Data

40K €

Danish Grant: (Potential)

High Growth Data Development

60K €

International Grants-Data Collection

Total Actual and Potential 500K €

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EIP Budget to End of Phase II December 31, 2008

OECD OCDE

Forecast Expenditures:

September 2006 to December 2008

Project Management 280K €

Survey Development/ Management 110K €

Statisticians (EIP/Business Demography) 140K €

Research and Support 90K €

Research Conference, EISG Meetings, Travel, Miscellaneous

70K €

Data Dissemination 30K €

Ongoing Data Collection

Total 740K €

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EIP Budget to End of Phase II December 31, 2008

OECD OCDE

Current Budget Situation to December 2008

Actual and Potential Funding 500K €

Forecast Expenditures 740K €

Additional Funding Required 240K €

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Seeking Sponsorship Seeking Sponsorship

Potential sponsors? OECD member countries

– Seek additional voluntary financial contributions?– Contributions of personnel?

Corporations and Foundations?

International organisations and “governments”?

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EIP “Flyer” EIP “Flyer”

Explain program Why is outside funding required Benefits to sponsors Contribution amounts