International Entrepreneurship and Innovation Scorecards: Examining the Data

Abstract

The purpose of this report is to demonstrate a scorecard approach for distilling different indicators of entrepreneurship and innovation. We reviewed popular international indices and indicators in an attempt to distill a large sample of indicators into a set of those that closely complement one another. It was presumed that honing in on a smaller set of indicators might be useful for policymakers, and might also help highlight areas deserving further attention from researchers. This report lists the selected countries, discusses the selection process for indicators and scorecard approach, and presents the resulting scorecards. The methodology underpinning the final presented values represents a good faith effort to compile accurate scorecards, but relies on a number of assumptions to produce comparable data values from non-standardized sets of indicators. Thus, we present these findings as exploratory and preliminary. We strongly advise against using this report to compare reported country charts or values, but instead hope that it will serve as a platform for discussions of how to improve entrepreneurship data collection. This report, produced in parallel with efforts by the U.S. Government to support and promote entrepreneurship, coincides with the announcement of the Global Entrepreneurship Research Network (GERN), an international collaboration of organizations working to gain a better understanding of policy barriers and the right policies for fostering entrepreneurship.