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The Missing Entrepreneurs 2021

Policies for Inclusive Entrepreneurship and Self-Employment

image of The Missing Entrepreneurs 2021

The Missing Entrepreneurs 2021 is the sixth edition in a series of biennial reports that examine how public policies at national, regional and local levels can support job creation, economic growth and social inclusion by overcoming obstacles to business start-ups and self-employment by people from disadvantaged or under-represented groups in entrepreneurship. It shows that there are substantial untapped opportunities for entrepreneurship in populations such as women, youth, the unemployed, and immigrants and highlights the need for more differentiated government entrepreneurship policies that respond to the specific barriers they face. The report includes an assessment of the impact of COVID-19 across these populations of entrepreneurs and the effectiveness of the policy response. It also contains thematic policy chapters on microfinance and leveraging the potential of immigrant entrepreneurs. These chapters present the range of current policy actions in EU and OECD countries and make recommendations for future policy directions. Finally, the report contains country profiles for each of the 27 EU Member States that identify for each county the major recent trends in entrepreneurship by women, youth, seniors and immigrants, the key policy issues and the recent policy actions.

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Leveraging immigrant entrepreneurship for job creation and growth

Immigrant entrepreneurship is diverse, ranging from small self-employment activities to businesses that operate in multiple countries. Traditionally policy support for immigrant entrepreneurship has focussed on supporting labour market integration through self-employment. However, the increasing skills levels of immigrants create an opportunity for governments to do more to attract and support immigrant entrepreneurs that have the potential to make significant impacts on the economy. This chapter discusses a range of emerging policy approaches such as start-up visa programmes, dedicated business incubation and accelerator programmes, as well as outreach and incentive programmes to attract high-potential immigrant entrepreneurs. Policy advice is provided for national, regional and local governments and is illustrated with good practice examples from European Union (EU) Member States and non-EU OECD countries.

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