GEM Global Entrepreneurship Monitor

<!DOCTYPE html>  <html class="no-js" lang="en"> <head> <script async src="https://www.googletagmanager.com/gtag/js?id=G-9KK989T90C"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', G-9KK989T90C); </script> <script crossorigin="anonymous" src="https://polyfill.io/v3/polyfill.min.js?features=Array.of%2CArray.prototype.includes%2CObject.assign%2CPromise"></script> <meta charset="utf-8"> <meta http-equiv="X-UA-mpatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1"> <meta name="author" content=""> <meta name="keywords" content=" entrepreneurship, fear of failure, startup challenges, business risk, AI in entrepreneurship, artificial intelligence, GEM Global Report, entrepreneurship trends, business support, mentorship, financial aid, UAE entrepreneurship, National Entrepreneurship Context Index, entrepreneurial environment, startup ecosystem, business innovation "> <meta name="description" content=" The GEM 2024/2025 Global Report, Entrepreneurship Reality Check, highlights a rising fear of failure among entrepreneurs, with nearly half (49%) of respondents in 2024 hesitant to start a business due to risk concerns, up from 44% in 2019. The report also reveals widespread uncertainty about AI鈥檚 role in entrepreneurship, as many new business owners lack awareness of its potential impact. To address these challenges, the report calls for stronger support systems, including financial aid, mentorship, and AI education initiatives. Additionally, the UAE remains the top-ranked country in the National Entrepreneurship Context Index (NECI) for the fourth consecutive year, despite a slight decline in its overall score. "> <meta name="csrf-token" content="fTN9ljlowmRb6dHWzlZMPBq3HwfV1P2DF9VwlFfS"> <meta name="homeurl" content="https://www.gemconsortium.org"/> <title> GEM Global Entrepreneurship Monitor</title> <meta property="og:locale" content="en_GB"> <meta property="og:type" content="website"> <meta property="og:site_name" content="GEM Global Entrepreneurship Monitor"> <meta property="og:title" content=" Global Report Press Release "/> <meta property="og:description" content=" The GEM 2024/2025 Global Report, Entrepreneurship Reality Check, highlights a rising fear of failure among entrepreneurs, with nearly half (49%) of respondents in 2024 hesitant to start a business due to risk concerns, up from 44% in 2019. The report also reveals widespread uncertainty about AI鈥檚 role in entrepreneurship, as many new business owners lack awareness of its potential impact. To address these challenges, the report calls for stronger support systems, including financial aid, mentorship, and AI education initiatives. Additionally, the UAE remains the top-ranked country in the National Entrepreneurship Context Index (NECI) for the fourth consecutive year, despite a slight decline in its overall score. "> <meta property="og:image" content=" https://www.gemconsortium.org/images/latest-global-reports/2025/dsc03580-1739825449.jpg "> <meta property="og:url" content="https://www.gemconsortium.org/reports/latest-global-report"> <meta property="article:section" content="General"> <meta name="twitter:title" content=" Global Report Press Release "> <meta name="twitter:description" content=" The GEM 2024/2025 Global Report, Entrepreneurship Reality Check, highlights a rising fear of failure among entrepreneurs, with nearly half (49%) of respondents in 2024 hesitant to start a business due to risk concerns, up from 44% in 2019. The report also reveals widespread uncertainty about AI鈥檚 role in entrepreneurship, as many new business owners lack awareness of its potential impact. To address these challenges, the report calls for stronger support systems, including financial aid, mentorship, and AI education initiatives. Additionally, the UAE remains the top-ranked country in the National Entrepreneurship Context Index (NECI) for the fourth consecutive year, despite a slight decline in its overall score. "> <meta name="twitter:image" content=" https://www.gemconsortium.org/images/latest-global-reports/2025/dsc03580-1739825449.jpg "> <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@gemnow"> <link rel="icon" href="https://www.gemconsortium.org/images/favicon/favicon.png" type="image/x-icon"> <link rel="apple-touch-icon" sizes="60x60" href="https://www.gemconsortium.org/images/favicon/apple-touch-icon.png"> <link rel="icon" type="image/png" sizes="32x32" href="https://www.gemconsortium.org/images/favicon/favicon-32x32.png"> <link rel="icon" type="image/png" sizes="16x16" href="https://www.gemconsortium.org/images/favicon/favicon-16x16.png"> <link rel="manifest" href="https://www.gemconsortium.org/images/favicon/manifest.json"> <link rel="mask-icon" href="https://www.gemconsortium.org/images/favicon/safari-pinned-tab.svg" color="#000000"> <meta name="apple-mobile-web-app-title" content="GEM"> <meta name="application-name" content="GEM"> <meta name="msapplication-TileColor" content="#000000"> <meta name="theme-color" content="#ffffff">  <link media="all" type="text/css" rel="stylesheet" href="https://www.gemconsortium.org/stylesheets/site-invisio.css"> <link media="all" type="text/css" rel="stylesheet" href="https://www.gemconsortium.org/stylesheets/jPages.css"> <link media="all" type="text/css" rel="stylesheet" href="https://www.gemconsortium.org/stylesheets/nv.d3.css"> <link media="all" type="text/css" rel="stylesheet" href="https://www.gemconsortium.org/stylesheets/animate.css"> <link href="/css/app.css?id=13dcd2ec566e2d9e1b98" rel="stylesheet"> <link href="https://fonts.googleapis.com/css2?family=Montserrat:wght@300;400;600;700&display=swap" rel="stylesheet">   <script type="text/javascript"> if (/Android|webOS|iPhone|iPad|iPod|BlackBerry|IEMobile|Opera Mini/i.test(navigator.userAgent)) { var url = 'http://gem3.cowvision.net/about/news'; $(location).attr('href', url); } var url = 'http://gem3.cowvision.net/about/news'; </script> </head> <body class=" page-reportsGlobal " > <noscript> <iframe src="https://www.googletagmanager.com/ns.html?id=G-9KK989T90C" height="0" width="0" style="display:none;visibility:hidden" ></iframe> </noscript>  <header id="header"> <div class="login-panel" style="display: none;"> <div class="container"> <div class="actions"> <button type="button" class="btn btn-danger rounded login">Team Log In</button> <form method="POST" action="https://www.gemconsortium.org/login" accept-charset="UTF-8" class="form-inline"><input name="_token" type="hidden" value="fTN9ljlowmRb6dHWzlZMPBq3HwfV1P2DF9VwlFfS"> <div class="form-group"> <label for="email" class="sr-only">email</label> <input class="form-control input-sm rounded" placeholder="country" name="email" type="text" id="email"> <span class="label label-danger">?</span> </div> <div class="form-group"> <label for="password" class="sr-only">password</label> <input class="form-control input-sm rounded" placeholder="password" name="password" type="password" value="" id="password"> <span class="label label-danger">?</span> </div> <div class="form-group"> <input class="btn btn-danger rounded" type="submit" value="Login"> </div> </form> </div> <button type="button" class="close" data-dismiss="alert" aria-label="Close"><span aria-hidden="true">×</span></button> </div> </div> <div class="main-header"> <div class="container"> <div class="inner"> <div class="logo"> <a href="/"> <img src="https://www.gemconsortium.org/images/new-logo-white.png" alt="GEM logo"> </a> </div> <nav class="header-navigation"> <ul id="navigation" class="main-navigation"> <li class=""> <a href="#" id="dropdownMenuLink1" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false"> About <i class="icons8-chevron-down"></i> </a> <ul class="submenu" aria-labelledby="dropdownMenuLink1"> <li><a href="https://www.gemconsortium.org/about/gem/5"><span>Mission & Values</span></a></li> <li><a href="https://www.gemconsortium.org/about/gem/7"><span>National Teams</span></a></li> <li><a href="https://www.gemconsortium.org/about/gem/8"><span>Global Team</span></a></li> <li><a href="https://www.gemconsortium.org/about/gem/1872"><span>Governance</span></a></li> <li><a href="https://www.gemconsortium.org/about/gem/1873"><span>Press Room</span></a></li> <li><a href="https://www.gemconsortium.org/about/gem/1874"><span>Founding Organisations</span></a></li> <li><a href="https://www.gemconsortium.org/about/gem/1879"><span>National Sponsors</span></a></li> </ul> </li> <li class=""> <a href="#" id="dropdownMenuLink2" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false"> Impact <i class="icons8-chevron-down"></i> </a> <ul class="submenu" aria-labelledby="dropdownMenuLink2"> <li><a href="https://www.gemconsortium.org/about/impact/9"><span>Academics</span></a></li> <li><a href="https://www.gemconsortium.org/about/impact/10"><span>Entrepreneurs</span></a></li> <li><a href="https://www.gemconsortium.org/about/impact/11"><span>Policymakers</span></a></li> <li><a href="https://www.gemconsortium.org/about/impact/12"><span>Sponsors</span></a></li> <li><a href="https://www.gemconsortium.org/about/impact/1875"><span>International Organisations</span></a></li> </ul> </li> <li class=""> <a href="https://www.gemconsortium.org/news">News</a> </li> <li class="active" > <a href="#" id="dropdownMenuLink3" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false"> Research <i class="icons8-chevron-down"></i> </a> <ul class="submenu" aria-labelledby="dropdownMenuLink3"> <li><a href="https://www.gemconsortium.org/reports/latest-global-report"><span>GEM 2024 / 2025 Global Report</span></a></li> <li><a href="https://www.gemconsortium.org/reports/covid-impact-report"><span>Diagnosing COVID-19 Impacts on Entrepreneurship</span></a></li> <li><a href="https://www.gemconsortium.org/reports/womens-entrepreneurship"><span>Women's Entrepreneurship</span></a></li> <li> <a href="https://www.gemconsortium.org/report"> <span>Reports</span> </a> </li> <li><a href="https://www.gemconsortium.org/economy-profiles"><span>Economy Profiles</span></a></li> <li><a href="https://www.gemconsortium.org/research-papers"><span>Papers</span></a></li> </ul> </li> <li class="" > <a href="#" id="dropdownMenuLink4" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false"> Data <i class="icons8-chevron-down"></i> </a> <ul class="submenu" aria-labelledby="dropdownMenuLink4"> <li> <a href="https://www.gemconsortium.org/data"> <span>Data</span> </a> </li> <li><a href="https://www.gemconsortium.org/wiki/1599"><span>Methodology</span></a></li> <li><a href="https://www.gemconsortium.org/about/wiki"><span>Knowledge Base</span></a></li> <li><a href="https://www.gemconsortium.org/wiki/1154"><span>Definitions</span></a></li> </ul> </li> <li class="has-button"> <button type="button" class="btn btn-header btn-block team-login">Team Log In</button> </li> </ul> </nav> <div class="hamburger"> <button id="hamburger"> <span></span> </button> </div> </div> </div> </div> </header> <div class="latest-global-reports" id="app"> <section class="reports-header"></section> <section class="reports-main-content"> <div class="container padded"> <div class="report-content"> <div class="sidebar"> <h4>Related Content</h4> <ul> <li> <news-card :title=""GEM Mexico To Host 2026 Report Launch And Annual Meeting"" :image=""\/images\/news\/2025\/untitled-design-4-1742234272.png"" :date=""2025-03-17"" :link=""https:\/\/www.gemconsortium.org\/news\/gem-mexico-to-host-2026-report-launch-and-annual-meeting"" ></news-card> </li> <li> <news-card :title=""Women represent a large proportion of high potential entrepreneurs"" :image=""\/images\/news\/2025\/dsc08261-1739966100.JPG"" :date=""2025-02-19"" :link=""https:\/\/www.gemconsortium.org\/news\/women-represent-a-large-proportion-of-high-potential-entrepreneurs"" ></news-card> </li> <li> <news-card :title=""Celebrating Excellence: GEM Awards for Outstanding Contributions"" :image=""\/images\/news\/2025\/dsc09261-1739975737.JPG"" :date=""2025-02-19"" :link=""https:\/\/www.gemconsortium.org\/news\/celebrating-excellence%3A-gem-awards-honour-outstanding-contributions"" ></news-card> </li> <li> <news-card :title=""Entrepreneurship and sustainability: A dynamic partnership for positive impact"" :image=""\/images\/news\/2025\/green-entrepreneur-1739788014.png"" :date=""2025-02-18"" :link=""https:\/\/www.gemconsortium.org\/news\/entrepreneurship-and-sustainability%3A-a-dynamic-partnership-for-positive-impact"" ></news-card> </li> <li> <news-card :title=""The Basque Country: A unique ecosystem for entrepreneurship"" :image=""\/images\/news\/2025\/bilbao-1738946643.jpeg"" :date=""2025-02-07"" :link=""https:\/\/www.gemconsortium.org\/news\/the-basque-country%3A-a-unique-ecosystem-for-entrepreneurship"" ></news-card> </li> </ul> </div> <div class="main-content"> <article> <h1 class="title">Global Report Press Release </h1> <div class="download-report"> <h2>Download the Full Report</h2> <p>The GEM Global Report findings are based on responses from over 150,000 individuals across 56 economies.</p> <div class="download"> <a href="/file/open?fileId=51621" download > Download <img src="https://www.gemconsortium.org/images/svg/gemicons/download-icon.svg"> </a> </div> </div> <figure> <img src="https://www.gemconsortium.org/images/latest-global-reports/2025/dsc03580-1739825449.jpg" title="Global Report Press Release " > </figure> <div class="article-content"> <p><p align="center" style="margin:0in 0in 0.0001pt; -webkit-text-stroke-width:0px; text-align:center"><ins>Press Release - 18 February 2025</ins></p> <p align="center" style="margin:0in 0in 0.0001pt; -webkit-text-stroke-width:0px; text-align:center"> </p> <p align="center" style="margin:0in 0in 0.0001pt; -webkit-text-stroke-width:0px; text-align:center"><strong id="docs-internal-guid-e8e4dbb1-7fff-75d9-4bf1-7a03b4e90a0f"> </strong><strong>Entrepreneurship Fear of Failure on the Rise, According to Global Entrepreneurship Monitor Report</strong></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">Bilbao, Spain - </span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">Around the world, the number of people deterred from starting a business because of fear it might fail is increasing, according to the GEM 2024/2025 Global Report titled Entrepreneurship Reality Check, released today at a special event to launch the report in Bilbao, Spain. Those who take the leap are uncertain about the expected role of artificial intelligence in their businesses.<br />  <br /> More than 150,000 people participated in the GEM Adult Population Survey (APS) in both 2019 (pre-pandemic) and 2024, across 50 and 51 economies respectively. In 2019, 44% of those surveyed agreed that they would not start a business for fear it might fail; by 2024 this proportion had increased to 49%. <br />  <br /> In both years, a significant percentage of the 150,000 plus people agreed they saw good opportunities to start a business (some 66,000 in 2019 and 60,000 in 2024). Amongst these individuals, those that stated they would not actually start a business to leverage those same opportunities for fear it might fail increased from 42% in 2019 to 47% in 2024. <br />  <br /> Between 2019 to 2024, the number of economies in which at least two in five people seeing good opportunities, yet would not start a business for fear it might fail increased markedly from 34 out of 50 (68%) to 43 out of 51 (84%). <br />  <br /> The Global Report authorship team of 12 GEM researchers located in nine countries collectively agree that it is important to develop robust support systems, including financial assistance, accessible training, mentorship programmes and simplified regulations to reduce the risks of starting a business and address fear of failure, enabling more entrepreneurs to thrive.<br />  <br /> As per usual, February heralds the iconic annual GEM Global Report launch, with multiple research conclusions about the state of the art of entrepreneurship globally. This year’s event took place at the University of the Basque Country and the University of Deusto in the presence of a number of prominent government officials and sponsors from throughout the region, as well as representatives of GEM National Teams from all over the world.<br />  <br /> <strong>Uncertainty about Artificial Intelligence (AI)</strong><br /> The APS asked both new and established business owners: “How important do you anticipate artificial intelligence tools will be for implementing your business model and strategy in the next three years?”<br />  <br /> Worldwide, there is considerable lack of awareness and uncertainty about how important artificial intelligence (AI) will become to new businesses in the next three years. Survey responses include high rates of “don’t know”. Of those who did answer, in 36 of 49 economies (73%), fewer than three in 10 of those starting new businesses see AI as “very important” in the next three years.<br />  <br /> According to the report, an urgent call to action is to: "Launch awareness campaigns and training programmes to educate entrepreneurs about the importance and potential of AI.”</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black"><strong>UAE Number #1 Again in National Entrepreneurship Context Index</strong><br /> For the fourth consecutive year, the United Arab Emirates (UAE) has secured the top spot in GEM’s National Entrepreneurship Context Index (NECI), which measures the quality of a country's entrepreneurial environment based on expert assessments across 13 key GEM Entrepreneurial Framework Conditions.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">Despite a decline in its NECI score from 7.7 (out of 10) in 2023 to 7.1 in 2024 – due to score reductions in 12 of the 13 framework conditions – the UAE still leads the Index with 11 of these conditions ranking first among 56 participating GEM economies. Notably, the score for Physical Infrastructure was the only one that improved, rising from 7.6 to 7.8. Even with the overall dip, the UAE maintains a strong entrepreneurial landscape, with its lowest framework score still rated as "good" (6.5) and seven conditions classified as "very good."</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black"><strong>Celebrating 25 Years at GEM</strong><br /> GEM is currently celebrating its 25th Silver Anniversary as the world’s foremost study of entrepreneurship. GEM published its first Global Report in 1999. Since then, its research has shaped conversations among policymakers, academics, entrepreneurs and international organisations. This impact is driven by GEM’s National Teams, who secure expertise and funding to collect national-level data.  <br /> <br /> “Entrepreneurship is a key driver of prosperity and innovation, and GEM’s long-standing research has been instrumental in tracking its impact,” said GEM Executive Director Aileen Ionescu-Somers. “By gathering first-hand insights directly from the entrepreneurs themselves, GEM offers a unique perspective on how new businesses shape economies, tackle global challenges and invest in a sustainable future.”<br /> <br /> This year’s GEM Global Report is made possible thanks once again to the dedication of GEM National Teams and their own sponsors and respondents, as well as the support of GEM Spain (host of the Report Launch event), Cartier Women’s Initiative, University of the Basque Country, the University of Deusto, the Ministry of Industry and Tourism — National Innovation Company S.A. (ENISA), the Basque Business Development Agency (SPRI Group) — Basque Government, the Bizkaia Government, the Bilbao City Council, the Basque Entrepreneurship Observatory, the Observatorio Del Emprendimiento de España and Mondragon University.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">The authors are:</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">GEM Global<br /> - Stephen Hill, DSc (Lead Author)<br /> - Aileen Ionescu-Somers, PhD<br /> - Alicia Coduras, PhD <br />  <br /> GEM Austria<br /> Christian Friedl, PhD, FH Joanneum, University of Applied Sciences<br />  <br /> GEM Chile<br /> Maribel Guerrero, PhD, Arizona State University, USA, and Universidad del Desarrollo, Chile<br />  <br /> GEM Israel<br /> Ehud Menipaz, Ph.D., P.Eng, Ben-Gurion University<br />  <br /> GEM Morocco<br /> Fatima Boutaleb, PhD, Hassan II University of Casablanca<br />  <br /> GEM Poland<br /> Przemys艂aw Zbierowski, PhD, University of Economics in Katowice<br />  <br /> GEM South Africa<br /> Mahsa Samsami, PhD, Chemnitz University of Technology<br /> Natanya Meyer, PhD, University of Johannesburg<br />  <br /> GEM UK<br /> Sreevas Sahasranamam, PhD, University of Glasgow<br />  <br /> GEM USA<br /> Jeffrey Shay, PhD, Babson College</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">Shay, who is also the GEM/GERA Board Chair, concluded: “For 25 years, GEM has provided an unparalleled window into global entrepreneurship, capturing real-world insights from over 120 economies. Our data doesn’t just measure activity – it highlights trends, informs policy and empowers entrepreneurs. We look forward to growing GEM’s influence, particularly in underrepresented regions, and become an even stronger advocate for entrepreneurship as a driver of economic and social progress.”</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black"><a href="https://www.gemconsortium.org/file/open?fileId=51621">Access the full report</a>. <br />  <br /> <strong>About GEM </strong><br /> Global Entrepreneurship Monitor (GEM) is a consortium of national country teams, primarily associated with top academic institutions, that carries out survey-based research on entrepreneurship around the world. GEM is the only global research source that collects data on entrepreneurship directly from individual entrepreneurs! GEM’s Adult Population Survey (APS) provides analysis on the characteristics, motivations and ambitions of individuals starting businesses, as well as social attitudes towards entrepreneurship. The National Expert Survey (NES) looks at the national context in which individuals start businesses.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">In numbers, GEM is:<br /> - 26 years of data<br /> - 150,000+ interviews a year<br /> - 120+ economies<br /> - 370+ specialists in entrepreneurship research<br /> - 150+ academic and research institutions<br /> - 150+ funding institutions</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black">GEM began in 1999 as a joint project between Babson College (USA) and London Business School (UK). The consortium has become the richest resource of information on entrepreneurship, publishing a range of global, national and 'special topic' reports on an annual basis. More information is at www.gemconsortium.org.</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="line-height:15.693333625793457px"><span style="caret-color:#000000"><span style="color:#000000"><span style="font-style:normal"><span style="font-variant-caps:normal"><span style="font-weight:400"><span style="letter-spacing:normal"><span style="orphans:auto"><span style="text-transform:none"><span style="white-space:normal"><span style="widows:auto"><span style="word-spacing:0px"><span style="-webkit-text-size-adjust:auto"><span style="text-decoration:none"><span style="font-family:Arial,sans-serif"><span style="color:black"><strong>Media Contact</strong><br /> Kevin Anselmo, Global Entrepreneurship Monitor<br /> Tel: +1 919 260 0035 / kanselmo@gemconsortium.org</span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></span></p> </p> </div> <div class="panel-share"> <div class="inner"> <h5>Share this article:</h5> <ul> <li> <a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.gemconsortium.org%2Flatest-global-reports%2F1881" target="_blank" title="Share via Facebook" class="share-popup"> <span class="gemicon gemicon-facebook" aria-hidden="true">Share via Facebook</span> </a> </li> <li> <a href="https://twitter.com/share?url=https%3A%2F%2Fwww.gemconsortium.org%2Flatest-global-reports%2F1881&text=Global+Report+Press+Release" target="_blank" title="Share via Twitter" class="share-popup"> <span class="gemicon gemicon-twitter" aria-hidden="true">Share via Twitter</span> </a> </li> <li> <a href="https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.gemconsortium.org%2Flatest-global-reports%2F1881&title=Global+Report+Press+Release+" target="_blank" title="Share via LinkedIn" class="share-popup"> <span class="gemicon gemicon-linkedin" aria-hidden="true">Share via LinkedIn</span> </a> </li> </ul> </div> </div> </article> </div> </div> </div> </section> </div> <footer id="footer"> <div class="footer-bg"> <div class="container padded"> <div class="outer"> <div class="inner"> <div class="illustration"> <img src="https://www.gemconsortium.org/images/svg/footer-illustration.svg" alt="GEM Illustration"> </div> <div class="content"> <h6>Connect with us</h6> <ul class="social"> <li> <a href="https://www.facebook.com/GEMonitor" target="_blank" rel="noopener" class="network-facebook" > <i class="icons8-facebook"></i> </a> </li> <li> <a href="https://twitter.com/gemnow" target="_blank" rel="noopener" class="network-twitter" > <i class="icons8-twitter"></i> </a> </li> <li> <a href="http://linkedin.com/company/global-entrepreneurship-monitor" target="_blank" rel="noopener" class="network-linkedin" > <i class="icons8-linkedin"></i> </a> </li> </ul> <hr> <nav> <ul class="links"> <li> <a href="https://www.gemconsortium.org/about/impact/9"> Join GEM鈥檚 Research <i class="icons8-arrow-right"></i> </a> </li> <li> <a href="https://www.gemconsortium.org/contact"> Contact <i class="icons8-arrow-right"></i> </a> </li> <li> <a href="#" data-toggle="modal" data-target="#signupModal" type="button" > Subscribe <i class="icons8-arrow-right"></i> </a> </li> </ul> </nav> </div> </div> </div> <div class="address"> <p>Global Entrepreneurship Research Association, London Business School, Regents Park, London NW1 4SA, UK</p> </div> </div> </div> </footer>  <div class="modal fade" id="signupModal" tabindex="-1" role="dialog" aria-labelledby="signup" aria-hidden="true"> <div class="modal-dialog modal-dialog-centered" role="document"> <div class="modal-content"> <div class="modal-body">  <link href="//cdn-images.mailchimp.com/embedcode/classic-10_7.css" rel="stylesheet" type="text/css"> <style type="text/css"> #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own Mailchimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */ </style> <div id="mc_embed_signup"> <form action="https://gemconsortium.us3.list-manage.com/subscribe/post?u=952b6df0692f9b5c4c0e95b6f&id=16aca169f9" method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank" novalidate> <div id="mc_embed_signup_scroll"> <div class="indicates-required"><span class="asterisk">*</span> indicates required</div> <div class="mc-field-group"> <label for="mce-EMAIL">Email Address <span class="asterisk">*</span> </label> <input type="email" value="" name="EMAIL" class="required email" id="mce-EMAIL"> </div> <div class="mc-field-group"> <label for="mce-FNAME">First Name </label> <input type="text" value="" name="FNAME" class="" id="mce-FNAME"> </div> <div class="mc-field-group"> <label for="mce-LNAME">Last Name </label> <input type="text" value="" name="LNAME" class="" id="mce-LNAME"> </div> <div class="mc-field-group"> <label for="mce-MMERGE3">Location </label> <select name="MMERGE3" class="" id="mce-MMERGE3"> <option value=""></option> <option value="United States of America">United States of America</option> <option value="Aaland Islands">Aaland Islands</option> <option value="Afghanistan">Afghanistan</option> <option value="Albania">Albania</option> <option value="Algeria">Algeria</option> <option value="American Samoa">American Samoa</option> <option value="Andorra">Andorra</option> <option value="Angola">Angola</option> <option value="Anguilla">Anguilla</option> <option value="Antarctica">Antarctica</option> <option value="Antigua And Barbuda">Antigua And Barbuda</option> <option value="Argentina">Argentina</option> <option value="Armenia">Armenia</option> <option value="Aruba">Aruba</option> <option value="Australia">Australia</option> <option value="Austria">Austria</option> <option value="Azerbaijan">Azerbaijan</option> <option value="Bahamas">Bahamas</option> <option value="Bahrain">Bahrain</option> <option value="Bangladesh">Bangladesh</option> <option value="Barbados">Barbados</option> <option value="Belarus">Belarus</option> <option value="Belgium">Belgium</option> <option value="Belize">Belize</option> <option value="Benin">Benin</option> <option value="Bermuda">Bermuda</option> <option value="Bhutan">Bhutan</option> <option value="Bolivia">Bolivia</option> <option value="Bonaire, Saint Eustatius and Saba">Bonaire, Saint Eustatius and Saba</option> <option value="Bosnia and Herzegovina">Bosnia and Herzegovina</option> <option value="Botswana">Botswana</option> <option value="Bouvet Island">Bouvet Island</option> <option value="Brazil">Brazil</option> <option value="British Indian Ocean Territory">British Indian Ocean Territory</option> <option value="Brunei Darussalam">Brunei Darussalam</option> <option value="Bulgaria">Bulgaria</option> <option value="Burkina Faso">Burkina Faso</option> <option value="Burundi">Burundi</option> <option value="Cambodia">Cambodia</option> <option value="Cameroon">Cameroon</option> <option value="Canada">Canada</option> <option value="Cape Verde">Cape Verde</option> <option value="Cayman Islands">Cayman Islands</option> <option value="Central African Republic">Central African Republic</option> <option value="Chad">Chad</option> <option value="Chile">Chile</option> <option value="China">China</option> <option value="Christmas Island">Christmas Island</option> <option value="Cocos (Keeling) Islands">Cocos (Keeling) Islands</option> <option value="Colombia">Colombia</option> <option value="Comoros">Comoros</option> <option value="Congo">Congo</option> <option value="Cook Islands">Cook Islands</option> <option value="Costa Rica">Costa Rica</option> <option value="Cote D'Ivoire">Cote D'Ivoire</option> <option value="Croatia">Croatia</option> <option value="Cuba">Cuba</option> <option value="Curacao">Curacao</option> <option value="Cyprus">Cyprus</option> <option value="Czech Republic">Czech Republic</option> <option value="Democratic Republic of the Congo">Democratic Republic of the Congo</option> <option value="Denmark">Denmark</option> <option value="Djibouti">Djibouti</option> <option value="Dominica">Dominica</option> <option value="Dominican Republic">Dominican Republic</option> <option value="Ecuador">Ecuador</option> <option value="Egypt">Egypt</option> <option value="El Salvador">El Salvador</option> <option value="Equatorial Guinea">Equatorial Guinea</option> <option value="Eritrea">Eritrea</option> <option value="Estonia">Estonia</option> <option value="Ethiopia">Ethiopia</option> <option value="Falkland Islands">Falkland Islands</option> <option value="Faroe Islands">Faroe Islands</option> <option value="Fiji">Fiji</option> <option value="Finland">Finland</option> <option value="France">France</option> <option value="French Guiana">French Guiana</option> <option value="French Polynesia">French Polynesia</option> <option value="French Southern Territories">French Southern Territories</option> <option value="Gabon">Gabon</option> <option value="Gambia">Gambia</option> <option value="Georgia">Georgia</option> <option value="Germany">Germany</option> <option value="Ghana">Ghana</option> <option value="Gibraltar">Gibraltar</option> <option value="Greece">Greece</option> <option value="Greenland">Greenland</option> <option value="Grenada">Grenada</option> <option value="Guadeloupe">Guadeloupe</option> <option value="Guam">Guam</option> <option value="Guatemala">Guatemala</option> <option value="Guernsey">Guernsey</option> <option value="Guinea">Guinea</option> <option value="Guinea-Bissau">Guinea-Bissau</option> <option value="Guyana">Guyana</option> <option value="Haiti">Haiti</option> <option value="Heard and Mc Donald Islands">Heard and Mc Donald Islands</option> <option value="Honduras">Honduras</option> <option value="Hong Kong">Hong Kong</option> <option value="Hungary">Hungary</option> <option value="Iceland">Iceland</option> <option value="India">India</option> <option value="Indonesia">Indonesia</option> <option value="Iran">Iran</option> <option value="Iraq">Iraq</option> <option value="Ireland">Ireland</option> <option value="Isle of Man">Isle of Man</option> <option value="Israel">Israel</option> <option value="Italy">Italy</option> <option value="Jamaica">Jamaica</option> <option value="Japan">Japan</option> <option value="Jersey (Channel Islands)">Jersey (Channel Islands)</option> <option value="Jordan">Jordan</option> <option value="Kazakhstan">Kazakhstan</option> <option value="Kenya">Kenya</option> <option value="Kiribati">Kiribati</option> <option value="Kuwait">Kuwait</option> <option value="Kyrgyzstan">Kyrgyzstan</option> <option value="Lao People's Democratic Republic">Lao People's Democratic Republic</option> <option value="Latvia">Latvia</option> <option value="Lebanon">Lebanon</option> <option value="Lesotho">Lesotho</option> <option value="Liberia">Liberia</option> <option value="Libya">Libya</option> <option value="Liechtenstein">Liechtenstein</option> <option value="Lithuania">Lithuania</option> <option value="Luxembourg">Luxembourg</option> <option value="Macau">Macau</option> <option value="Macedonia">Macedonia</option> <option value="Madagascar">Madagascar</option> <option value="Malawi">Malawi</option> <option value="Malaysia">Malaysia</option> <option value="Maldives">Maldives</option> <option value="Mali">Mali</option> <option value="Malta">Malta</option> <option value="Marshall Islands">Marshall Islands</option> <option value="Martinique">Martinique</option> <option value="Mauritania">Mauritania</option> <option value="Mauritius">Mauritius</option> <option value="Mayotte">Mayotte</option> <option value="Mexico">Mexico</option> <option value="Micronesia, Federated States of">Micronesia, Federated States of</option> <option value="Moldova, Republic of">Moldova, Republic of</option> <option value="Monaco">Monaco</option> <option value="Mongolia">Mongolia</option> <option value="Montenegro">Montenegro</option> <option value="Montserrat">Montserrat</option> <option value="Morocco">Morocco</option> <option value="Mozambique">Mozambique</option> <option value="Myanmar">Myanmar</option> <option value="Namibia">Namibia</option> <option value="Nauru">Nauru</option> <option value="Nepal">Nepal</option> <option value="Netherlands">Netherlands</option> <option value="Netherlands Antilles">Netherlands Antilles</option> <option value="New Caledonia">New Caledonia</option> <option value="New Zealand">New Zealand</option> <option value="Nicaragua">Nicaragua</option> <option value="Niger">Niger</option> <option value="Nigeria">Nigeria</option> <option value="Niue">Niue</option> <option value="Norfolk Island">Norfolk Island</option> <option value="North Korea">North Korea</option> <option value="Northern Mariana Islands">Northern Mariana Islands</option> <option value="Norway">Norway</option> <option value="Oman">Oman</option> <option value="Pakistan">Pakistan</option> <option value="Palau">Palau</option> <option value="Palestine">Palestine</option> <option value="Panama">Panama</option> <option value="Papua New Guinea">Papua New Guinea</option> <option value="Paraguay">Paraguay</option> <option value="Peru">Peru</option> <option value="Philippines">Philippines</option> <option value="Pitcairn">Pitcairn</option> <option value="Poland">Poland</option> <option value="Portugal">Portugal</option> <option value="Puerto Rico">Puerto Rico</option> <option value="Qatar">Qatar</option> <option value="Republic of Kosovo">Republic of Kosovo</option> <option value="Reunion">Reunion</option> <option value="Romania">Romania</option> <option value="Russia">Russia</option> <option value="Rwanda">Rwanda</option> <option value="Saint Kitts and Nevis">Saint Kitts and Nevis</option> <option value="Saint Lucia">Saint Lucia</option> <option value="Saint Martin">Saint Martin</option> <option value="Saint Vincent and the Grenadines">Saint Vincent and the Grenadines</option> <option value="Samoa (Independent)">Samoa (Independent)</option> <option value="San Marino">San Marino</option> <option value="Sao Tome and Principe">Sao Tome and Principe</option> <option value="Saudi Arabia">Saudi Arabia</option> <option value="Senegal">Senegal</option> <option value="Serbia">Serbia</option> <option value="Seychelles">Seychelles</option> <option value="Sierra Leone">Sierra Leone</option> <option value="Singapore">Singapore</option> <option value="Sint Maarten">Sint Maarten</option> <option value="Slovakia">Slovakia</option> <option value="Slovenia">Slovenia</option> <option value="Solomon Islands">Solomon Islands</option> <option value="Somalia">Somalia</option> <option value="South Africa">South Africa</option> <option value="South Georgia and the South Sandwich Islands">South Georgia and the South Sandwich Islands</option> <option value="South Korea">South Korea</option> <option value="South Sudan">South Sudan</option> <option value="Spain">Spain</option> <option value="Sri Lanka">Sri Lanka</option> <option value="St. Helena">St. Helena</option> <option value="St. Pierre and Miquelon">St. Pierre and Miquelon</option> <option value="Sudan">Sudan</option> <option value="Suriname">Suriname</option> <option value="Svalbard and Jan Mayen Islands">Svalbard and Jan Mayen Islands</option> <option value="Swaziland">Swaziland</option> <option value="Sweden">Sweden</option> <option value="Switzerland">Switzerland</option> <option value="Syria">Syria</option> <option value="Taiwan">Taiwan</option> <option value="Tajikistan">Tajikistan</option> <option value="Tanzania">Tanzania</option> <option value="Thailand">Thailand</option> <option value="Timor-Leste">Timor-Leste</option> <option value="Togo">Togo</option> <option value="Tokelau">Tokelau</option> <option value="Tonga">Tonga</option> <option value="Trinidad and Tobago">Trinidad and Tobago</option> <option value="Tunisia">Tunisia</option> <option value="Turkey">Turkey</option> <option value="Turkmenistan">Turkmenistan</option> <option value="Turks & Caicos Islands">Turks & Caicos Islands</option> <option value="Turks and Caicos Islands">Turks and Caicos Islands</option> <option value="Tuvalu">Tuvalu</option> <option value="Uganda">Uganda</option> <option value="Ukraine">Ukraine</option> <option value="United Arab Emirates">United Arab Emirates</option> <option value="United Kingdom">United Kingdom</option> <option value="Uruguay">Uruguay</option> <option value="USA Minor Outlying Islands">USA Minor Outlying Islands</option> <option value="Uzbekistan">Uzbekistan</option> <option value="Vanuatu">Vanuatu</option> <option value="Vatican City State (Holy See)">Vatican City State (Holy See)</option> <option value="Venezuela">Venezuela</option> <option value="Vietnam">Vietnam</option> <option value="Virgin Islands (British)">Virgin Islands (British)</option> <option value="Virgin Islands (U.S.)">Virgin Islands (U.S.)</option> <option value="Wallis and Futuna Islands">Wallis and Futuna Islands</option> <option value="Western Sahara">Western Sahara</option> <option value="Yemen">Yemen</option> <option value="Zambia">Zambia</option> <option value="Zimbabwe">Zimbabwe</option> </select> </div> <div class="mc-field-group input-group"> <strong>You are: </strong> <ul><li><input type="radio" value="Academic" name="MMERGE4" id="mce-MMERGE4-0"><label for="mce-MMERGE4-0">Academic</label></li> <li><input type="radio" value="Policymaker" name="MMERGE4" id="mce-MMERGE4-1"><label for="mce-MMERGE4-1">Policymaker</label></li> <li><input type="radio" value="Researcher" name="MMERGE4" id="mce-MMERGE4-2"><label for="mce-MMERGE4-2">Researcher</label></li> <li><input type="radio" value="Entrepreneur" name="MMERGE4" id="mce-MMERGE4-3"><label for="mce-MMERGE4-3">Entrepreneur</label></li> <li><input type="radio" value="Journalist" name="MMERGE4" id="mce-MMERGE4-4"><label for="mce-MMERGE4-4">Journalist</label></li> <li><input type="radio" value="Other (please specify)" name="MMERGE4" id="mce-MMERGE4-5"><label for="mce-MMERGE4-5">Other (please specify)</label></li> </ul> </div> <div class="mc-field-group"> <label for="mce-MMERGE5">Other </label> <input type="text" value="" name="MMERGE5" class="" id="mce-MMERGE5"> </div> <div class="mc-field-group input-group"> <strong>I'm interested in entrepreneurship in: </strong> <ul><li><input type="checkbox" value="2" name="group[24157][2]" id="mce-group[24157]-24157-0"><label for="mce-group[24157]-24157-0">Sub-Saharan Africa</label></li> <li><input type="checkbox" value="4" name="group[24157][4]" id="mce-group[24157]-24157-1"><label for="mce-group[24157]-24157-1">Middle East and North Africa</label></li> <li><input type="checkbox" value="8" name="group[24157][8]" id="mce-group[24157]-24157-2"><label for="mce-group[24157]-24157-2">Central Asia</label></li> <li><input type="checkbox" value="16" name="group[24157][16]" id="mce-group[24157]-24157-3"><label for="mce-group[24157]-24157-3">South and Eastern Asia</label></li> <li><input type="checkbox" value="32" name="group[24157][32]" id="mce-group[24157]-24157-4"><label for="mce-group[24157]-24157-4">Oceania</label></li> <li><input type="checkbox" value="64" name="group[24157][64]" id="mce-group[24157]-24157-5"><label for="mce-group[24157]-24157-5">Europe (EU)</label></li> <li><input type="checkbox" value="128" name="group[24157][128]" id="mce-group[24157]-24157-6"><label for="mce-group[24157]-24157-6">Europe (non-EU)</label></li> <li><input type="checkbox" value="256" name="group[24157][256]" id="mce-group[24157]-24157-7"><label for="mce-group[24157]-24157-7">North America</label></li> <li><input type="checkbox" value="512" name="group[24157][512]" id="mce-group[24157]-24157-8"><label for="mce-group[24157]-24157-8">Latin America and the Caribbean</label></li> </ul> </div> <div id="mce-responses" class="clear"> <div class="response" id="mce-error-response" style="display:none"></div> <div class="response" id="mce-success-response" style="display:none"></div> </div>  <div style="position: absolute; left: -5000px;" aria-hidden="true"><input type="text" name="b_952b6df0692f9b5c4c0e95b6f_16aca169f9" tabindex="-1" value=""></div> <div class="clear"> <input type="submit" value="Subscribe" name="subscribe" id="mc-embedded-subscribe" class="button"> </div> </div> </form> </div>  </div> <div class="modal-footer"> <a class="btn btn-secondary" href="https://www.gemconsortium.org/report/50691" > Already Subscribed? </a> </div> </div> </div> </div> <div id="loader"> <div class="loader">Loading...</div> </div> <input id="baseurl" name="baseurl" type="hidden" value="https://www.gemconsortium.org"> <script src="https://www.gemconsortium.org/js/vendor/jquery.min.js"></script> <script src="https://www.gemconsortium.org/js/vendor/bootstrap.min.js"></script> <script src="https://www.gemconsortium.org/js/site/d3.v3.min.js"></script> <script src="https://www.gemconsortium.org/js/site/topojson.v1.min.js"></script> <script src="https://www.gemconsortium.org/js/vendor/jquery.cookie.js"></script> <script src="https://www.gemconsortium.org/js/vendor/jquery.tablesorter.min.js"></script> <script src="https://www.gemconsortium.org/js/vendor/jPages.min.js"></script> <script src="https://www.gemconsortium.org/js/site/site.js?v=1"></script> <script src="https://www.gemconsortium.org/js/site/common.js?v=1"></script> <script src="/js/manifest.js?id=d07251febd29d2c18fee" type="text/javascript"></script> <script src="/js/vendor.js?id=5ff9b3f61958cf546828" type="text/javascript"></script> <script src="/js/app.js?id=6393e57784a58e7e6229" type="text/javascript"></script> </body> </html>

CINXE.COM

GEM Global Entrepreneurship Monitor