Global Entrepreneurship. impact report

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1 Global Entrepreneurship Week 2013 impact report march 2014

2 contents ForeWord 02 What Is GEW? 06 A World of Impact 08 Accelerating Entrepreneurship 11 VIP Engagement 15 Brand Engagement 26 A GLOBAL ENTREPRENEURSHIP NETWORK 32 GEW GLOBAL 34 OUR HOSTS 36 Hosts By Type 37 OUR GLOBAL PARTNERS & supporters 38 Our Reach: Country Metrics 40 Looking Ahead 52

3 foreword Jonathan Ortmans President, Global Entrepreneurship Week Global Entrepreneurship Week 2013 Impact Report

4 The entrepreneurial spirit has now spread widely across the planet. In the words of one delegate at the Global Entrepreneurship Congress in Rio de Janeiro last year, We are evangelizing for entrepreneurship but who is the opposition? It is now increasingly true we have won. Startups are now springing up in the most unexpected corners of the globe. Entrepreneurial programs, capital and talent are traveling to find the most promising founder teams. And savvy national policy advisors are in regular dialogue with their startup ecosystems in an on-going quest to smooth the path for new firms to start and scale. Since it began in 2008, Global Entrepreneurship Week has played an important part in bringing about this dynamism that ultimately has led to the democratization of entrepreneurship. Starting as a grassroots movement anchored in established economies with stable political systems, it has matured to a global platform blind to types of economies, cultures and value systems fueled by the promise of human endeavor for the benefit of all. During the past year, GEW focused on expanding its footprint in challenging markets flourishing in countries like Iran, Libya and Venezuela that are hardly known as bastions of capitalism or risk taking. In the words of the late Zeyad Ben Halim, GEW Libya s 2013 team leader, Global Entrepreneurship Week helped give birth to a new movement of creative entrepreneurs optimistic about their future just when a post-conflict Libya needed them most. Zeyad, who sadly passed away recently, will be an inspiration to our teams around the world for years to come for his work in pioneering such promise despite difficult circumstances. Beyond the Week In total, GEW Global signed 22 new national agreements with host organizations and leadership teams bringing the formal collective global engagement to 140 nations. Those nations continue to establish formal boards and independent organizations to assure the long-term sustainability of their entrepreneurial ecosystem using GEW leadership as connective tissue. Dell a long-time global sponsor of GEW that is now dubbed the world s largest startup was joined at the national level by brands like Barclays (UK), BASF (Germany), Coca-Cola (US), Google (US), Nokia (Finland), SAB Miller (South Africa), Samsung (South Korea), Santander (Spain), Toyota (Japan), Vodafone (UK) and many more in an effort to demonstrate how important startups can be in breathing vitality and innovation into large firm culture. And at the heart of it all were thousands of new founder teams and young startups using GEW as a chance to unleash their ideas including prize winning startups from Kansas City, Berlin, Dhaka, Toronto and Zagreb who won GEW competitions that provided them with additional capital and connections to accelerate their growth. Foreword 3

5 The Challenge Ahead However, with such great success come new challenges. This globalization of entrepreneurship has brought an explosion of programs, startup communities and investments into a new field where there is a paucity of data around what works and what does not in supporting nascent entrepreneurs and new firms preparing to scale. In addition, as cities and nations more widely acknowledge the vital role of entrepreneurs in their economies, traditional business, education and government leaders arrive at the table unfamiliar with the new role assigned to them as feeders to entrepreneurs who have positioned themselves as the leaders of this global collection of startup communities. To address these developments, over the next three years, GEW Global will embark on an ambitious agenda to better support a maturing collection of entrepreneurial ecosystems around the world. This includes: 66 Expanding the number of ordinary citizens working for or starting firms around the world by fully legitimizing entrepreneurs in all cultures and economies. The world needs more entrepreneurs. 66 Increasing understanding between the new and traditional elements of emerging startup communities and ecosystems including the constructive engagement of the public sector in supporting entrepreneur designed public programs. It takes a village where everyone collaborates to succeed. 66 Supporting the emergence of a new class of global entrepreneurs supported through access to research, programs and networks inside the 140 nation strong GEW network. National boundaries are porous to innovation and a new creative class of risk takers is hard-wired to a global network. 66 Connecting an emerging community of national startup policy advisors with a next generation network of world-class entrepreneurship research institutions in an effort to generate more robust research and data to support evidencebased policymaking and more effective entrepreneurial support programming. In short, data and analysis on what works and what does not in helping new firm formation. To support these missions, in 2014 GEW Global is rolling out a slate of new partnerships and initiatives: 66 A collaboration with the World Economic Forum and the Kauffman Foundation is bringing a new Global Entrepreneurship Library serving as an international portal of knowledge and resources to enable entrepreneurial success. 66 A new GEW Mindset Project, launched in partnership with the Entrepreneur Learning Initiative, will engage students around the world in a learning program about the fundamental aspects of an entrepreneurial mindset. 66 The GEW Startup Nations network made up of public sector-led efforts to promote smarter policymaking and programs on behalf of startups will come together at a Startup Nations Summit in Korea during Global Entrepreneurship Week in November The inaugural meeting of the Global Entrepreneurship Research Network gets underway at the GEC in

6 Moscow in its work to align efforts among the world s major funders of entrepreneurship research in order to better inform policymakers and funders of entrepreneurial support programs. 66 A GEW Survey to collect data from founders across GEW s Global Entrepreneurship Network (GEN) about the state of their entrepreneurial ecosystem and what policymakers can do to improve it. 66 A new partnership with Startup Genome to map startup ecosystems and their weaknesses within the GEW community. 66 The launch of a Global Creativity Coalition and an annual summit during the GEC to further engage the creative industries in the global entrepreneurial community 66 A partnership with the U.S. State Department around a governmentconvened entrepreneurship summit in Morocco during Global Entrepreneurship Week in November of GEC2 a new series to take deepdives into specific topics or regions launches in Croatia in September hosted by Croatian President Ivo Josipovic. The weeklong event will focus on entrepreneurship education, piloting the GEW Mindset Project and a new event called 10x10 where 10 groups of 10 young nascent entrepreneurs from various countries come together to develop companies real-time. GEW Global embarks on this mission with newly approved multi-year funding from the Kauffman Foundation, an experienced new Board of Directors, and a talented staff with experience in multiple regions and languages. As more of the world embraces their entrepreneurs and the science of startups, the role of Global Entrepreneurship Week as the platform from which to efficiently build teams, strengthen relationships and develop a body of robust research will become even more important. In the weeks, months and years ahead, GEW will continue to prove that a disparate collection of players can indeed work well together advancing new firm formation and legitimizing a solid pathway to job creation Foreword 5

7 What is GEW? More Than Just the world s Largest Celebration of Entrepreneurship Global Entrepreneurship Week is an expanding platform for connection and collaboration that helps millions of people unleash their ideas and turn them into promising new ventures solving global challenges and strengthening economic stability around the world. During one week each November, more than 25,000 events, activities and competitions in 140 countries connect participants to potential collaborators, mentors and even investors. Millions who had never before considered launching their own ventures soak up advice and inspiration from the likes of Richard Branson and Michael Dell. Thousands of brand new startups spring to life through bootcamps like Startup Weekend and competitions like Startup Open. Hundreds of universities strengthen connections that help them commercialize research from their labs. Researchers and policymakers engage in discussions around the world to examine the underlying policies necessary to promote entrepreneurial growth. And serial entrepreneurs share their expertise and provide mentorship through a range of programs. Meanwhile, world leaders and local elected officials alike have embraced the campaign as they look to fuel the economic engine of high-growth startups in their own countries and communities. During 2013 alone, 126 heads of state and ministers from 69 countries participated by speaking at activities during the Week, filming statements of support or otherwise endorsing the national campaigns in their countries. The initiative launched in 2008 and has quickly grown to more than 140 countries with national campaigns hosted by a range of organizations that reach new audiences, test intervention methodologies and strengthen their entrepreneurial ecosystems giving rise to the next generation of entrepreneurs and empowering them to make their mark on the world.

8 #GEW 140 9,925 25,621 6,630,292 What is GEW? 7

9 Global Entrepreneurship Week 2013 Impact Report

10 a World of impact Global Entrepreneurship Week

11 With millions of participants in more countries than ever before, Global Entrepreneurship Week continues to build on its historical success. But its true impact cannot be measured only by simple metrics like the number of countries (140), partners (9,925) or activities (25,621). Creating lasting impact is a challenging task, does not happen overnight and is difficult to measure. A 2013 report by the Kauffman Foundation quantifies the importance of connections and shows that there is a strong link between knowing an entrepreneur and being one yourself. More than one in three survey respondents who knew an entrepreneur were entrepreneurs themselves. This reinforces what many of us already believed to be true that entrepreneurship is behavior learned in part through imitation. That line of reasoning is the foundation for Global Entrepreneurship Week and why it focuses on creating connections that build and strengthen entrepreneurial ecosystems in communities around the world. Global Entrepreneurship Week uses activities, events and competitions to inspire nascent entrepreneurs and connect them with potential collaborators, mentors and investors to help them start and scale. It also creates connections between startup communities and policymakers that help shape policy environments conducive to entrepreneurial growth. And it leverages the resources and reach of global brands in its national campaigns. But to truly appreciate the far-reaching impact of GEW, it is best to look to the countries that celebrate it. In Algeria, the Minister of Industry created a National Day of Entrepreneurship to occur every November during GEW. The Angolan government created a new fund for entrepreneurs and developed its first national policy on entrepreneurship since achieving independence in In Belgium, the Pulse Foundation is crediting GEW for the birth of a national entrepreneurship community overcoming a fragmented government that has considered entrepreneurship a regional issue. A pair of Brazilian governors, in São Paulo and Minas Gerais, unveiled plans for new programs to support potential high-growth startups. Yo Emprender reports in Costa Rica that the government provided $1.8 million in seed capital to 13 entrepreneurs. In Georgia, the Innovation and Entrepreneurship Development Center is collaborating with the government on new policies to promote entrepreneurship. Klak Innovit credits international partnerships made through GEW with giving Iceland startups a global mindset that will help them break out from their small home market. The GEW India campaign worked to expand the pool of early-stage risk capital in the country by piloting a training program for potential angel investors. The Universitas Ciputra Entrepreneurship Center worked with the Indonesian Central Bank (BI) to launch a new program to train local entrepreneurs in agribusiness and connect them with one of the biggest supermarket chains in Indonesia. The now-annual SlumFest in Kenya is inspiring vulnerable youth in urban slums and providing them with startup capital to launch new enterprises. In Lebanon, a new Life Long Entrepreneurial Learning Program was launched by a GEW partner in collaboration with the Ministry of Education and Higher Education. IT Park, a state-funded incubator in Mongolia, is integrating GEW activities into its program for 300 startups. A relationship born from the 2012 GEC in Liverpool between Youth Business International and Enterprise Uganda resulted in a new agreement to fund entrepreneurship training and mentoring support for 10,000 youth in northern Uganda. These are just a handful of examples that continue to surface from more than 140 countries. As GEW continues to build and grow the entrepreneurial ecosystems in these countries, its impact multiplies. Global Entrepreneurship Week 2013 Impact Report

12 Accelerating Entrepreneurship EyeVerify Wins Global Title Belt in Rotterdam EyeVerify, a tech startup from Kansas City with a software solution that verifies identity via a human eyeprint and smartphone, delivered the knockout pitch in the global finals of Get In the Ring, a featured competition of Global Entrepreneurship Week. More than 1,000 startups across 32 countries competed for a shot at $1.3M in potential angel investment. EyeVerify defeated finalists from the Netherlands, Bulgaria, Greece, Germany, Canada, Spain and the United Kingdom. It was a busy week of pitching for EyeVerify and its founder and CEO, Toby Rush, who earlier in the week competed in the U.S. national finals held at the Ewing Marion Kauffman Foundation and immediately boarded a flight to Rotterdam for the finals. EyeVerify has developed a smartphone technology that identifies users by pattern-matching blood vessels in the whites of the eye. The technology creates an eyeprint that is more accurate than fingerprint scanning. The technology is compatible with virtually every smartphone on the market. Teddy the Guardian Doubles Up During GEW Teddy the Guardian, a completely organic plush teddy bear that measures children s vital signs seamlessly as they play, had an impressive Global Entrepreneurship Week. The Croatian startup took top honors in two featured competitions on the same day. Created by Josipa Majic and Ana Burica, co-founders of iderma, a tech startup in Zagreb, Croatia, Teddy beat out startups from 31 countries to be named the winner of the 2013 Startup Open. The competition, run by the organizers of Global Entrepreneurship Week, identifies and recognizes the most promising young firms with a startup moment within the past 12 months. Teddy also emerged victorious at the Creative Business Cup after out-pitching startups in the creative industries from 36 countries at the global finals in Copenhagen, Denmark. Prince Joachim of Denmark handed out awards to the prize winners, and Henrik Sass Larsen, the Danish Minister for Business and Growth, discussed the importance of the creative industries to future economic growth. A World of Impact 11

13 Each Teddy bear has built-in medical sensors that monitor a child s heart rate, body temperature and oxygen saturation. Every time a child puts Teddy s paw on his forehead or hugs him, the bear s sensors detect values, record them and transmit them in real time to a mobile app where data is analyzed, visualized, managed and downloaded by medical staff and parents. Earlier this summer, I had the pleasure of meeting Croatian President Ivo Josipovic and he stressed to me the importance of instilling an entrepreneurial mindset in the people of his country, said Jonathan Ortmans, president of Global Entrepreneurship Week and a senior fellow at the Kauffman Foundation. He should know that he has a shining example of innovation right in the capital city. For the wins, Teddy the Guardian founder Josipa Majic receives an all-expensespaid trip to Moscow, Russia, to serve as an official delegate to the Global Entrepreneurship Congress in March 2014 as well as $20,000 in cash and a free three-month stay at the GEW Startup House in Kansas City s Startup Village. One Startup Open finalist from Bangladesh, Soumik Aswad for Panacea, won a runner-up prize of one year of mentoring from successful entrepreneurs courtesy of the Entrepreneurs Organization as well as a free 3-month stay at the GEW Startup House. The Dhaka-based startup s mobile application allows customers to verify the authenticity of medication and pharmaceuticals an all-too-common problem with counterfeiters in its native Bangladesh with a quick QR code scan. Survey Provides Snapshot of Policy Environment for Entrepreneurs in 30 Countries What do entrepreneurs in America have in common with entrepreneurs in Qatar? More than you might imagine, according to a survey sponsored by the organizers of Global Entrepreneurship Week. The 2013 GEW Policy Survey results, released by GEW co-creator and cosponsor, the Ewing Marion Kauffman Foundation, reveal both similarities and differences among entrepreneurs around the world in their perceptions of entrepreneurial policies and other resources. Participants were asked to respond to 12 statements about their experiences in the areas of regulation, access to resources and entrepreneurial environment. The results begin to paint a picture of the cultural and regulatory conditions entrepreneurs experience around the globe. The survey was designed as an experimental means of gathering and publishing a standardized set of information worldwide on the entrepreneurial experience to inform government policies, said Dane Stangler, vice president of Research and Policy at the Kauffman Foundation. The sample size is large and dispersed enough to indicate differences among regions and nations that are both logical and, at least in part, statistically significant. In terms of their respective entrepreneurial environments, respondents worldwide had a slightly negative experience. However, this varied among the eight different regions represented: composite scores for Australia & Oceania and for North America were significantly more positive while scores for Latin America & Caribbean and Global Entrepreneurship Week 2013 Impact Report

14 Eastern Europe were significantly more negative. Responses to the four statements regarding regulation including the process for registering a business with the government is clear and easy and public officials who regulate business are competent and honest received the lowest average scores. The most positive response worldwide was to the resourcesrelated statement entrepreneurs like me have access to advisors and mentors who can provide helpful guidance. Interestingly, the statements with the lowest average scores also had the largest variances, suggesting that entrepreneurship-related regulations vary significantly from country to country. Other survey findings include: Respondents from the Pacific and South Asian region had the highest percentage of males (82.2 percent) and the lowest average age (33.7 years). North America had the lowest percentage of males (53 percent), while Western Europe had the highest average age (40.5 years). Of the countries surveyed, Qatar had the highest (i.e. most positive) composite score with 5.0, while Greece had the lowest score with 2.5, the latter likely a reflection of that country s recent economic woes. Worldwide, access to advisors/mentors (4.3) and fairness of competitors operating in compliance with the law (4.3) were most commonly rated positively. Tax laws were most likely to be seen as impediments (3.5) and courts perceived as not resolving disagreements effectively (3.5). A higher score on any one statement increased the likelihood of a higher score on every other statement, suggesting that the elements of entrepreneurs experience are synergistic improvements in any one are likely to be associated with improvements in others. The coefficients for any one statement and each other statement in the same category (regulation, access to resources, entrepreneurial environment) are relatively high (between 0.32 and 0.64). In other words, improvements in any one dimension of the entrepreneurial experience tend to be associated with other improvements in the same category. The results of this initial survey were both informative and thought-provoking, said Jonathan Ortmans, president of Global Entrepreneurship Week and a Kauffman Foundation senior fellow. We hope these kinds of surveys along with other efforts underway at GEW will help drive a conversation between startup communities and government policy advisors eager to accelerate the pace of new firm formation in their countries. Toronto Still Home to Global Startup Battle Champion For the second consecutive year, a startup from Toronto came away victorious from the Global Startup Battle, a competition that takes more than 20,000 people from over 200 cities and turns them into founder teams to compete for $500,000 in prizes. Pawly is your dog s friend, a company that provides a new way to interact with pets. It is an app and accompanying chew toy that the pet can play with while users talk and interact using a smartphone. The chew toy has a high definition camera and video recorder with a built-in microphone and speaker. During the Startup Weekend Maker Edition in Toronto during Global Entrepreneurship Week, co-organizer Sunil Sharma said of Pawly, The Pawly team was an impressive combination of robotics engineers, A World of Impact 13

15 software developers and industrial and graphic designers who literally printed and assembled the parts of Pawly using the 3D printers, laser cutters, wiring harnesses and chipsets. Sharma continued, Robotics is a very hot space right now, and I am hopeful that they will continue with their work and make a lasting company from this fantastic start. For its efforts, the founding team received $20,000 in match funding for Pawly s Indiegogo crowdfunding campaign, a trip to Google s headquarters in San Francisco for three Pawly members and a Google hangout with a celebrity entrepreneur. German Startup Promotes Urban Farming, Wins Cleantech Competition ECF Farmsystems, a German startup that builds aquaponic farm systems that enable resource-efficient fish and vegetable production in urban environments, took first place in the Cleantech Open Global Ideas Competition. Orchestrated in conjunction with Global Entrepreneurship Week, the annual competition brings early-stage startups with breakthrough cleantech ideas to Silicon Valley to compete for a chance at more than $100,000 worth of startup services. All entries must be a startup with less than $1 million from private third party funding at the time of entry. It is a great recognition to be part of this fantastic event, said Nicolas Leschke, CEO of ECF Farmsystems. All cleantech startups are winners because we dedicate our lives to leaving a mark for future generations. For the finals, 28 teams from around the world convened in San Jose at the Cleantech Open Global Forum, the Academy Awards of Cleantech, which marked the grand finale of this year s Cleantech Open Accelerator. Cleantech innovators from Cape Verde, Lebanon, Vietnam and beyond were beamed in via videoconference. After two days of intensive judging, ECF Farmsystems was selected to be among a group of five national winners selected to present to a final jury of investors and technology experts. Other finalists include: Cibus (Costa Rica), Eternal Sun (Netherlands), GreenSpense (Israel) and Naked Energy (United Kingdom). As 14 to 24 percent of global greenhouse gas emissions and 70 percent of humanity s fresh water usage are as a direct result of agricultural activity, ECF Farmsystems could have a major impact far outside Germany, said Kevin Braithwaite, chair of the competition. We should be truly global in our search for the most innovative solutions to the most pressing environmental, economic and social challenges facing our planet. Global Entrepreneurship Week 2013 Impact Report

16 VIP Engagement A global race to build the best startup ecosystem is going on, and it is a race that is open to all types of economies and regions. Acknowledging an emerging collection of research and data pointing to the potential of new and young firms, thought leaders and elected officials at all levels alike have embraced Global Entrepreneurship Week through proclamations as well as participation as they look to fuel the economic engine of high-growth startups in their own countries and communities. During November 2013, 126 heads of state and ministers from 69 countries participated in Global Entrepreneurship Week, including: ALGERIA Mohamed Benmeradi, Minister of Industry, SMEs and Investment Promotion BELARUS Nikolai Snopkov, Minister of the Economy BELGIUM Kris Peeters, Minister-President of the Flanders Region Sabine Laruelle, Minister of Self-Employed, SMEs and Agriculture BENIN Safiou Idrissou Affo, Minister of Youth and Sports BERMUDA Michael Fahy, Minister for Home Affairs Michael Dunkley, Minister for National Security A World of Impact 15

17 v BHUTAN Prime Minister Lyonchen Tshering Tobgay Lyonpo Nima Sangay Tshempo, Minister of Labour and Human Resources Lyonpo Norbu Wangchuk, Minister for Economic Affairs BULGARIA President Rosen Plevneliev Prime Minister Plamen Orecharski CAMBODIA Hang Chuon Naron, Minister of Education, Youth and Sport Meng Saktheara, Minister of Industry and Handicrafts Global Entrepreneurship Week 2013 Impact Report

18 CAMEROON Emmanuel Nganou Djoumessi, Minister for the Economy & National Planning Laurent Serge Etoundi Ngoa, Minister of SMEs, Social Economy and Handicrafts Adoum Garoua, Minister of Youth Affairs Zacharie Perevet, Minister of Employment and Professional Training CANADA Prime Minister Stephen Harper Chris Alexander, Minister of Citizenship and Immigration Diane Finley, Minister of Public Works and Government Services Jason Kenney, Minister of Employment and Social Development and Minister for Multiculturalism Maxime Bernier, Minister of State for Small Business and Tourism Steve Kent, Minister of Municipal and Intergovernmental Affairs CAPE VERDE President Jorge Carlos Fonseca Prime Minister José Maria Neves Humberto Brito, Minister of Tourism, Industry and Energy Antonio Correia, Minister of Higher Education, Science and Innovation CHINA President Xi Jinping CHINESE TAIPEI Den-Yi Wu, Vice President of the Republic of China A World of Impact 17

19 COLOMBIA Santiago Rojas, Minister of Commerce and Industry COSTA RICA President Laura Chinchilla Miranda Mayi Antillón, Minister of Economy Industry and Commerce Gloria Abraham, Minister of Agriculture COTE D IVOIRE Jean Louis Billon, Minister of Trade Alain Logognon, Minister of Youth and Sport CROATIA President Ivo Josipovic Gordon Maras, Minister of Entrepreneurship & Craft CYPRUS Andri Anastasiades, First Lady of Cyprus CZECH REPUBLIC Jiri Cienciala, Minister of Industry and Trade Dalibor Štys, Minister of Education DOMINICA Prime Minister Ambrose George (acting) Justina Charles, Minister for Culture, Youth and Sports DOMINICAN REPUBLIC Ligia Amada Melo, Minister of Higher Education, Science and Technology Global Entrepreneurship Week 2013 Impact Report

20 EGYPT Osama Saleh, Minister of Investment ETHIOPIA Mekuria Haile, Minister of Urban Development GERMANY Philipp Rösler, Minister of Economics and Technology GREENLAND Jens-Erik Kirkegaard, Minister of Industry & Mineral Resources GUATEMALA President Otto Pérez Molina Sergio De la Torre, Minister of Economy HUNGARY János Martonyi, Minister of Foreign Affairs Zoltán Cséfalvay, Minister of State for National Economy ICELAND Steingrímur J. Sigfússon, Minister of Industry and Innovation INDONESIA Sjarifuddin Hasan, Minister for Small and Medium Enterprises Ir. H. Suswono, Minister for Agriculture M.A.S. Hikam, Minister of State for Research and Technology IRELAND Taoiseach (Prime Minister) Enda Kenny A World of Impact 19

21 ISRAEL Prime Minister Benjamin Netanyahu Gideon Sa ar, Minister of the Interior Eugene Kandel, Head of the National Economic Council ITALY Emma Bonino, Minister of Foreign Affairs JAMAICA Lisa Hanna, Minister of Youth & Culture Anthony Hylton, Minister of Industry, Investment & Commerce KAZAKHSTAN Bakytzhan Sagintaev, First Deputy Prime Minister and Minister of Regional Development KENYA Adan Mohammed, Minister of Industrialization and Enterprise Development LATVIA Daniels Pavluts, Minister of Economics LEBANON Nicolas Sahnaoui, Minister of Telecommunications MACEDONIA Vele Samak, Minister for Attracting Foreign Investments MADAGASCAR Botozaza Pierrot, Deputy Prime Minister for Economy and Industry Global Entrepreneurship Week 2013 Impact Report

22 MALTA Chris Cardona, Minister for the Economy, Investment and Small Business Evarist Bartolo, Minister for Education and Employment MAURITIUS Xavier Duval, Vice-Prime Minister & Minister of Finance J. Seetaram, Minister of Business, Enterprise and Cooperatives MONACO Michel Roger, Minister of State Jean Castellini, Minister for Economy and Finance MONGOLIA Battulga Khaltmaa, Minister of Industry and Agriculture MOZAMBIQUE Fernando Sumbana Junior, Minister of Youth Armando Inroga, Minister of Industry and Trade NAMIBIA Nahas Angula, Minister of Defense David Namwandi, Minister of Education NEW ZEALAND Prime Minister John Key NIGERIA Olusegun Olutoyin Aganga, Minister of Industry, Trade and Investment A World of Impact 21

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