- Jay Maharjan
I recently saw the visiting Chilean minister of economy Juan Andrés Fontaine speaking to American entrepreneurs – inviting them to come to innovate in Chile, entirely on their dime. It is a brilliant idea if you think of it and quite radical at the same time. The Chilean government is sponsoring 25 start-up ideas to launch out of Chile. Instead of funding local Chilean entrepreneurs, they are funding creative, innovative entrepreneurs from Silicon Valley and elsewhere in the world. The full result of this experiment is yet to be seen, but I think the Chilean government has already received a lot of respect and buzz in the media within the United States.
Having first hand knowledge of countries been through revolution, conflicts and economic turmoil, I am starting to feel more strongly that innovation and entrepreneurship are the only paths for raising socio-economic status in the 21st century – the era of the conceptual generation, economy. I am a strong believer that emerging markets, governments within growing economies should be the stewards of steering the economy in the right direction – and focus on contributing to build an entrepreneurial, sustainable platform for exponential long term growth over waiting for the natural course of linear growth.
The Chilean model will be especially interesting to observe in the days to come as many nations around the world can potentially replicate the model – and what better way to learn and contribute to the global entrepreneurial economy than imitating what works in one part of the world. 4entrepreneur.net is committed to follow through on the Chilean effort. We have approached the Chilean government, local office in Los Angeles to collaborate and will keep our progress updated. Another area that we are exploring is to collaborating with VC communities focused on helping entrepreneurs in Africa. 4entrepreneur.net partnered with VC4Africa when they were just starting three years back. Now, they have a large pool of venture capitalists actively participating. In 2011, we look forward to collaborating, contributing their larger effort as well.
“Instead of changing the world through revolution, we can change the world through Innovation” – Chilean Minister of economy J.A. Fontaine