The Global Entrepreneurship Monitor (GEM) Consortium in London has published its new Global Report. This also newly contains the National Entrepreneurship Context Index (NECI). The index measures how easy it is to start a company or further develop an existing business in a respective country. Switzerland was ranked in first place globally for this index, as detailed in a press release issued alongside the report.
Lage firms investing in start-ups
This impressive ranking is, among other factors, down to the cantons and cities of Switzerland, who have effectively promoted proper media coverage on the issue of entrepreneurship, explains Rico Baldegger, Director and Professor at the Fribourg School of Management, in the press release. He also highlights the fact that many large companies are investing in start-ups in Switzerland, which serves to drive entrepreneurship within the country.
Diversity supporting entreprenuership
According to Baldegger, the high level of cultural and linguistic diversity in Switzerland also plays a key role in entrepreneurship. With a total of four national languages and an extensive network of researchers and companies in the country, Switzerland is extremely well positioned in this regard.
After Switzerland, second place in the rankings went to the Netherlands, followed by Qatar, China and the United Arab Emirates to round off the top five.