While the price of gold skyrockets at $1400 an ounce, far-sighted individuals in Barcelona, Spain, and Santiago, Chile, are looking to corner the market on a more renewable resource: entrepreneurship, or emprendimiento. This scarce and valuable resource drives economic growth and social development. Despite what policymakers will tell you, it is the root cause of national competitiveness, clusters, the knowledge economy and innovation systems. Not the other way around.
With that in mind, ambitious new organisations like Start-up Chile and Barcelona Activa are mining the world’s “entrepreneurial supply chain” in the belief that globally-oriented entrepreneurs will kick-start the next economic revolutions in Latin America and Europe.
In November, Start-Up Chile welcomed 25 teams of ambitious young entrepreneurs from 13 countries, including France, China, Portugal, Spain, Israel and India. "Today it is about global entrepreneurship," said founder Nicolas Shea, who returned to his native Chile from Silicon Valley to create Start-Up Chile. "Unlike countries such as Ireland or India, the Chilean diaspora is very small, so we need to accelerate with people from all around the world. “
To read the full, original article click on this link: New gold | The Ideas Economy
Author: Daniel Isenberg
