Kuwait Needs to Nurture Startups, Encourage Entrepreneurs
Govt Needs to Build on Ecosystem of ‘Smart Specialization’
On behalf of the Kuwait Foundation for the Advancement of Sciences (KFAS) and KAMCO Investment Company, BRG professionals performed a study to investigate the business and strategic considerations facing Kuwaiti entrepreneurs as they decide where to found, grow, and/or relocate their companies. The objectives of the study were to identify key barriers facing Kuwaiti entrepreneurs; analyze gaps in Kuwait’s entrepreneurial ecosystem on an objective basis, as well as in comparison to the locations that these entrepreneurs are considering or have already relocated to; and make recommendations as to how the government’s efforts to support entrepreneurship as a means to diversifying the economy may be better aligned with the needs and aspirations of Kuwaiti entrepreneurs. The study utilizes the Cluster of Innovation (COI) Framework for understanding entrepreneurial ecosystems.
Read the paper, Cluster of Innovation Framework Study: Kuwait.