Entrepreneurship%20Indicators%20Project%20%20Partnerships,%20Sponsors%20and%20Budget%20%20Tim%20Davis,%20OECD%20Statistics%20Directorate%20%20EISG%20Meeting,%20Rome,%20December%205/6,%202006

1
Entrepreneurship Indicators Project
Partnerships, Sponsors and Budget Tim Davis,
OECD Statistics Directorate EISG Meeting, Rome,
December 5/6, 2006

2
EIP Timetable
2005
2006
2007
2008 and beyond
Phase 1
Feasibility Study/ Action Plan

Phase 2
Measurement Manual and Framework
Governance Structure
Pilot Surveys
Indicators
Research Conf.
Extend Country Participants
Phase 3
Ongoing Surveys / Outputs
Research Network/Conferences
3
Overview of funding to date

• Phase I Scoping Study
• Kauffman Foundation sponsorship of Scoping Study
  and Action Plan
• International Consortium sponsored review of firm
  start-up data
• OECD provided bridge financing and supported new
  Business Demography work

4
Funding Status

• Phase II Program Development
• Two-year funding by Kauffman Foundation
• Special Project funding by International
  Consortium
• OECD contributing data and infrastructure inputs
• Additional sponsors still required
• Shortfall of 200,000 over 2 years
• Kauffman funding to end in late 2008
• Sponsors seeking longer-term OECD and country
  commitments

5
Background Consideration

• Project needs seed financing like a small
  business
• Needs expansion funding like a HG SME
• Then an IPO where countries buy the shares
• Initial investors are rewarded, but not with a
  capital gain
• Ongoing net revenue stream is always negative
• No significant revenues foreseen
• Propose to sell the program, not the data

6
Long term goal

• Established program in OECD work program
• OECD has fixed or declining budget
• Reallocation very difficult
• Sponsorship funding required for Headquarters
  staff
• OECD to coordinate and ensure international
  compilations, analysis, dissemination.
• Countries required to fund data collection and
  inputs

7
Why consider longer term funding now?

• Sponsors already convinced of long-term need
• Willingness to invest based on ongoing returns
• One-off data compilations not desirable
• To date, funding from major sponsors has been
  contingent on ongoing program

8
EIP Budget to End of Phase II December 31, 2008
Funding September 2006 to December 2008 Funding September 2006 to December 2008
Kauffman Grant 340K 340K
ICE Grant High Growth Study 60K 60K
ICE Grant (Potential) Risk Capital Handbook/Data 40K 40K
Danish Grant (Potential) High Growth Data Development 60K 60K
International Grants-Data Collection
Total Actual and Potential 500K 500K
9
EIP Budget to End of Phase II December 31, 2008
Forecast Expenditures September 2006 to December 2008
Project Management 280K
Survey Development/ Management 110K
Statisticians (EIP/Business Demography) 140K
Research and Support 90K
Research Conference, EISG Meetings, Travel, Miscellaneous 70K
Data Dissemination 30K
Ongoing Data Collection
Total 740K
10
EIP Budget to End of Phase II December 31, 2008
Current Budget Situation to December 2008 Current Budget Situation to December 2008
Actual and Potential Funding 500K 500K
Forecast Expenditures 740K 740K
Additional Funding Required 240K 240K
11
Seeking Sponsorship

• Potential sponsors?
• OECD member countries
• Seek additional voluntary financial
  contributions?
• Contributions of personnel?
• Corporations and Foundations?
• International organisations and governments?

12
EIP Flyer

• Explain program
• Why is outside funding required
• Benefits to sponsors
• Contribution amounts