Posts Tagged ‘South Korea’

The importance of fostering entrepreneurship globally

Friday, November 21st, 2008

Tim Kane, Senior Fellow at the Kauffman Foundation, gave this speech at the launch event of Global Entrepreneurship Week in Seoul, South Korea. Key quote:

Let’s not listen to those who say entrepreneurs are crazy. Investors often see failure as an asset in your record—not a liability. To them, failure suggests a tolerance for risk, a perseverance to succeed and, most important, a passion to push the envelope. So don’t give up. Learn from every mistake. And at each step, seek out and capitalize on the resources available to you, of the monetary and human varieties.

As for the rest of us, it’s our imperative to support the new generation of entrepreneurs and keep the pipeline of innovative ideas full and flowing. Young entrepreneurs are the world’s greatest natural resource. Innovators and those who inspire, connect and mentor them will lead the way out of economic danger and toward greater prosperity for all of society.