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NATIONAL ENTREPRENEURSHIP ASSESSMENT UNITED STATES OF AMERICA ...

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Topic: Entrepreneurship

Sort Desciption: The Global Entrepreneurship Monitor gratefully acknowledges several ...... encourage entrepreneurship across America and improve the educational ...

Content Inside: NATIONAL ENTREPRENEURSHIP ASSESSMENT UNITED STATES OF AMERICA NATIONAL ENTREPRENEURSHIP ASSESSMENT UNITED STATES OF AMERICA 2003 Executive Report Maria Minniti William D.Bygrave G E M G L O B A L E N T R E P R E N E U R S H I P M O N I T O R GEM U.S. TEAM Maria Minniti William D.Bygrave Andrew L.Zacharakis Marcia Cole GEM U.S. TEAM Acknowledgements: The GEM U.S.Team gratefully acknowledges the time skills and talent contributed by Marcia Cole to the preparation of this Report. The GEM U.S.Team also acknowledges the contribution of Paul D.Reynolds during the collection and preparation of the data used in this Report as well as the contribution he provided by preparing the Global GEM Report and the cross-country data used here. Finally many thanks go to Philip D. Koellinger for his help in processing the U.S. data. The Global Entrepreneurship Monitor gratefully acknowledges several Associations for supplying data on Venture Capital. Specifically: Venture Capital data for the United States was provided by Pricewaterhouse CoopersThomson Venture Economics and by National Venture Capital Association Money Tree Surveys. Venture Capital data for Israel was supplied by the Israel Venture Capital Research Center. Venture Capital data for European nations was drawn from the European Venture Capital Association. Venture Capital data for Canada came from the Canadian Venture Capital Association. Copyright 2004 Maria MinnitiWilliam D. Bygrave and Babson College. All rights reserved. 3 G LOBAL E NTREPRENEURSHIP M ONITOR National Entrepreneurship Assessment United States of America 2003 Executive Report Maria Minniti William D. Bygrave 4 Executive Summary .6 About GEM .9 U.S. Entrepreneurial Activity in 2003 .10 Entrepreneurial Innovativeness.13 Entrepreneurship and Job Creation .15 TEA Rates and Characteristics of the U.S. Population .16 Entrepreneurial Framework Conditions .24 Financing .27 Conclusion .37 Appendix: GEM Conceptual Mod ...

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