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

2 Feasibility Study/ Action Plan EIP Timetable Ongoing Surveys / Outputs Financial support: Kauffman Int’l Consortium OECD Research Conf. Measurement Manual and Framework Extend Country Participants Pilot Surveys Indicators Financial support: Kauffman Int’l Consortium OECD + Seeking Others Will seek Financial support from: Countries, OECD and Other Sources 2008 and beyond Research Network/Conferences Governance Structure Phase 3 Phase 1 Phase 2

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 Kauffman Grant340K € ICE Grant: High Growth Study 60K € ICE Grant: (Potential) Risk Capital Handbook/Data 40K € Danish Grant: (Potential) High Growth Data Development 60K € International Grants-Data Collection Total Actual and Potential500K €

9 EIP Budget to End of Phase II December 31, 2008 Forecast Expenditures: September 2006 to December 2008 Project Management280K € Survey Development/ Management110K € Statisticians (EIP/Business Demography)140K € Research and Support 90K € Research Conference, EISG Meetings, Travel, Miscellaneous 70K € Data Dissemination 30K € Ongoing Data Collection Total740K €

10 EIP Budget to End of Phase II December 31, 2008 Current Budget Situation to December 2008 Actual and Potential Funding500K € Forecast Expenditures740K € Additional Funding Required240K €

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