We’re witnessing a global surge in innovation. This is how we sustain it

January 21th, 2021 – From a foot-operated handwashing machine invented by a nine-year old boy in Kenya, to a new “sky park” opened in Bangkok on an disused railway line that could serve as a model for greening abandoned spaces, to the roll-out of robots in health centres in Rwanda, the pandemic has unleashed an unprecedented wave of home-grown innovation. Communities are adapting, improvising and looking beyond this unparalleled challenge. The question now is how we can support this momentum to foster the conditions to create much-needed jobs and new opportunities as the recovery begins.

With small and medium-sized enterprises (SMEs) representing about 90% of businesses and more than 50% of employment worldwide, supporting SMEs to innovate is crucial not just to keep their shutters open – but to power to the global recovery. As part of our role in leading the UN’s socio-economic response to the pandemic, the United Nations Development Programme (UNDP) is supporting the entrepreneurs, small businesses and workers of the world.

More…https://www.weforum.org/agenda/2021/01/covid-pandemic-jobs-innovation-recovery/

Written by World Economic Forum

Related Post

thumbnail
hover

A Global initiative to support SMEs...

Co-organised by the OECD Centre for Entrepreneurship, SMEs, Regions, and Cities in cooperation with Business at OECD, the OECD Digital for S...

thumbnail
hover

Digital Entrepreneurship in Africa

Africa’s progress in entrepreneurship, digital innovation, and its young population lays a solid foundation for achieving the United N...

thumbnail
hover

Women, Business and the Law 2024:...

Women, Business and the Law 2024 This year’s report, the 10th in the series, finds that women worldwide continue to have fewer legal r...

CLOSE
CLOSE