WBAF Impact Investment Summit 2018: the Quest for Positive Impact
During the World Business Angels Investment Forum 2018 (WBAF), Tasha Vashisht, a Senior Manager from Scorpio Partnership shares some findings of the 4th edition of the BNP Paribas Global Entrepreneur Report with Nilufer Aktas, Head of Business Development at Private Banking TEB Turkey
What are the increasing trends regarding investments?
T.V. Our global research shows investment funds are their vehicule of choice, used by about 40% of entrepreneurs globally. But private equity ranks second and has take-up of 29%. Over the past few years, we have seen demand for private equity shoot up in the Middle East and USA (where there is now the most popular vehicule for making business investments). Demand has also surged in Poland, Turkey and Spain. We have seen something similar with venture capital, which has risen sharply in the US compared to a couple of years ago and is now really popular in Asia, particularly in Taiwan and Hong Kong. Looking ahead, we project significant increases in demand for business investment vehicules such as start-up financing, private equity and impact investing as Elite Entrepreneurs increase their commitments
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About the BNP Paribas Global Entrepreneur Report: based on a survey conducted by Scorpio Partnership, the report analyses the behavior of 2,706 multimillionaire entrepreneurs in 22 countries. Collectively, across their businesses, Elite Entrepreneurs employ 450,000 people, they enjoy an average net worth of USD13, 4 million and each has typically started three companies. Over the last three editions, the reports identified the origins, the motivations, the investments and the characteristics of the “Elite Entrepreneurs”. This fourth edition explores the positive impact entrepreneurs are seeking through three dimensions: their businesses, their lives and their investments.
About the World Business Angels Investment Forum (WBAF): is an international organisation aiming to ease access to finance for businesses from start up to scale up, with the ultimate goal of generating more jobs and more social justice worldwide. It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, startups, and SMEs. The Forum interacts with leaders in all areas of society, first and foremost in business and political spheres, to help assess needs and establish goals, bearing in mind that the public interest is of paramount importance.
During your research, have you noticed differences by ages and regions?
T.V. We see a similar trend in emerging economies, with entrepreneurs in countries like China, Taiwan, Indonesia and India more concerned than other regions with making a social impact. In these countries, business leaders are often reacting to the opportunities and challenges presented by rapid economic growth. For example they are more likely to say that contributing to job creation is a strong motivation; businesses are also typically a lot bigger than in other countries. Their definition of success incorporates changing people’s life prospects by empowering their careers. Elite Entrepreneurs have brought a socially-conscious mindset to their commercial, investment and personal activities. They undertake responsible investments to protect the environment, create jobs and support clean energy. Amongst the different generations, Millennipreneurs (entrepreneurs below 36) are leading the change both by running the biggest businesses and because of their enthusiasm for responsible investing.