Entrepreneurship & Small Business Policy in Canada Small Business Policy Branch Industry Canada Presentation to OECD Entrepreneurship Indicators Workshop October 27, 2005
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Transcript Entrepreneurship & Small Business Policy in Canada Small Business Policy Branch Industry Canada Presentation to OECD Entrepreneurship Indicators Workshop October 27, 2005
Entrepreneurship & Small
Business Policy in Canada
Small Business Policy Branch
Industry Canada
Presentation to
OECD Entrepreneurship
Indicators Workshop
October 27, 2005
Contents of Presentation
Context
Entrepreneurship Policy in Canada
1. Add title of section 1
Canada’s Small Business Policy Agenda
2. Add title of section 2
3. Add titleof
of Entrepreneurship
section 3
Indicators
and Small
4. Add titleinofCanada
section 4
Business
5. Add title of section 5
6. Add title of section 6
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Entrepreneurship Policy in Canada: Context
Canada had a National Entrepreneurship Policy 1989-1993
Goal was to encourage an entrepreneurship culture
Promote entrepreneurship as an option
Income support, e.g. Self-employment Assistance Program
Community development e.g. Community Futures for rural
regions to encourage self-sufficiency
Comprehensive review of small business policy in 1994 developed
by departments of Industry and Finance shifted emphasis
Entrepreneurship policy funded federally but developed and
delivered at regional and local level
Small business policy revamped at national level, with emphasis
on encouraging growth of small businesses
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Current Entrepreneurship Policy
Diverse pattern across Canada regarding information, delivery and
development
National information system for potential and actual entrepreneurs
(Business Canada) via entrepreneurship centres also provide
path-finding
Programs administered by four (federally funded) regional
agencies (Atlantic, Western, North Ontario, Quebec)
Delivery vehicles for programs are typically Community Futures
Development Corporations
Community development is an important objective for encouraging
entrepreneurship
While funded federally, program content and delivery thus reflect
local diversity
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Entrepreneurship Policy: Activities
Activities include
Business planning and start-up
Technical assistance;
Financial assistance; repayable loans, loan loss guarantees
Improving telecommunications infrastructure in remote areas
Target groups:
Aboriginal entrepreneurs
Women entrepreneurs
Young entrepreneurs
Rural businesses; community development
Francophone entrepreneurs
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Canada’s Small Business Policy Agenda (Federal)
Based on two underlying principles
Non-intervention – let markets function freely; fill market gaps
Use business-like principles of management e.g. partnering,
tracking program effectiveness; client-oriented services
Subsidies program and grants have been largely eliminated
Shift towards cost-recovery and repayable contributions
Focus is now on creating the right environment for business
start-up and firm growth.
Provision of strategic information
Framework policies that protect the public interest while fostering
innovation and competitiveness, fiscal situation; taxation measures
for small business; government regulations
6
Small Business Policy: Current Priorities
Supporting Innovation
Bridging Financing Gaps
Public-private sector advisory committee tasked with making measurable
reductions in regulatory burden (Paperwork Burden Reduction Initiative)
Expansion into International Markets
Improve access to debt financing by start-ups, young entrepreneurs,
knowledge-based firms and aboriginal entrepreneurs
Easing Regulatory Burden
Improve investment & adoption of advanced technologies by small
businesses; support networks for commercialization
Reduce financial risks of exporting; improved information on exporting
opportunities, through export development & trade commissioners
Investing in Skills
Addressing management skills via Mentoring and training programs
delivered through the regional development agencies (RDAs); youth
mentoring (CYBF)
7
Developing Small Business & Entrepreneurship
Indicators in Canada
Current data available
General surveys number of firms, entry/exit; employment, selfemployment, remuneration
New specialized surveys
Financing Data Initiative;
Survey of Regulatory Compliance Costs
Long term research projects
Growth firms (universe of firms) characteristics
Innovation in services, manufacturing
Exporting activities
Links between exports, innovation, finance and growth
Further information on Website http://strategis.ic.gc.ca/sbresearch
8
Developing Small Business & Entrepreneurship
Indicators
Potential other entrepreneurship indicators
Local and regional bodies can provide the following
Number of clients;
Nascent or aspiring entrepreneurs;
Stage of business
Medium of inquiry;
Financial assistance;
Program utilization;
Business planning
Has the potential to provide finer information on entrepreneurship
To what extent are these measures relevant to this project?
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