A view of Lyon, France while attending the World Entrepreneurship Forum.

Posted by: Laurel Delaney, The Global Small Business Blog.

Photo credit (click on pictures to enlarge): Pierto, Sipa Press

I had the great honor and opportunity to listen to Minister Lee Yi Shyan (pictured), the State Minister of Trade and Industry, in charge of Entrepreneurship, Singapore talk about Singapore's strategy on entrepreneurship development.

Here are twenty (20) highlights:

1. How can government be a part of entrepreneurship (big question he was faced with)?

2. Ten percent (10%) of all businesses in Singapore are small businesses.

3. World Bank named Singapore the easiest place to do business.

4. Businesses in Singapore can no longer compete on the basis of low-cost pricing.

5. Projected growth for Singapore is 2-5 percent.

6. After a recession year, Singapore always bounces back.

7. Singapore involves the private sector to encourage and develop entrepreneurship.

8. They set up structures and the environment for entrepreneurship to thrive.

9. They also set up an action committee for entrepreneurs.

10. They set up a PRO enterprise panel to cut red tape and reduce regulatory burden; they seek and act on suggestions by the public.

11. Private equity platform; access to private equity financing (for those companies with high growth potential); micro-loan program -- up to $5 million dollars.

12. State Minister gave an analogy of how a tree grows in 10 years whereas a person takes a century.

13. Will check into his comment about a BlueSKY Festival which encourages SMBs to try out entrepreneurship and reach for their dreams.

14. Has a YES! School which helps schools develop entrepreneurship programs (ten percent of Singapore's schools reach 1,000 students).

15. Eighty-four percent (84%) of people would NOT give up business for better job!

16. There were 50,000 start-ups in 2009.

17. Launched a IES (International Enterprise Singapore) program.

18. Considered most innovative nation according to International Innovation Index.

19. Moving ahead: Innovators, Entrepreneurs, Scientists and Venture Capitalists = dollars + knowledge + market connections.

20. They participated in Global Entrepreneurship Week (this week) with 40 different programs.

Based on Minister Lee Yi Shyan's comments along with his high spirit, it is easy to understand why Singapore is flourishing with entrepreneurs!

Photo credit: Pierto, Sipa Press

On my way to the World Entrepreneurship Forum in Lyon, France (November 18-21) and our 2009 main topic is:

How can governments, at all levels, support the development of entrepreneurship?

We will also review the nine (9) recommendations we proposed during our 2008 Forum, aimed at enabling and fostering the development of the various forms of entrepreneurship. They are as follows:

World Entrepreneurship Forum Guiding Principles

1. Reform Regulations

To promote a truly entrepreneurship-centered business climate, reform tax and regulatory environments so as to make it easier, faster, and less costly for entrepreneurs to set up enterprises, grow them if they are successful, or close them if not; minimize the time they spend on licenses, tax procedures, litigation and other similar activities.

2. Create New “Entrepreneur-Friendly” Institutions

Introduce new-style entrepreneurship-friendly support institutions that provide technological knowledge, market information, business know-how, certification services, access to capital, and other essential business support.

3. Promote Proper Governance

Set forth a governance framework which unambiguously encourages risk-taking, while also ensuring that ethics lapses, corruption, and neglect of environmental sustainability carry a high cost to reputation.

4. Foster Positive Entrepreneurial Attitudes

Foster a cultural context where entrepreneurship has a positive image and where entrepreneurial success is publicly celebrated.

5. Create an Early Education Entrepreneurial Curricula

Include within schools a curricula that promotes the development of the skills and attitudes that are the hallmark of entrepreneurship, such as: Creating a vision, perseverance, creativity, spotting needs, empathy, leadership, dealing with ambiguity, risk-taking, and follow-through.

6. Develop Young Adult Entrepreneurial Curricula

Include within an education curricula practical elements of entrepreneurship and business development so as to increase the entrepreneurial IQ within the community.

7. Promote Lifelong Entrepreneurial Education

Provide entrepreneurs lifelong learning and development platforms for sharing of experience and best practices, coaching and mentoring, mutual support, and international networking, with the strong support of key stakeholders from business and civil society.

8. Empower Entrepreneurial Women, Minorities and the Disadvantaged

Support programs must also specifically target women, minorities, and the disadvantaged. Further, governments should implement laws and policies that ensure that entrepreneurs are sensitive to gender empowerment as well as diversity promotion.

9. Understand Entrepreneurship

Make it known that entrepreneurs are positive agents of social change, wealth creation, transparency, sustainability, and innovation.

Formal Guiding Principles can be found here.

I hope to have a chance to report out to you while in France but if I get too busy, which is very likely, I will wait until after I return to provide you with key takeaways. However, in the meantime, catch a LIVE broadcast of key moments here (http://www.world-entrepreneurship-forum.com).

By the way ... here's why I am a member of the World Entrepreneurship Forum.

Photo: World Entrepreneurship Forum -- members in 2008.