Colombia lacks ‘culture of innovation and entrepreneurship’: BBC

Of the 24 “most entrepreneur-friendly nations,” Colombia has “the least well-developed culture of innovation and entrepreneurship”, the BBC World Service concluded Wednesday after a study among more than 24,000 citizens

Colombia scored 2.04 out of 4 when it comes to
the country’s entrepreneur-friendliness against
a global average of 2.49.

“Colombia has the least well-developed culture of innovation and entrepreneurship of all countries surveyed with an index of 2.04. Unlike Brazil, this is combined with a perception that it is both difficult to start one’s own business (67%) and pessimism regarding how innovation and creativity are valued in their country—only 30 per cent of Colombians think it is, the fourth lowest percentage among all countries surveyed and well below the global average of 55 per cent,” says the World Service report.

Of the polled citizens, Colombians are particularly pessimistic about how innovation and creativity are valued in the country. 46% of the respondents strongly disagreed with the statement that this was valued, while 20% somewhat disagreed.

Colombians also scored negatively when responding to the statement that starting your own business is highly valued. 44% strongly disagreed to this. Another 25% somewhat disagreed.

The world’s most entrepreneur-friendly nations according to the BBC are Indonesia (scoring 2.81), followed by the U.S. (2.80) and Canada (2.78)

Slightly entrepreneur-friendlier than Colombia are Egypt (scoring 2.06), Turkey (2.14) and Italy (2.15).