‘Global Entrepreneurship Monitor: Entrepreneurial activity in the Valencian Community 2021-2022‘ is the title of the study presented this morning by professors Elche José María Gómez Gras and Ignacio Mira Solves from Miguel Hernández University (UMH). One of the conclusions of this study is that the intention to start a business and expectations about job opportunities, which have fallen rapidly during the pandemic process, have recovered and are now. 27% of the Valencia Community population perceive opportunities to undertake., 8.4% are considering doing this. Another is that more than half use their savings to start their own business, and even 15% ask their friends and family for money.
In this study, a questionnaire was applied to one thousand people. Report, The perception of the Valencian people about the existence of opportunities commitment increased by about 10 points compared to last year.
According to the authors of the study, this is a piece of information that has a lot to do with a strong increase in business start-up intention. It increased from 5.2% in 2020 to 8.4% last year.or (an increase of just over 60%). In contrast, data from the study point to the continuation of entrepreneurial activity.
TEA, the main indicator of entrepreneurial activity in this study, shows that 5.3% of the Community’s adult population are involved in activities that have been in operation for less than 42 months in the last quarter of 2021. It maintains almost the same data as in 2020.
The rate of consolidated entrepreneurship activities, which remained at 6.1% in 2020, rose to 6.7% this year.
Entrepreneurial profile has The average age is about 40 years, with a university education 36%. Their personal motivation to undertake is the need for professional development (present in 80% of cases), and an increasing increase in entrepreneurship by women has been identified in recent years, which means that the gender gap is now approximately narrowing. 5 points (52.8% men vs 47.2% women).
when it comes funding sourcesIn addition to personal savings, which account for 54% of the total, the study also identifies so-called savings. “informal funding” (family and acquaintances) this is another 15%.
All these data are analysis of the valuation of the entrepreneurial ecosystemled by a panel of experts from various fields, concluding that the positive evolution of previous years towards strengthening the environmental conditions for entrepreneurship continues.
most suitable access to physical infrastructure and servicessupport programs and the evaluation of entrepreneurship from the socio-cultural norms of the region are among the less favorable elements of the environment, financing difficulties and lack of entrepreneurship education at school education levels.
This study on the entrepreneurial population of the Valencian Community was prepared with the support of the Ministry of Sustainable Economy, Productive Sectors, Trade and Labour, and the assessment of the entrepreneurial ecosystem was carried out in collaboration with the Fundación LAB Mediterráneo and with the participation of various organisations. Entrepreneurship support agencies.
Global Entrepreneurship Monitoring Report, known as GEM, international research consortiumIts aim is to measure the phenomenon of entrepreneurship worldwide with a methodology that focuses on the person who undertakes the different stages of the entrepreneurial process and uses it as a reference.
UMH professors presented this work during the ‘Focus Week Pyme Comunitat Valenciana 2022: The Future is Future’ celebration. Trends that are redefining business and the world‘. Teresa García, General Manager of Entrepreneurship and Cooperatives, moderated the event.
UMH manages the GEM project in the Community of Valencia and It has been preparing annual reports since 2004. Analyzing the state and development of entrepreneurship.