By Marianne Abib-Pech

"Entrepreneurship is taking the lead seat as the new model for a sustainable economy rooted in value creation, both in jobs and wealth," said Marianne Abib-Pech after the 4th World Entrepreneurship Forum came to a close on Saturday, 5 November in Singapore.

Founded in 2008 by French business school EM Lyon, international accounting firm KPMG and Singapore’s Nanyang Technological University, the Forum is a global think tank aiming to explore entrepreneurship in practice, from education to business, from social entrepreneurship to policy making.

It also has a profound desire to build a global community of like-minded individuals and create change.

It closed on a very emotional note: the personal and individual commitments of more than 150 entrepreneurs from 70 countries. “I commit to building a social incubator in New York City,” says Guillaume Gauthereau, the founder of Totsy.com, a private sales website for mothers of young children.

“I will maintain a database of all the good entrepreneurial practices that I come across, to be able to share them with members,” promised Tamara Abdel Jaber, co-founder of Palma Consulting, focused on reimagining global organizational structures for Middle Eastern based SMEs.

It also ended up on a highly practical note with the founding of the World Entrepreneurship Company.

“The structure will be dedicated to educating entrepreneurs and developing entrepreneurial spirits via a mix of business incubators, business accelerators and different educational programs,” cheered Yves-Henri Robillard from the Ecole de Management de Lyon. In order to further strengthen the global impact, regional chapters of the Forum — together with junior chapters — will be developed in more than twenty countries in the coming years.

So what does this mean?

The world has been in pivotal times since the collapse of Lehman Brothers in 2008. The never-ending financial crisis and the European Union’s current disarray both demand a new order.

Entrepreneurship is taking the lead seat as the new model for a sustainable economy rooted in value creation, both in jobs and wealth. It is becoming critical to re-kindle entrepreneurial spirits in our youth everywhere in the world, through breaking cultural patterns and creating fit for purpose social and economic ecosystems.

While governments and institutions alike talk about it, 120 high-energy, passionate and highly driven and successful individuals have gathered to do something about it. They have taken the time out of their own ventures to think together about the future.

This a resounding example of leadership in action, a sign not only of high social responsibility but also of a caring community that does not wait for government, but takes matters into its own hands and changes the world.

Marianne Abib-Pech has 15 years experience in Finance from Auditor, to analyst, to CFO working for corporations such as Arthur Andersen, Motorola, General Electric and most recently with Shell as global CFO of their Aviation business, as well as writing for the Independent.

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