INNOVATION, SMALL AND MEDIUM enterprises (SMEs), entrepreneurship and venture capital (VC) are ingredients in the creation of knowledge based economies; witness the success of Silicon Valley in large economies like the US and replicated in France, Germany, Japan, the UK, and elsewhere. Small country economies like Israel, Ireland and Singapore, with little domestic demand for technology, developed unique approaches of exporting knowledge creation with excellent outcomes.

Scaling Up Innovation: The Path to Prosperity –¬†Development Outreach Journal, a publication of the World Bank