JOHANNESBURG, March 14 (Xinhua) -- The Global Entrepreneurship Congress (GEC) 2017 opened on Tuesday in Johannesburg by South Africa's Deputy President Cyril Ramaphosa with the aim of sharing ideas on how small businesses can grow and make positive contributions to their countries.
Over 5,000 delegates representing researchers, policy makers, entrepreneurs, investors and start-ups champions from over 170 countries are attending this 3-day congress in Johannesburg.
Ramaphosa encouraged a robust discussion to solve the problems. He said, "Across the globe, entrepreneurship is a powerful tool for development. We meet to share ideas on how collectively we can generate inclusive development, restore humanity's dignity and rekindle hope for a better tomorrow. We meet to discuss how we can effectively harness the energy of enterprise and the tools of technology to build a better world. It is an avenue for mentorship, knowledge exchange and investment."
He said the meeting presents an opportunity to change the world. He called upon African entrepreneurs to use the congress as an opportunity to interact with potential global partners, engage with policy makers and business leaders.
Ramaphosa said entrepreneurs have a potential to create jobs, and he also called on governments to create procurement policies that support small businesses, to reform regulations and tax laws to promote the development of small and medium-sized enterprises (SMEs).
Entrepreneurs were called upon to embrace digital disruptions to grow their business and eventually the economies.
Ramaphosa said, "We must recognize that digital disruption is a cornerstone of a modern, diversified economy. It is digital disruptors who redefine the competitive landscape as they strengthen knowledge-based economies. Across the world, digital innovators are already bringing massive change in every market."
Ramaphosa encouraged countries to put entrepreneurship in the school curriculum to help the youths grow up with that culture. He said fostering entrepreneurship at an early age will enable the youths to not seek employment but create jobs.
He also encouraged African entrepreneurs to form a network which will continue after the congress to promote the intra-Africa trade. Ramaphosa also encouraged the entrepreneurs of the world to exchange good practices and knowledge so that the continent could realize the dreams of Africa's founding fathers for a a better one.
He said, "We invite entrepreneurs from our continent and the world to collaborate with entrepreneurs in this country to start sustainable, profitable businesses that will create jobs. We urge you, our creative and courageous entrepreneurs, to apply your minds to the challenges of our continent. Be with the children of Africa to realize the promise of freedom."
South Africa has established the Ministry of Small Business Development which is led by Lindiwe Zulu. Zulu said the country is proud and grateful to be the first to host GEC in the continent.
She said they have held meeting before the congress to ensure that there is continuity after they wrap their meeting on Thursday. Zulu said the legacy of the GEC should be seen with the results and what will happen after.
Jonathan Ortmans, Chairperson of GEC and president of Global Entrepreneurship Network, said they are happy to see the event being hosted in Africa. He said, "on behalf on international community present here, we are happy to be here to collaborate work and be inspired by entrepreneurs."
Entrepreneurs will also have sessions where small businesses will pitch their business in the presence of funders to attract partnership, collaboration and investment. Some companies are also exhibiting at the same venue.
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