The world needs jobs—and small, early-stage businesses in developing countries have the potential to create them. Yet, emerging market startups struggle with the same challenges as larger, more established firms. Actually it’s the same, but worse—the obstacles are even more pronounced for small and growing businesses—or SGBs as we like to refer to them.
The three most pressing hurdles for emerging market SGBs are access to talent, capital and markets. And, while we’re seeing positive trends emerge related to these challenges, the gap between the capital demand by these expansion-oriented firms and available growth capital by investors and banks is still very wide.
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