The Compass Award for Policy Champions is given to the Global Entrepreneurship Network member who has made the most significant contribution to removing barriers to entrepreneurship through new government programs or changes to regulations at either the local, national or global level.
The United Nations Conference on Trade and Development was recognized for the organization’s outstanding achievement at the 2019 GEN Compass Awards Ceremony during the Global Entrepreneurship Congress in Manama, Bahrain (15-18 April 2019) with the Compass Award for Policy Champions for developing an innovative and unique index of web portals that outline and enable simple, online business registration.
UNCTAD’s efforts offer nations with large, informal economies an innovative vision for how entrepreneurship can drive its citizens into the formal economy – and the tools they needs to do so. This past year in Iraq, UNCTAD helped the government to simplify and automate what was a complex, time consuming and burdensome process, and reduce the number of requirements for entrepreneurs from 47 to 21 – slashing the administrative red tape required for citizens to start a business.
The Global Enterprise Registration (GER.co) portal was launched in October 2014. GER is an initiative of the United Nations Conference on Trade and Development (UNCTAD), the Kauffman Foundation’s Global Entrepreneurship Network (GEN), and the U.S. Department of State (DOS). It became a formal partnership in June 2016.