Colleges Taking Equity in Businesses

Colleges Taking Equity in Businesses March 3 Columbia University has an equity stake in this business pitched on Shark Tank (photo credit: Anna Stork). Were big fans of the hit ABC show Shark Tank here at Ivy Coach. For those living under rocks, its a show in which American entrepreneurs pitch their businesses with the goal of landing equity investments from highly successful, proven entrepreneurs. Or, in the case of Kevin OLeary, its often royalty deals. Anyhow, over the years, weve written about quite a few Ivy League entrepreneurs who have appeared on Shark Tank and landed investments from moguls like in 2012 when former Dartmouth hockey player Mike Hartwick  landed an investment from Mark Cuban for his Surfset Fitness. Recently, another Dartmouth graduate, Anna Stork, appeared on Shark Tank with her business partner, Andrea Shrestha. The two met while students at Columbia Universitys Graduate School of Architecture and it was there that they came up with their business, LuminAID. Their initial product is a light that is charged by sunlight. The light can provide 16 hours of LED light and its both inflatable and waterproof. Can you see its applications to the American Red Cross and the Coast Guard, etc.? We sure can! Its one of the best products weve seen to date on Shark Tank and that says something, because there have been a whole lot of good products and a whole lot of good companies. But were writing this post to raise a question to our readers. Columbia University owns a portion of the equity of Stork and Shresthas business. To be clear, we are uncertain if these two incredible young entrepreneurs worked on their product with Columbias resources, if they did so in a Columbia lab, etc. Were not sure. And we understand that colleges often own the inventions of those who work for them like professors. Even many graduate students collect stipends, so the argument could be made that this makes these universities entitled to a share of their businesses. But do you think its right? Do you think these colleges should be taking stakes in these businesses? Do you think Harvard should own a big piece of Facebook? Were not sure where we stand on this particular issue. On the one hand, for those paying a whole lot of money for their undergraduate educations, we dont feel strongly that these colleges that are receiving all of this hard earned money should get pieces of their undergrads businesses. But on the other hand, we respect that colleges in this nation are businesses, too. What do you think? Do you think colleges should own a piece of the inventions and businesses of professors, graduate students, and even undergraduate students? Let us know your thoughts by posting a Comment below. We look forward to hearing from you.

The Effects Of Illegal Fishing - Free Essay Example

During the years of the fishing world there been illegal activity across the countries. In the mid-fall season fishing companies around the world compete to fish for the big catch. In this present day, while the economy going through a big shake up, the increase of fishing illegally been arising. This paper will get into the history of fishing, economic effect, prevention, and the consequences of illegal fishing. Also, how other countries are stopping illegal fishing in their area.   By the end of reading this brief paper on illegal fishing, this will open your eyes and be more aware of keeping our ocean clean. Also fighting of stopping illegal fishing across the country. Illegal Fishing   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Fishing industries around the country goes through a thin line of fishing illegally. It happens in other foreign countries and mainly in northern part of the world. By getting caught is a big risk that you might have to take, but end up of the short side of the stick. However, there is always other way to prevent you of fishing legally by using right documents and procedure to fish the right way. Meaning   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   The term IUU fishing is define as illegal, unreported, and unregulated fishing as â€Å"it is known more of a wide range of irresponsible activity† (IUU, 2002). Also in the Webster dictionary† illegal† defines as† Not according to, or authorized by, law; specif., contrary to, or in violation of, human law; unlawful; illicit; hence, immoral; as, an illegal act; illegal trade; illegal love† (Illegal, 2009). Therefore, knowing the terminology of the IUU and illegal will give an insight of the main theme of the paper. History   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Fishing goes back way in ancient times when fishing for food was the first step of learning how to live on your own. Also in ancient times, The oldest known painting of an angler using a rod or staff comes from Egypt and history dates it from about 2000 BC (History, 2010). A proof of these logical paintings gives a point of view how the early ages survived. In 1946, an English prioress Dame Juliana Berner, who wrote the book Treatyse of fysshynge with an angle . The book established the basic foundations of angling knowledge (History, 2010). Also, learning to detail how to construct fishing hooks and rod, that it was just the first stages of knowing how to fish. The first Reel device was invented in England during the 18th century, although some speculate that the Chinese may have designed a basic reel earlier, in 3rd century CE (History, 2010) . However, with the development with new technology equipments and a high knowledge of the behavior of species. The sport of fishing in this present day has become a popular sport across the country. Therefore, In 1939 the international Game Fish Association was established to protect game fish and their habitats, based on the premise that maintaining stable fish populations would ensure the future of the sports (History, 2010). Economy Effect on Fishing   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   During the past time of worldwide fishing, the sport became a booming success across the country. But in this present day, professional fishers trying to keep their sponsors during a tough time in the economy. In the article Economy has chilling effect on fishing, boating posted by J.R Absher talks about keeping the sport alive while the economy is going through some rough times. According to Mike Bolton, an outdoor writer for the Birmingham, ALA saying Everybody is losing sponsors, pro angler Randy Howell told Bolton. Greg Hackey and Marty Stone have lost Advance Auto parts, GE silicone has pulled out. Were keeping the lure companies, but the big, non-endemic sponsors are saying they can’t do it right now (Economy Effect, 2009).   Looking at the outcome not only of fishing is hurting in this time of crisis. Boating and outdoor shows are canceling out the effect of the economy. Baltimore Sun by i ts longtime outdoors writer Candus Thompson, who wrote that the promoters of some of the East Coasts largest fishing, boating and outdoor shows usually held this time of the year are scaling back or canceling shows altogether (Economy Effect 2009). No matter what happens to economy, the fishing world will be back into shape. Illegal Fishing in Countries   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   Throughout the fishing world, illegal foreign fishing had been arising across ocean boarders. I will talk two main areas in ocean boarders that are highly alert in illegal fishing. First area is in the Australian maritime areas, that the border protection command works closely with other agencies to protect coastal region. The illegal foreign fishing is a problem in Australia, that it gives proximity to other countries with survival of communities. In the fact sheet of Australian Government Border Protection Command ask why is illegal foreign fishing is a problem? It is High demand for products such as shark fin, troches shell, trepang (sea cucumber) and tropical rock lobster, some of which are considered over fished species, can make illegal foreign fishing a profitable enterprise (Illegal fishing 2009).   There is the reason why illegal fishing is a wide known aware of protecting our seas. Indian o cean broader in Accra, Rome A group of 50 participants from 13 countries in the Indian Ocean region are strategizing on how to toughen up controls in coastal ports in order to better combat illegal(Illegal Fishing 2007). To have tighter controls in sea ports, that will make a hard for illegal fisherman to offload and refuel. Also they have come to deal of Enhanced port state measures such as port inspection schemes and information systems, which can be effectively linked to enforcement tools such as blacklisting of   IIU fishing vessels, trade measures and requiring vessels to participate in vessel monitoring system (VMS) programs (Illegal Fishing 2007).   This idea will bring a stop in the illegal fishing and become a warning to fishers to be aware. The IUU (Illegal, Unregulated, Unreported) fishing in the Indian Ocean always has a problem with fishers such as â€Å"Fishing without permission or out of season; harvesting prohibited species; using outlawed types of fi shing gear; disregarding catch quotas; or non-reporting or underreporting catch weights† (Illegal Fishing, 2007). All these activities are all red flags in the illegal fishing world. However an article in the FAO (Food and Agriculture Organization) talks about the issues planning ways of blocking ports from ships that is fishing illegal. According to Ichiro Nomura an (FAO Assistant Director-General for fishers) says that all countries are responsible and must work together to put an ending on illegal fishing. In other areas â€Å"Catches of commercially valuable fish species may be surpassing permitted levels by over 300% due to IUU fishing, according to reports made to FAO by regional fishers bodies† (Illegal Fishing, 2004). Looking at the stats on the issue of illegal fishing, it is a big problem that we cannot put aside. The sea ports needs to have a tighter control of what is happening out there and need to keep track on what ships coming in and out of the seas p orts. In the data report in the IUU fishing organization, countries lose a lot of profit from other vessels fishing illegally. In a Reviewing the situation in 54 countries and on the high seas, the authors estimate that lower and upper estimates of the total value of current illegal and unreported fishing losses worldwide are between $10 million and 23.5 million annually, representing between 11 and 26 million tonnes (Illegal Fishing, 2008). Looking at these results is a very shocking that fishing vessels would do anything to make their quota. Prevention   Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚  Ãƒâ€šÃ‚   The prevention process of IUU fishing is plain and simple to all countries. There are different responsibilities that all countries need to apply. The prevention to all countries should go by the code of conduct of IPOA-IUU (International Plan of Action). The book is for helping familiarize FAO (Food, Agriculture, and Organization) members and others with tools; suggest which tools to user in particular circumstances; and providing guidance on how to use the tools effectively(IUU Fishing, 2002). In addition, countries should participate in international network for the cooperation and coordination of fisheries-related monitoring, control and surveillance activities across the country (IUU Fishing, 2002). Flag countries are Countries that register fishing vessels and authorize vessels to fly their flags (IUU Fishing, 2002). The prevention of the flag country is making sure the fishing vessel have updated reg istration, record, and authorization to fish in the area. Also have other responsible control fishing activities for fishing and support vessels. For example, transport vessels that receive the catch of fishing vessels and supply vessels that bring fuel and provisions to fishing vessels (IUU Fishing, 2002). The coastal and postal countries have different responsibility but in a way work together with a flag country. The tools for need is Keeping a record of foreign vessels authorized to fish in its waters; requiring foreign vessels to use VMS, such that the coastal country has real time or near real time access to vessel positions and receives regular data reports by VMS, and requiring foreign vessels, or a certain percentage of them, to carry independent observers (IUU Fishing, 2002).   However port countries are became very strict of nailing down IUU fishing. Also having similar requirements as Flag countries of vessels needed to have up dated records, permits to fish, a nd etc. However, if a port country has a reasonable of suspecting IUU fishing on their ports. They should Not to allow the vessel to land or transship fish in it port; immediately report the matter to the flag country, and if the suspected IUU fishing may have taken place in another country waters or in waters regulated by a regional fishery organization, immediately report the matter to that country or organization (Illegal Fishing, 2002). Consequences The consequences is very harsh of getting caught of fishing illegal and might end up doing some jail time. Also fishing companies get hit up with fines and ban through couple years. In the consequences of IUU Fishing for Fishery Information and Management has a precautionary approach. The Wide range reference in the Code of Conduct for Responsible Fisheries   and the UN Fish Stocks Agreement, and it is implicit in the FAO Compliance Agreement since this agreement forms an integral part of the Code. Article 6.2 of the Fish Stocks Agreement is explicit on information: States shall be more cautious when information is uncertain, unreliable or inadequate. The absence of adequate scientific information shall not be used as a reason for postponing or failing to take conservation and management measures (Illegal Fishing, 2002). Making sure of having the right documents and being responsible with their actions, fishing companies do not have to go through the harsh consequences. In t his present day, ports all over the country are having tighter control and camera surveillance around their surroundings. It is just another way, of minimize the control of illegal fishing and being a look out for those who breaks the IUU code of conduct. Conclusion Illegal fishing is a big problem and citizen like us should be involved of what is going on in our oceans. However, The IPOA-IUU requires countries to review their national plans of action at least every four years and to report to FAO on steps they have taken to implement their plans and the IPOA-IUU (Illegal Fishing, 2002). This is a simple way of keeping control of all ports and a better planning of fighting against illegal fishing. Having the right resources and management I believe the fishing world can be back into the right place. Therefore, this is a good learning experience for me to learn what is going around in the fishing world. Also being born and raise from Hawai’i, this research brings a whole wide range of protecting our ocean and fishing system here in Hawai’i ne’i. References Economy Effect (2009). Courier Post. Retrieved May 4, 2010, From Http://www.blogs.courierpostonline/fishhead.com. History (2010). National Geographic. Retrieved May 4, 2010, From Http://www.nationalgeographic.com/tv/. Illegal (2009). Webster Dictionary U.S.A. Retrieved May 4, 2010, From Http:// www.webster-dictionary.net. Illegal Fishing (2009). Australian Government Border Protection Command. Retrieved May 4, 2010, From https://www.homeaffairs.gov.au/. Illegal Fishing (2008). Illegal Fishing information. Retrieved May 4, 2010, From Http:// www.illegal-fishing.info/item.com. Illegal Fishing (2007). Food and Agriculture Organization of the United States. Retrieved May 4, 2010, From Http://www.fao.org/newsroom. Illegal Fishing (2004). Food and Agriculture Organization of United States. Retrieved May 4, 2010, From Http://www.fao.org. Illegal Fishing (2002). FAO Corporate Document Depository. Retrieved May 4, 2010, From Http://www.fao.org/DOCORP.com. Illegal Fishing (2000). Consequences of IUU Fishing. Retrieved May 4, 2010, From Http://www.fao.org.com.

Analysis Of Mass Incarceration In Ava Duvernay - 1523 Words

Mass incarceration, particularly the disproportionate number of African Americans in prison, remains an issue that is both altogether settled, but at the same time unresolved. There still exists a pervasive idea that many people of color tend to be trouble makers, and thus are directly responsible for their own mass incarceration; however, this theory creates more questions than it answers. Furthermore, it does not address why mass incarceration continues even after it has been recognized as a serious socio-economical issue for several decades. Filmmaker Ava DuVernay proposes in her documentary titled 13th, that the mass incarceration of African Americans, as well as their frequent depiction as criminals, finds its roots in a thirteenth†¦show more content†¦To begin, the documentary argues that the cycle of African Americans becoming continuously depicted as criminals started with a clause in the thirteenth amendment, which explicitly states Neither slavery nor involuntary s ervitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction (13th amendment section 1). Several experts argue that this clause was actually intended to be utilized as a tool; and as a result, masses of African American males were arrested for petty crimes in order to be put back to work through convict leasing. Additionally, the movie Birth of a Nation created fear of the black man as a rapist of white women, which in turn gave power back to the KKK to advance their causes. As the cycle continues, many groups gained power by utilizing the fear of African American crime including the Democratic party through the use of Jim Crow laws, Nixon and the Southern Strategy, Reagan and the modern War on Drugs, as well as Bush and Clintons tough on crime platforms. Finally, through the political rhetoric of fear, outside establishments such as the Corrections Corporation of America and companies associated with the American Legislative Exchange Council have benefitted financially. Overall, the premises of her argument effectively demonstrate that people of color are not directly responsible for their own criminal image which is backed byShow MoreRelatedBeverly Daniel Tatum Describes Racism As A System Of Advantage1485 Words   |  6 Pagesvarious ways. In other words, blacks are considered less intelligent than whites. The incarceration rates have grown tremendously since the last time someone can remember. The largest jailer in the world is the United States. Philadelphia, however, has the nation’s highest incarceration rates. Surprisingly, 60% of them are still awaiting trial but 72% of them are black. Research has show’s that mass incarceration rates goes hand in hand with segregated cities. In â€Å"The City: Prison’s Grip on Black

The Catcher in the Rye by J.D. Salinger - 1104 Words

J.D. Salinger has written multiple novels, but his most famous is The Catcher in the Rye. Not only is this novel famous for its literary merit, it is also known as his most banned novel in certain schools. Even though this novel has been banned, J.D. Salinger’s themes and moralistic purposes serve literary worth. In The Catcher in the Rye, the reader is first introduced to Holden Caulfield, as first person narrator. He is a radically independent adolescent who tosses off judgments at ease unselfconsciously. The introduction scene is set where he is, voluntarily isolated from the rest, looking down upon a hill during a Pencey Prep football game. He then goes into introducing primary characters that impacted his life, such as, Mr. Spencer, Ackley and Stradlater. Later on that night, Holden leaves campus enraged with anger and hatred towards everyone and sets on an adventure to find himself in the city of New York. Throughout the novel, Holden goes on a pursuit in search of maturity, intimate love, moral innocence, and acceptance despite his hatred for phoniness. The Catcher in the Rye was banned and discriminated for multiple reasons, but the prime reason was the containment of â€Å"excessive use of amateur swearing and coarse language† and â€Å"overt sexuality† (â€Å"And Holden† Online; Kerr 49). Critics found the novel to be â€Å"wholly repellent in its mingled vulgarity, naà ¯vetà ©, and sly perversion† (â€Å"And Holden† Online). Despite the negative criticism, J.D. Salinger alsoShow MoreRelatedThe Catcher in the Rye by J.D. Salinger637 Words   |  3 PagesThe Catcher in the Rye, by J.D Salinger, consists of many minor characters. There are more than about sixty characters in the novel in which only three of them are major characters (Holden, Allie, and Phoebe) and the rest minor. Many of these characters are just mentioned with no lasting impact on either the novel itself or Holden. 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The Equal Protection Clause Of The Fourteenth Amendment

The equal protection clause of the Fourteenth Amendment to the Constitution was at first created to protect against racial discrimination, but the Supreme Court later expanded the clause to also providing equal treatment amongst different races. The clause says, â€Å"No state shall†¦deny to any person within its jurisdiction the equal protection of the laws† (U.S. Constitution. Art./Amend. XIV, Sec. 1.) A person could not be discriminated upon solely because of his or her race and if the law treated a group of people differently, then a valid reason for the discrepancy of different treatment must exist. Racial minorities, but mainly women, have historically been subjected and made vulnerable to harsh restrictions on activities such as voting, attending college, and working as lawyers. These restrictions, based on stereotypes overlooked the actual capability and potential of each individual woman. For many cases dealing with discrimination of women, the Court looked to an other important element of equal protection, which stated that unfair treatment couldn’t be based on immutable distinctions, such as race and gender, because those fixed distinctions are uncontrollable and unrelated to ability. In the case of Frontiero v. Richardson, 411 U.S. 677 (1973), the Supreme Court was just one vote short of adopting gender as a suspect classification. In United States v. Virginia, 518 U.S. 515 (1996), women rights supporters were very pleased with the Supreme Court’s ruling and remainShow MoreRelatedThe Equal Protection Clause Of The Fourteenth Amendment976 Words   |  4 Pagesthe University of Texas with the claim that the University had violated the Equal Protection Clause of the 13th Amendment. The main question that arose in the question was, â€Å"does the Equal Protection Clause of the Fourteenth Amendment permit the consideration of race in undergraduate admissions decisions†. 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Just over 30 years ago, it was a crime for interracial couples in Virginia to marry, or to live as husband and wife. Prior to the 1967 case of Loving v. Virginia

Sexual Orientation, Homosexuality, And Bisexuality

Sexual Orientation can be defined as the persistent pattern of romantic or sexual attraction to another. The opposing person who you are attracted to can either be of the opposite sex, the same sex, or to both sexes. Although these are the three main categories, there are sometimes minor categories that can be used to define sexual orientation as well. This could be where they may consist of being attracted to different gender identities, maybe innate objects, or may not even be attracted to anything at all. Whatever it may be, sexual orientation is not a choice and cannot be changed manually. The three main attractions are generally labelled under heterosexuality, homosexuality, and bisexuality. People who are attracted to members of the†¦show more content†¦These people have to face society when people constantly discriminate them on a large scale. This can so often have you feeling like you are alone in the world and lead to common mental health issues. Common mental health issues within them include depression, anxiety, substance abuse problems with family and relationship issues. So that all the people who are of other sexual orientations feel like they are not alone, they created the LGBTQ community. (McGarrity) The L stands for lesbians for the women who are attracted to other women. The G stands for gay men for the men who are attracted to other men. The B stands for bisexuals for the men and women who are attracted to both women and men. The T stands for transgendered. The term transgendered is a broad term that includes cross-dressers, transsexuals, and people who live their lives as the gender other than their birth gender. Transgender people can be straight, gay, lesbian, or bisexual. The Q stands for questioning meaning if someone who is questioning their sexual and/or gender orientation. People think that sexual orientation is something that is â€Å"caused† or â€Å"developed†. This is not the specific case because researchers can show that it is based on biological factors that are in place before birth. This means that it can come from studies of family histories and genes. Plenty of research has been conducted to determine the influence of genetics,

Entrepreneurship Economic Development

Question: Discuss about theEntrepreneurshipfor Economic Development. Answer: Introduction All over the world, the economic development has largely been heavily influenced and driven by entrepreneurship. Entrepreneurship has been able to create new job opportunities and open up potential markets and impacted positively on the global economy. Most countries in the world are encouraging entrepreneurship among the youth and women to drive the economy. This assignment will focus on discussing the central concepts associated with entrepreneurship and how the concepts contribute to the national and global economy. Furthermore, the role of entrepreneurship policies and their contributions to the United Arab Emirates economy will also be enumerated. Concepts and Understanding of entrepreneurship According to Yetisen et al. (2015), entrepreneurship is the process of designing, launching and running a new business by offering a product or service. An entrepreneur is a person who can identify an opportunity, take risks and create a business to attain profits. Advancement in technology has fueled entrepreneurship by presenting many business opportunities in the field of technology especially information technology. The major role of an entrepreneur is innovation and taking risks to exploit an opportunity (Zhang, et al. 2015). Entrepreneurship has its challenges despite its benefits. For instance, lack of capital is the most common problem affecting entrepreneurship. Others include lack of experience, poor inventory, poor management, lack of financial management skills and inability to manage the growth of the business (Burdus, 2010). Entrepreneurship is influenced by several factors which determine its success or failure. These factors include globalization, demographics, development of new technology, the internet, etc. Contribution of Entrepreneurship to National and Global Development Entrepreneurship is being embraced by various governments to spur economic growth and create job opportunities for the youth. Entrepreneurship has been widely emphasized both in developed and developing countries as a mechanism to reduce the increasing unemployment rates. It is for this reason that entrepreneurial hubs and centers have been set up in the main cities around the world such as Silicon Valley in California, Shenzhen Hi-tech industrial park in China, silicon wadi in Israel, Tsukuba in Japan, and Suwon in South Korea among others. Many of the new business created by these entrepreneurial hubs have made a huge difference in the world such as Facebook, Google, Cisco Systems, Adobe, etc. from the Silicon Valley. For instance, the GDP of California, India, Taiwan, Japan and South Korea have increased and unemployment rates reduced in the last decades partly due to entrepreneurship especially in the technology and computer fields. Silicon Valley is ranked third in GDP per capit a in the world (MNM partners, 2015) The millennium development goals which were set by the United Nations Development Program (UNDP) and the World Bank are majorly dependent on entrepreneurship to realize these aims, especially for developing countries. Some of the wealthiest individuals on in the world amassed their wealth through entrepreneurship, and they have contributed to global development through products that are life changing. Entrepreneurship Policies in the UAE and the Impact on the Economy The United Arab Emirates economy is the second largest after Saudi Arabia and traditionally based on petroleum and gas. The various governments in the Emirates have identified entrepreneurship especially research and innovation to develop the economy to counter the consequences of fluctuating oil and gas prices. This plan is based on established innovation hubs and technology parks in higher institution of learning. For instance, the United Arab Emirate of Abu Dhabi is planning on injecting US$300 billion to build high-tech institutions of learning to foster innovation (Khaleej Times, 2015).The United Arab Emirates government has come up with a national innovation strategy. The plan is based on education funding and youth training. The national innovation strategy prioritizes innovation in health, technology, transportation, clean energy; education and water (The United Arab Emirates, 2015).The Dubai Hub in Dubai and Dubai Education city are already under construction to boost innovation in technology and education respectively. Dubai hub brings together all innovators in the seven Emirates (The National, 2013).These change policies are having a positive effect on the economy which has seen megaprojects in hospitality, tourism and transport being completed and earning billions of revenues for the UAE government Conclusion Entrepreneurship is the best mechanism for fostering national and global development. Creditors and lenders should encourage entrepreneurship, especially among the youth by enabling them access capital so as to take advantage and realize real business opportunities. The United Arab Emirates is strategically positioning itself as the next innovation hub to spur entrepreneurship development. However, United Arab Emirates should improve its ease of doing business by getting rid of the bureaucracy. Moreover, the country should come up with policies to encourage and promote female entrepreneurs. References AK Yetisen., LR Volpatti., AF Coskun., S Cho; E Kamrani; H Butt; A Khademhosseini; SH Yun (2015).Entrepreneurship, Lab chip Burdus E. (2010). Fundamentals of entrepreneurship. International Comparative Management,Volume 11, Issue 1 Black, E., Burton, F. Greg., W, David, A., Zimbelman, Aaron, F. (August2010). Entrepreneurial success: differing perceptions of entrepreneurs and venturecapitalists. The International Journal of Entrepreneurship and Innovation, p.189-198Deakins, D.; Freel, M. S. (2009). "Entrepreneurial activity, the economy and the importance of small firms, Entrepreneurship and small firms, McGraw-Hill EducationS.X Zhang,J.Cueto (2015).The study of bias in entrepreneurship. Entrepreneurship Theory and Practice The United Arab Emirates (2015).National Innovation Strategy. Retrieved from https://https://www.uaeinnovates.gov.ae/docs/default-source/pdfs/national-innovation- strategy-en.pdf?sfvrsn=2