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Knowledge-based businesses like information technology have attracted large numbers of Brahmins, the traditional learned caste.
Mayfield adds: "Employee share ownership works well for knowledge-based businesses – those which are disproportionately vital to job creation – which is just what the Government wants to promote".
Next highest was Canada, at 3.5%, then America, Australia and France, at around 3%. Britain's creative firms are also more innovative than those in other sectors, a government survey found in 2005.The vitality of these knowledge-based businesses suggests that Britain's performance might look better if innovation were measured more broadly.
Knowledge-based businesses can do that; they can up and leave!
It also says its remit is expanding to include multiple sectors, such as knowledge-based businesses and "tech-enabled" companies, and in numerous regions across the U.K. "The challenge for BGF Ventures now is to disrupt early stage investing in the way that BGF has disrupted growth investing since 2011," says Calver in a statement.
"We intend to do that by expanding what we offer to more sectors, particularly knowledge-based businesses and tech-enabled companies, and to use our national footprint of 12 offices across the U.K. and Ireland to invest in more companies based outside London".
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He makes a strong case: sustaining economic growth and competitiveness requires China to get beyond mere labour-driven manufacturing and into the knowledge-based business of discoveries, inventions and other advances.Yet doing so will be hard, not least because of the country's well-earned reputation for pervasive academic and scientific misconduct.
"This is not a risky business, this is a knowledge-based business," he says.
This outsize contribution will surely grow as economies become more knowledge-based.Businesses are also rediscovering the attraction of cities after a prolonged fling with the suburbs and out-of-town office parks.
Rwanda has its own home grown Vision 2020 and 'Economic Development and Poverty Reduction Strategy' to transform its agricultural based economy into a knowledge-based hub for business and information technology by 2020.
Rwanda's development ambition is guided by its home grown Vision 2020 which aims to transform its agricultural based economy into a knowledge-based hub for business and information technology by 2020, with a projected annual increase of the country's economy to 11.5%.
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