Global Entrepreneurship Congress | Daily Roundup | 27 March 2022

Apple Co-founder Steve Wozniak reveals thinking behind his new space venture Privateer.
27 Mar 2022

To kick off the Global Entrepreneurship Congress, Steve Wozniak, Co-Founder of Apple, was interviewed by Jonathan Ortmans, Founder and President of Global Entrepreneurship Network. They discussed the barriers to entrepreneurism globally, and how his passion for electronics, design, and mathematics ignited his entrepreneurial career.

He also provided insight into the future of ‘astro-preneurs’ and spoke on his new space venture, Privateer. When quizzed about Silicon Valley working models, Wozniak encouraged entrepreneurs to opt for a more organic approach and investigate problems closest to them.

During the event, Wozniak said: “Right now, the efforts and launches and money that is coming from private instead of public sources to get into space, satellites and the like, is crossing over to where more of it is now private enterprise, and that’s one of the reasons for our name Privateer.”

Speaking further on Privateer, he stated: “People now, younger people are starting to think, there are a lot of people actually thinking, what if we could clean up some of this stuff that’s floating around space that might knock a satellite out that’s an important part of our lives. You know, things that we actually use and do, knocked out by accident, and a lot of people are talking that way because the cost has come way down to launch very small satellites with lots of sensors, and that’s one of the things our Privateer is doing, but we are starting by saying we’ve got to map.”

Wozniak added: “You can’t really take actions, same with the ocean, unless you have a bunch of buoys that are measurement systems. We’ve got to measure what’s out there. We’ve got to share the information with others and it’s going to take a lot more cooperation, but we want to get started in forming really good valuable maps that work.”

Key Highlights for Today: 

Reboot, Rethink, Regenerate: Building One Global Entrepreneurial Ecosystem

Jonathan Ortmans officially opened the GEC 2022 proceedings. He introduced the event’s key themes of ‘reboot’, ‘rethink’, and ‘regenerate’, and spoke about Saudi Arabia’s unique opportunity presented to local and foreign SMEs. Speaking on COVID-19, Ortmans said: “For entrepreneurs someone just changed all the rules – changed consumer values and needs – putting headwinds in the face of some and tailwinds to others. They are the leaders and we must foster their success in all our communities.”

Startup Nations Ministerial

Government ministers responsible for designing and implementing entrepreneurship policies met today in-person at the Startup Nations Ministerial for the first time since 2019. Held under the theme of “A New Business Plan for the Global Economy”, governments shared proven policies, best practices and new ideas for boosting entrepreneurial economies and the creation of new, job-creating startups. 

Fireside Chat with HRH Prince Abdulaziz Al Saud, Minister of Energy

The Minister for Energy highlighted that his department is shifting towards new sources of energy, fueled by the energy of young entrepreneurial minds across the department, many of which he personally thanked during his remarks. HRH Prince Abdulaziz Al Saud said: “Our offices are now full of young women and men, well trained, well educated, well-motivated, in our ecosystem we are doing a lot of work to attract this youthful, ambition and serious generation, who will one day become part of the endeavour to create the solutions for our energy sector.”

Fireside Chat with HRH Princess Lamia Bint Majed Al Saud

Princess Lamia Bint Majed Al Saud discussed the unique opportunity for entrepreneurship in Saudi Arabia, with a particular emphasis on the technology sector. She praised the ever-growing prospects for Saudi Arabia’s young population and women, noting that there has been significant progress in recent years following legislative changes. “We [Saudi Arabia] have a very bright future… in six months, you will see a huge difference in this country. We have development by the hour, not years.”

Kathryn Forrest

Manager for Communications | Global Entrepreneurship Network

Kathryn is the Manager for Communications at the Global Entrepreneurship Network (GEN), where she is responsible for telling and amplifying its … More