I write to you from Mumbai having shown Their Royal Highnesses around some of the UK Venture Capital firms visiting India, and introducing them to the UK Government’s Head of Venture Capital investments into the UK – my wife!
The two scarcest resources on earth are not diamonds or oil, but money and blood – or to be specific entrepreneurial gene. Governments around the world are in a fierce war to capture as much of those genes as possible.
No longer are we in the age of Empire where you could just capture wealth. And as the age of commodities diminishes out of exhaustion or environment, so the age of intellectual property means the wealthiest nations are those producing the most intellectual property.
This not good news for the Middle East. But it’s great news if you are an entrepreneur. You who convert capital and your DNA into intellectual property for wealth creation of your countries.
Take Britain, in one sense just another small island off the coast of mainland Europe, yet unlike Iceland, a major global force. It is post Empire – with its Foreign and Commonwealth Office directed to work with its Investment and Trade Departments to ensure they attract capital and entrepreneurial talent to the Kingdom.
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