The Role of ICT in Supporting Transnational Diaspora Entrepreneurship

Abstract

Millions of people around the world live in other countries than their countries of origin. In many developing countries, remittances sent home by migrants are a vital part of the economy. Transnational entrepreneurial activities by migrant entrepreneurs, also called diaspora entrepreneurs, involving resources from both the home and the host countries, can contribute to socio-economic value creation of both countries. ICT solutions can play an important role in facilitating and supporting such entrepreneurial activities. This chapter outlines the relevant context of migration, remittances, transnational diaspora entrepreneurship, and innovation systems, and discusses prerequisites and challenges of such ICT solutions.