His Excellency Maqbool bin Ali Sultan concluded the final feedback session and remarked on the successful outcome of the event not forgetting to mention that all should follow up, get in touch with each other and see how they can benefit from the gathering.

Sam Hamdan Chairman and Chief Strategist of GLT, summed up the 3-day summit activities noting the discoveries of many important ways to facilitate innovation and entrepreneurship. He stated that all have heard from leading experts from around the world and have provided their ideas and input, and stressed that democracy was practiced by voting for the tenants believed to be most important. 

He pointed out that participants, as a group of leaders in their respective areas, have agreed to several actionable steps that can be taken to encourage innovation and entrepreneurship. Recapping three days of sessions and dynamic exchanges of ideas, Hamdan broke down the outcome into seven main categories. 

• First important element to emerging markets, which was refereed to throughout the summit is Innovation Clusters. The need for nations to go behind business parks to innovation clusters, specifically in the Arab World. 50% of the Arab population is under the age of 21. There is a lot of potential for this nation to be one of the most powerful economic blocks in the world, Hamdan explained. When these innovation clusters get developed intelligently in harmony with the natural environment, it will allow us to create knowledge based cities that will generate prosperity, safety and high quality of life for all citizens. 
  In Oman GLT along with few other companies are committed to engage in further discussions about the first innovation valley in the Arab world, whose blueprint has already been initiated, where the infrastructure and policies will play and create an environment that facilitate the success of technology startups.
• The second element, which is as critical, as all voted, is Youth Innovation. The need to cultivate a culture of innovation and risk taking among our youth. This requires employers, educators and mentors to reward risk-taking, by not punishing individual for failure. DHL, Humana, Cisco, and a lot of other companies as the commitment sheets reflected have agreed to mentor specific programs for mentoring youth in emerging markets and be able to enable them to join their corporation for a period of time to learn about specific practices, that they will in turn bring back to their nations. 
• Number three: Access to Capital and Innovation. All agreed that the government and the private sector investors must step forward with the funds necessary for entrepreneurs to transform their creative ideas into lucrative enterprises. These public/private partnerships will create a mutual commitment to success and an opportunity to share in the rewards of these innovative ventures. Many of you have expressed interest. More than 12% voted as ready to contribute to an innovation fund, a transparent innovation fund, by which the future constituents of the World Summit can vote on specific initiatives by which these funds will be disbursed. 

• The forth element heard, is Best Practices. There is an absolute need to embrace standards of operational excellence where ever they reside, with no tags and no matter where they have been made. What one nation or corporation learns can be transferred to best practices that can be adopted across borders and industries. 

• The fifth element, which is as important, is Social Innovation, Regulatory hurdles are the enemy of innovation and entrepreneurship and it stifles creativity and risk taking. Red Tape must be eliminated, we have heard from all. Procedures must be streamlined. In fact, they must be designed to nurture the entrepreneurial spirit in every child, every woman, every CEO and every government official. Today an overwhelming majority, more than 86% of participants, voted and agreed that citizens must be the center of policy making. 

• Number six, is Empowerment of Innovation among Women. Imagine the possibility, if overnight, emerging nations, specifically in the Arab World, could double the number of people contributing to the advancement of their economies. How could we expect to be competitive and be advanced if half of our population is not contributing to the competitiveness of our sectors? That possibility is not far fetched. It simply requires a commitment from policy makers of equality in the work place, giving women support, access and opportunity needed both educationally and professionally to contribute to the overall image of the nation. 

• And last but not least, the Seventh element which is as critical, Cultural Collaboration. Inter-paralleled world, cross cultural collaboration is a must. More than 55 countries from 5 continents were represented at this summit. It was proven that all have started this move of innovation & entrepreneurship, the collective desire to create a strong middle class, in the Arab World, in South Africa, in Angola, in Costa Rica, and the likes. It was proven at the World Summit during the last three days, where each one acted as a co-innovator in this process working in partnership, to identify what must be done to succeed. Overall attendance contribution and most importantly commitments at this World Summit on Innovation & Entrepreneurship affirmed that the better generation in the making has already been set in motion.