Can innovation and entrepreneurship drive economic growth in developing countries? This independent evaluation from the World Bank Group examines the effectiveness of its support for innovation and entrepreneurship in developing countries. The report identifies key challenges and opportunities for the Bank Group to enhance its support, including: - Developing a consistent strategic framework - Improving risk financing for early-stage start-ups - Facilitating knowledge sharing This evaluation is for policymakers, development practitioners, and researchers seeking insightful analysis and actionable recommendations for fostering innovation and entrepreneurship in the developing world. It offers a comprehensive review of the World Bank Group's efforts and provides valuable lessons for improving their effectiveness.