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Startup ecosystem

March 06, 2023

A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location (physical or virtual), interacting as a system to create and scale new startup companies. These organizations can be further divided into categories such as universities, funding organizations, support organizations (like incubators, accelerators, co-working spaces etc.), research organizations, service provider organizations (like legal, financial services etc.) and large corporations. Local Governments and Government organizations such as Commerce / Industry / Economic Development departments also play an important role in startup ecosystem. Different organizations typically focus on specific parts of the ecosystem function and startups at their specific development stage(s).[1][2]

Startup Ecosystem

Composition of the startup ecosystem

 
Startup Development Phases
 
Startup Ecosystem Dynamics

List of organizations and/or organized activities with startup activities

Investors from these roles are linked together through shared events, activities, locations and interactions. Startup ecosystems generally encompass the network of interactions between people, organizations, and their environment. Any particular start-up ecosystem[7] is defined by its collection of specific cities or online communities.

In addition, resources like skills, time and money are also essential components of a start-up ecosystem. The resources that flow through ecosystems are obtained primarily from the meetings between people and organizations that are an active part of those startup ecosystems. These interactions help to create new potential startups and/or to strengthen the already existing ones. There are a few common mistakes that entrepreneurs make that end up costing them their business, like inability to secure adequate funding, sudden market downturn and a poor scaling plan.[8]

External and internal factors

Startup ecosystems are controlled by both external and internal factors. External factors, such as financial climate, big market disruptions, and significant transitions, control the overall structure of an ecosystem and the way things work within it. Start-up ecosystems are dynamic entities that progress from formation stages to periodic disturbances (like the financial bubbles) and then to recovering processes.

Several researchers have created lists of essential internal attributes for startup ecosystems. Spigel[9] suggests that ecosystems require cultural attributes (a culture of entrepreneurship and histories of successful entrepreneurship), social attributes that are accessed through social ties (worker talent, investment capital, social networks, and entrepreneurial mentors) and material attributes grounded in a specific places (government policies, universities, support services, physical infrastructure, and open local markets). Stam[10] distinguishes between framework conditions of ecosystems (formal institutions, culture, physical infrastructure, and market demand) with systematic conditions of networks, leadership, finance, talent, knowledge, and support services.

Startup ecosystems in similar environments but located in different parts of the world can end up doing things differently simply because they have a different entrepreneurial culture and resource pool. The introduction of non-native peoples' knowledge and skills can also cause substantial shifts in the ecosystem's functions.

Internal factors act as feedback loops inside any particular startup ecosystem. They not only control ecosystem processes, but are also controlled by them. While some of the resource inputs are generally controlled by external processes like financial climate and market disruptions, the availability of resources within the ecosystem are controlled by every organization's ability to contribute towards the ecosystem. Although people exist and operate within ecosystems, their cumulative effects are large enough to influence external factors like financial climate.

Role of employee diversity

Employee diversity also affects startup ecosystem functions, as do the processes of disturbance and succession. Startup Ecosystems provide a variety of goods and services upon which other people and companies depend on. Thus, the principles of start-up ecosystem management suggest that rather than managing individual people or organizations, resources should be managed at the level of the startup ecosystem itself. Classifying start-up ecosystems into structurally similar units is an important step towards effective ecosystem managing.

Startup ecosystem studies

There are several independent studies made to evaluate start-up ecosystems to better understand and compare various start-up ecosystems and to offer valuable insights of the strengths and weaknesses of different start-up ecosystems. Startup ecosystems can be studied through a variety of approaches - theoretical studies, studies monitoring specific start-up ecosystems over long periods of time and those that look at differences between start-up ecosystems to elucidate how they work.

Since 2012, San Francisco-based Startup Genome has been the first organization to release comprehensive research reports that benchmark startup ecosystems globally. Currently led by JF Gauthier and Marc Penzel, the San Francisco-based startup has been the first organization to capture the requirements of a startup ecosystem in a data-driven framework.[11] Startup Genome's work influenced startup policies globally and is supported by thought leaders such as Steve Blank[12] and has appeared in leading business media such as The Economist, Bloomberg and Harvard Business Review.[13]

References

Notes

  1. ^ "The $3 trillion global start-up economy ... where and how start-up ecosystems are driving new growth". GeniusWorks. 2019-10-18. Retrieved 2021-04-02.
  2. ^ Deeb, George. "How To Build A Startup Ecosystem". Forbes. Retrieved 2021-04-02.
  3. ^ a b c d e f Empson, Rip (2012-04-10). "Silicon Valley, London, NYC: Startup Genome Data Reveals How The World's Top Tech Hubs Stack Up". TechCrunch. Retrieved 2013-11-17.
  4. ^ Sreeharsha, Vinod (2008-12-25). "Fiscal Chaos Aside, Start-Ups Bloom in Argentina". The New York Times. Retrieved 2013-11-17.
  5. ^ a b c d e f Zimmerman, Eilene (2013-07-17). "Austin's 'Silicon Hills' Builds on Its Infrastructure". The New York Times. Retrieved 2013-11-17.
  6. ^ Markoff, John (2008-02-08). "Seattle Taps Its Inner Silicon Valley". The New York Times. Retrieved 2013-11-17.
  7. ^ "Quick Facts about Startup Ecosystem in India". Aatmnirbhar Sena. 18 July 2020.
  8. ^ Kronenberger, Craig (2021-03-29). "What Startup Model is Right for You?". Startup Studio Insider. Retrieved 2022-03-14.
  9. ^ Spigel (2017) The Relational Organization of Entrepreneurial Ecosystems. 41(1): 49-72 DOI: 10.1111/etap.12167
  10. ^ Stam (2015) Entrepreneurial Ecosystems and Regional Policy: A Sympathetic Critique. European Planning Studies 23(9): 1759-1769. DOI: 10.1080/09654313.2015.1061484
  11. ^ Empson, Rip (20 November 2012). "Startup Genome Ranks The World's Top Startup Ecosystems: Silicon Valley, Tel Aviv & L.A. Lead The Way". TechCrunch. Retrieved 2016-10-10.
  12. ^ startup-ecosystem.compass.co http://startup-ecosystem.compass.co/ser2015/. Retrieved 2016-10-10. {{cite web}}: Missing or empty |title= (help)
  13. ^ "Transformational Entrepreneurship: Where Technology Meets Societal Impact". Harvard Business Review. Retrieved 2016-10-10.

Further reading

  • A Beginner's Guide to the Nordic Startup Ecosystem – Forbes
  • Knowledge Commercialization and Valorization in Regional Economic Development
  • Startup Weekend: How to Take a Company From Concept to Creation in 54 Hours – Marc Nager, Clint Nelsen, Franck Nouyrigat
  • Startup Ecosystem Angel Network

March 06, 2023
startup, ecosystem, this, article, includes, list, general, references, lacks, sufficient, corresponding, inline, citations, please, help, improve, this, article, introducing, more, precise, citations, august, 2013, learn, when, remove, this, template, message. This article includes a list of general references but it lacks sufficient corresponding inline citations Please help to improve this article by introducing more precise citations August 2013 Learn how and when to remove this template message A startup ecosystem is formed by people startups in their various stages and various types of organizations in a location physical or virtual interacting as a system to create and scale new startup companies These organizations can be further divided into categories such as universities funding organizations support organizations like incubators accelerators co working spaces etc research organizations service provider organizations like legal financial services etc and large corporations Local Governments and Government organizations such as Commerce Industry Economic Development departments also play an important role in startup ecosystem Different organizations typically focus on specific parts of the ecosystem function and startups at their specific development stage s 1 2 Startup Ecosystem Contents 1 Composition of the startup ecosystem 2 List of organizations and or organized activities with startup activities 3 External and internal factors 4 Role of employee diversity 5 Startup ecosystem studies 6 References 6 1 Notes 6 2 Further readingComposition of the startup ecosystem Edit Startup Development Phases Startup Ecosystem Dynamics Ideas inventions and research i e Intellectual property rights IPR Entrepreneurship Education 3 Startups at various stages 3 Entrepreneurs 3 Start up team members 3 Angel investors 4 Startup mentors 3 Startup advisors 3 Other business oriented people People from other organizations with start up activities Startup eventsList of organizations and or organized activities with startup activities EditUniversities 5 StudentsAdvisory and mentoring organizations Startup incubators 5 Startup accelerators Coworking spaces Service providers Consulting Accounting Legal etc Event organizers 5 Start up competitions 5 Startup Business Model Evaluators Business Angel Networks 5 Venture capital companies 5 Equity Crowdfunding portals Corporates telcos banking health food etc Other funding providers loans grants etc Start up blogs and social networks 6 Other facilitators Investors from these roles are linked together through shared events activities locations and interactions Startup ecosystems generally encompass the network of interactions between people organizations and their environment Any particular start up ecosystem 7 is defined by its collection of specific cities or online communities In addition resources like skills time and money are also essential components of a start up ecosystem The resources that flow through ecosystems are obtained primarily from the meetings between people and organizations that are an active part of those startup ecosystems These interactions help to create new potential startups and or to strengthen the already existing ones There are a few common mistakes that entrepreneurs make that end up costing them their business like inability to secure adequate funding sudden market downturn and a poor scaling plan 8 External and internal factors EditStartup ecosystems are controlled by both external and internal factors External factors such as financial climate big market disruptions and significant transitions control the overall structure of an ecosystem and the way things work within it Start up ecosystems are dynamic entities that progress from formation stages to periodic disturbances like the financial bubbles and then to recovering processes Several researchers have created lists of essential internal attributes for startup ecosystems Spigel 9 suggests that ecosystems require cultural attributes a culture of entrepreneurship and histories of successful entrepreneurship social attributes that are accessed through social ties worker talent investment capital social networks and entrepreneurial mentors and material attributes grounded in a specific places government policies universities support services physical infrastructure and open local markets Stam 10 distinguishes between framework conditions of ecosystems formal institutions culture physical infrastructure and market demand with systematic conditions of networks leadership finance talent knowledge and support services Startup ecosystems in similar environments but located in different parts of the world can end up doing things differently simply because they have a different entrepreneurial culture and resource pool The introduction of non native peoples knowledge and skills can also cause substantial shifts in the ecosystem s functions Internal factors act as feedback loops inside any particular startup ecosystem They not only control ecosystem processes but are also controlled by them While some of the resource inputs are generally controlled by external processes like financial climate and market disruptions the availability of resources within the ecosystem are controlled by every organization s ability to contribute towards the ecosystem Although people exist and operate within ecosystems their cumulative effects are large enough to influence external factors like financial climate Role of employee diversity EditEmployee diversity also affects startup ecosystem functions as do the processes of disturbance and succession Startup Ecosystems provide a variety of goods and services upon which other people and companies depend on Thus the principles of start up ecosystem management suggest that rather than managing individual people or organizations resources should be managed at the level of the startup ecosystem itself Classifying start up ecosystems into structurally similar units is an important step towards effective ecosystem managing Startup ecosystem studies EditThere are several independent studies made to evaluate start up ecosystems to better understand and compare various start up ecosystems and to offer valuable insights of the strengths and weaknesses of different start up ecosystems Startup ecosystems can be studied through a variety of approaches theoretical studies studies monitoring specific start up ecosystems over long periods of time and those that look at differences between start up ecosystems to elucidate how they work Since 2012 San Francisco based Startup Genome has been the first organization to release comprehensive research reports that benchmark startup ecosystems globally Currently led by JF Gauthier and Marc Penzel the San Francisco based startup has been the first organization to capture the requirements of a startup ecosystem in a data driven framework 11 Startup Genome s work influenced startup policies globally and is supported by thought leaders such as Steve Blank 12 and has appeared in leading business media such as The Economist Bloomberg and Harvard Business Review 13 References EditNotes Edit The 3 trillion global start up economy where and how start up ecosystems are driving new growth GeniusWorks 2019 10 18 Retrieved 2021 04 02 Deeb George How To Build A Startup Ecosystem Forbes Retrieved 2021 04 02 a b c d e f Empson Rip 2012 04 10 Silicon Valley London NYC Startup Genome Data Reveals How The World s Top Tech Hubs Stack Up TechCrunch Retrieved 2013 11 17 Sreeharsha Vinod 2008 12 25 Fiscal Chaos Aside Start Ups Bloom in Argentina The New York Times Retrieved 2013 11 17 a b c d e f Zimmerman Eilene 2013 07 17 Austin s Silicon Hills Builds on Its Infrastructure The New York Times Retrieved 2013 11 17 Markoff John 2008 02 08 Seattle Taps Its Inner Silicon Valley The New York Times Retrieved 2013 11 17 Quick Facts about Startup Ecosystem in India Aatmnirbhar Sena 18 July 2020 Kronenberger Craig 2021 03 29 What Startup Model is Right for You Startup Studio Insider Retrieved 2022 03 14 Spigel 2017 The Relational Organization of Entrepreneurial Ecosystems 41 1 49 72 DOI 10 1111 etap 12167 Stam 2015 Entrepreneurial Ecosystems and Regional Policy A Sympathetic Critique European Planning Studies 23 9 1759 1769 DOI 10 1080 09654313 2015 1061484 Empson Rip 20 November 2012 Startup Genome Ranks The World s Top Startup Ecosystems Silicon Valley Tel Aviv amp L A Lead The Way TechCrunch Retrieved 2016 10 10 startup ecosystem compass co http startup ecosystem compass co ser2015 Retrieved 2016 10 10 a href Template Cite web html title Template Cite web cite web a Missing or empty title help Transformational Entrepreneurship Where Technology Meets Societal Impact Harvard Business Review Retrieved 2016 10 10 Further reading Edit A Beginner s Guide to the Nordic Startup Ecosystem Forbes Knowledge Commercialization and Valorization in Regional Economic Development Startup Weekend How to Take a Company From Concept to Creation in 54 Hours Marc Nager Clint Nelsen Franck Nouyrigat Startup Ecosystem Angel Network Retrieved from https en wikipedia org w index php title Startup ecosystem amp oldid 1142555165, wikipedia, wiki, book, books, library,

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