Changes

Jump to navigation Jump to search
'''High Levels of Entrepreneurship in Biotech & Culinary Industries.''' I have observed that the Washington, DC metropolitan area has incubators, accelerators, and shared workspaces concentrated in the biotech and culinary industries. A.) Biotech: Biotech entrepreneurship is primarily found in Bethesda, MD and Rockville, MD and these areas are ranked highly nationally in biotech. This prestige in the biotech space can be attributed to the number of federal research facilities and BioHealth-focused agencies located in Bethesda and Rockville and the number of strong, local research-focused universities, such as Johns Hopkins University. However, recent 2015 reports by the U.S. Economic Development Administration found that these areas are very highly ranked in research and development, but are lowly ranked in terms of business creation (IPOs) from this research, partially due to low-levels of seed stage investment in the area. B.) Culinary: Culinary entrepreneurship is primarily concentrated in the city limits of Washington, DC. DC has 6 food-focused accelerators and incubators, including Mess Hall, Union Kitchen, Tastemakers, Eatsplace, and Tastelab. Moreover, DC has the DC Food Policy Council, which identifies regulatory burdens for local food businesses and entrepreneurs.
'''Most Incubators Are Affiliated with Larger National Incubator Networks or Are Government/University-Backed.''' I found that most incubators in the DC metropolitan area are government-supported (i.e. FedTech and the Rockville Innovation Center) or are university-affiliated (i.e. MEC Fairfax, In3, and the AU Entrepreneurship Incubator). I noticed that most incubators unaffiliated with a government entity or a university were usually a part of a larger national incubator network (i.e. 1776 and the Global Development Incubator). I identified very few incubators that existed solely in DC that were not university or government-affiliated, except culinary incubators. Sources: [http://startupsusa.org/global-startup-cities/report.pdf/ Rise of the Startup City]; [https://www.1776.vc/wp-content/uploads/2017/10/Innovation-that-Matters-2017-2.pdf/ Innovation that Matters]; [https://indicators.kauffman.org/data-table/ Kauffman Indicators or Entrepreneurship]; [https://www.1776.vc/wp-content/uploads/2017/10/Innovation-that-Matters-Index-2017.xlsx/ Innovation that Matters Spreadsheet]; [http://www.greaterbaltimore.org/sites/default/files/biohealth%20index.pdf/ Central Maryland Biohealth Innovation Index]; and [http://www.greaterbaltimore.org/sites/default/files/InnovationBrief.pdf/ 2014 Innovation Brief]. 
==''What are the factors of performance of the Washington, DC ecosystem?''==

Navigation menu