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Entrepreneurial Ecosystem (view source)
Revision as of 13:40, 21 September 2020
, 13:40, 21 September 2020no edit summary
{{Project
|Has project output=Content,Guide
|Has sponsor=McNair Center
|Has title=Entrepreneurial Ecosystem
|Has project status=Complete
}}
The entrepreneurial ecosystem is comprised of a wide array of institutions and resources that contribute to the development of entrepreneurship on a local or municipal level. These components have led to the creation of clusters of entrepreneurial success and economic growth, such as Silicon Valley (Palo Alto, California) or Route 128 (Massachusetts).
====Academic Research====
:Dan Fehder's new paper "Startup Accelerators and Ecosystems: Complements or Substitutes?" uses a regression discontinuity analysis on admission scores to the MassChallenge accelerator to find that accelerators do have a meaningful impact on an entrepreneurial venture's ability to access local resources. [http://danielfehder.com/wp-content/uploads/2015/10/Fehder_Accel_Ecosystem.pdf]
===Incubators===
There are several networks of tech hubs around the country and around the world, including Google's North American Tech Hub Network [https://www.googleforentrepreneurs.com/startup-communities/the-north-america-tech-hub-network/] and 1776's Startup Federation[http://www.1776.vc/startup_federation/].
[[Image:Hubs Plot 1_Cropped.jpg|frame|Map of notable tech hubs in North America]]
'''Notable tech hubs in North America:'''
*Capital Factory 1776[http://www.1776.vc/] (AustinWashington, TXDC) *1871 [http://www.1871.com/] (Chicago, IL)*American Underground [http://americanunderground.com/] (Raleigh-Durham, NC)*The Nashville Entrepreneur Center Benjamin's Desk[https://benjaminsdesk.com/] (NashvillePhiladelphia, TNPA)*CoCo Betamore[https://betamore.com/] (MinneapolisBaltimore, MNMD)*Communitech Cambridge Innovation Center[http://cic.us/] (WaterlooBoston, MA and St. Louis, Ontario CANMO)*Galvanize Capital Factory[http://capitalfactory.com/] (DenverAustin, CO and San Francisco, CATX)*Grand Circus CO+Hoots[https://cohoots.com/] (DetroitPhoenix, MIPA)*Norman House CoCo[https://explorecoco.com/] (MontrealMinneapolis, QuebecMN)*DevMountain Communitech[https://www.communitech.ca/] (ProvoWaterloo, UTOntario CAN)*Rocketspace Cross Campus[http://www.crosscamp.us/] (San FranciscoLos Angeles, CA)*NYU Entrepreneurial Lab DevMountain[https://devmounta.in/] (New YorkProvo, NYUT)*1776 Domistation[http://www.domistation.com/] (WashingtonTallahassee, DCFL)*StartX Galvanize[http://www.galvanize.com/] (Silicon ValleyDenver, CO and San Francisco, CA)*Betamore Grand Circus[http://www.grandcircus.co/] (BaltimoreDetroit, MDMI)*Trailhead GSVLabs[http://gsvlabs.com/] (BoiseRedwood, IDCA)*Cambridge Innovation Center Hatchery [http://hatchery.vc/] (BostonNew York, MA and StNY)*Hattery[http://hattery. Louiscom/] (San Francisco, MOCA)*Packard Place INcubes[http://incubes.ca/] (CharlotteToronto, NCCAN)*The Dallas Entrepreneur Center NGIN Workplace[http://nginworkplace.com/] (DallasBoston, TXMA)*The Venture Center Notman House[http://notman.org/] (Little RockMontreal, AKQuebec) *Venture Hive NYU Entrepreneurial Lab[http://entrepreneur.nyu.edu/?resource=leslie-elab] (MiamiNew York, FLNY)*Cross Campus Packard Place[http://packard.place/] (Los AngelesCharlotte, CANC)*Venn Centre Rocketspace[https://rocketspace.com/] (MonctonSan Francisco, CANCA) *Startup Mexico [http://www.startupmexico.com/] (Mexico City, MEX)*The Idea Village StartX[http://startx.com/] (New OrleansSilicon Valley, LACA)*CO+Hoots The Dallas Entrepreneur Center[http://www.thedec.co/] (PhoenixDallas, PATX)*BenjaminThe Genesis Center[http://www.genesiscentre.ca/] (St. John's Desk (Philadelphia, PACAN)*Hattery The Idea Village[http://ideavillage.org/] (San FranciscoNew Orleans, CALA)*The Genesis Nashville Entrepreneur Center (St[http://www.ec. John's, CAN)*Domistation co/] (TallahasseeNashville, FLTN)*INcubes The Venture Center[http://www.venturecenter.co/] (TorontoLittle Rock, CANAK) *Hatchery Trailhead[https://trailheadboise.org/] (New YorkBoise, NYID)*GSVLabs Venn Centre[http://venncentre.ca/] (RedwoodMoncton, CACAN)*NGIN Workplace Venture Hive[https://www.venturehive.com/] (BostonMiami, MAFL)
==Angel Investors==
''in progress''
Venture capitalists specialize in investing in high-growth start-up firms, especially those in technology sectors. A venture capital firm can control a number of funds at any given time. Each fund raises large amounts of money from institutional investors, particularly pension funds and insurance companies, as well as some high net worth individuals. A fund typically lasts for 10 years, choosing a portfolio of start-up companies to invest in within the first 5 years and purchasing equity in those companies. The average start-up will receive 3 rounds of venture capital funding from different syndicates of capitalists over 5-6 years before achieving an IPO, being acquired by another company, or shutting down operations. By unwritten rule, at least one venture capital fund in each syndicate must be less than a twenty-minute drive away from the start-up. As a consequence, venture capital has been established as an urban phenomenon, concentrated in a handful of cities across the United States.
===Venture Capital Investment by Region===
*'''Entrepreneurship education''': formal education on topics on or related to entrepreneurship, particularly in higher education such as MBA or undergraduate business programs
*'''Established incumbent firms''': successful incumbent firms provide partnership, engage in open innovation, and act as a source for acquisition and spin-off in the entrepreneurial ecosystem
*'''Flex-space and other resource providers''': businesses offering a variety of services specific to start-ups, primarily focusing on the supply of workspace to early stage ventures or entrepreneurs. WeWork is an example flex-space provider with office through-out the US and Canada.[http://news.buzzbuzzhome.com/2015/12/wework-first-toronto-shared-office-richmond.html]
*'''Skilled labor''': members of the work force with advanced degrees, particularly in the areas of Science, Technology, Engineering, and Mathematics
*'''Small business lending''': a subset of loans offered by financial institutions, specifically to small business that fall under the classifications established by the SBA [https://www.sba.gov/category/navigation-structure/contracting/contracting-officials/small-business-size-standards]
*'''Serial entrepreneurs and previous VC-backed firms''': individual and firms that have found success in the entrepreneurial space, and are likely to engage in entrepreneurship in the future
*'''Universities''': research institutions, that include not just the practice of innovation by members of the university, but also the university's interactions with entrepreneurs, spin-outs, technology transfer offices, and other mechanisms of interaction with the entrepreneurial space
==Useful Entrepreneurship Maps==
* Barcelona startup map [http://w153.bcn.cat/#/]
* Amsterdam startup map [http://app.startupamsterdam.org/#/companies/map?q=locations(Amsterdam,Netherlands)]
* Israel startup map [https://mappedinisrael.com/]
* Startup blink [http://www.startupblink.com/Houston-startups]
* Represent LA [http://represent.la/]
