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{{McNair ProjectsBlogPost|Project TitleHas title=Defining Navigating the Entrepreneurship Ecosystems Ecosystem (Vlog)|Topic AreaHas author=Entrepreneurship Ecosystems|Owner=TBD|Start Term=Summer 2016Dylan Dickens|End TermHas content status=TBD|Status=In Development|Deliverable=Other|Audience=General Public|Skills Needed=Video Editing|Keywords=Hubs, Incubators, Accelerators, Venture, Capital, Angel, Investor, Startups, Crowding-out|Primary BillingHas project status=Dr. Edward EganRepurpose

{{McNair Projects|Project Title=Navigating the Entrepreneurship Ecosystem (Vlog Script)|Topic Area=Entrepreneurship Ecosystem|Owner=Dylan Dickens |Start Term=Summer 2016|End Term=Summer 2016|Status=In Writing|Deliverable=Vlog Post|Audience=General PublicAt this initial stage,Students,Entrepreneurs, Policy Makers|Skills Needed=Writing I, Video Editing, Whiteboard Artistry|Keywords= Small Business, Start-ups, Capital, Accelerator, Hub, Incubator, Venture Capital, Angel Investor|Primary Billing=Dr. Edward Egan}}So it may be helpful for you want to go from being a "wantrepreneur" to seek partnership with an "entrepreneur?" Your first step is to navigate what is called entrepreneurship institution, the entrepreneurship ecosystemthree most common being accelerators, incubators, and hubs. In the high-techThese three types of institutions, high-growth small business environment which as defined following by [http://wwwpapers.kauffmanssrn.orgcom/what-we-dosol3/resources/entrepreneurship-policy-digest/the-economic-impact-of-high-growth-startups accordingpapers.cfm?abstract_id=2518668 research] to from MIT, the Kaufman Foundation accounts for up to 50% National Bureau of new jobs createdEconomic Research, and Rice University, there are a variety critical components of steps along the way to nation-wide success. Once you've got your idea, your business plan, entrepreneurship ecosystem and a rough vision for the future, the viable next step is to secure some starting capitalfor any early entrepreneur. [http://www.forbes.com/sites/brentgleeson/2013/08/29/4Accelerators are "fixed-realistic-waysterm, cohort-based programs including mentorship and educational components, that culminate in a public pitch event, often referred toas ‘demo-fundday’.” The mission of an accelerator, often a non-yourprofit entity, is to provide early stage start-small-business/#123720c7a576 Most] entrepreneurs these daysups with resources, as reported by Forbesmentorship, tend and networking needed to initially fund their projects themselvesgain access to venture capital funding. In On average, cohorts stay with an accelerator for 3 months culminating with a practice known as self-funding or bootstrapping, often times the first step in acquiring pitch to several venture capital involves devoting some of your own funds to your firminvestors.

At this initial stageIncubators “shelter vulnerable nascent businesses, it may allowing them to be helpful stronger to become independent," and they serve as a temporary space for you start-ups to seek partnership with an entrepreneurship institutiondevelop in their early stages. Unlike accelerators, the three most common being acceleratorsthere is no formal curriculum, incubatorscohorts, and hubs. These three types or duration of institutions, as defined following by [research http://papers.ssrn.com/sol3/papersstay.cfm?abstract_id=2518668] from MIT, the National Bureau Residents of Economic Researchincubators pay fees for both rent and services, and Rice University, are critical components not offered the breadth of the entrepreneurship ecosystem and a viable next step for any early entrepreneurresources found in an accelerator. Accelerators Hubs, also known as tech hubs or startup hubs, are "fixed-termentities that serve as an intersection between incubators, accelerators, cohortand co-based programs including mentorship working spaces to foster an entrepreneurial ecosystem and educational componentsenvironment. Hubs serve as leaders in their local entrepreneurial communities, that culminate in enabling entrepreneurs through a public pitch eventwide variety of programming, events, often referred to as ‘demo-day’and benefits.” The mission An additional benefit of an accelerator, often a non-profit entity, both incubators and hubs is to provide early stage allowing the dissemination of information across multiple start-ups with resources, mentorship, and networking needed to gain access to venture capital funding. On average, cohorts stay with an accelerator for 3 months cumulating with a pitch allowing everyone to several venture capital investorsmake smarter decisions through collaboration.

Incubators “shelter vulnerable nascent businessesIf your business has survived this far, allowing them and grown thanks to be stronger either an accelerator, incubator, or hub, chances are your company needs to become independent,expand beyond the limits of "boot-strapping" and they serve self-funding. There are a couple of capital dispensing players in the entrepreneurship ecosystem that you could turn to. First to consider are angel investors, as a temporary space defined by [http://www.mit.edu/~aschoar/KLS-Angels-June2011.pdf research ] from the National Bureau for Economic Research as “high-net-worth-individuals that make private investments in start-ups to develop in up companies with their early stagesown money. Unlike accelerators” Recently, there is no formal curriculum, cohorts, or duration of stay. Residents of incubators pay fees for both rent and services, and are not offered the breadth seems to be a trend of angel investors pulling their resources found together in an accelerator. Hubs, also what are known as tech hubs either angel groups or startup hubs, are entities that serve as an intersection between incubators, accelerators, and co-working spaces to foster an entrepreneurial ecosystem and environmentangel funds. Hubs serve as leaders in their local entrepreneurial communitiesIn these groups, enabling entrepreneurs through combined capital allows a combination of larger investments or a wide variety more diversified portfolio of programming, events, and benefitsinvestments. Crowdfunding or Small Business Association loans may also provide needed income at this stage.

If your business has survived this faryou still need more funding then venture capital may be for you. Venture capital firms, as defined by [http://www.ppge.ufrgs.br/giacomo/arquivos/esp207/amit-brander-zott-1998.pdf research] from the University of British Columbia, and grown thanks to either an acceleratorVancouver provide "equity, incubatordebt, or hubhybrid forms of financing, chances are your company needs often in conjunction with managerial expertise to privately held entrepreneurial firms" A significant benefit of utilizing venture capital is access to expand beyond large amounts of capital, although in exchange for a small portion of the limits ownership. Many start-ups need multiple waves of "boot-strapping" and self-VC fundingbefore developing enough to go public through an IPO, or to be bought out by a larger company through an acquisition offer. There These two end-games are a couple the pinnacle of capital dispensing players in entrepreneurial achievement. In order to reach this point, you'll have to navigate the entrepreneurship ecosystem that you could turn toomany helpers, hurdles, and hindrances mentioned before which lie along your route.