Keynote G20 YEA Summit Sydney - Entrepreneurship Ecosystems
-
Upload
dr-peter-vogel -
Category
Documents
-
view
564 -
download
2
description
Transcript of Keynote G20 YEA Summit Sydney - Entrepreneurship Ecosystems
Building and Assessing Entrepreneurship Ecosystems
Presentation at the G20 YEA Summit 2014 - Sydney
Dr. Peter Vogelwww.petervogel.org
@pevogel
© Dr. Peter Vogel (www.petervogel.org)
2
Entrepreneurship Ecosystems
Source: Vogel, 2013
© Dr. Peter Vogel (www.petervogel.org)
It all started at the World Entrepreneurship Forum…
3
Outline
Introduction to Entrepreneurship Ecosystems
Global Entrepreneurship Ecosystem Project
Assessing Entrepreneurship Ecosystems
Starting an Entrepreneurship Ecosystem
© Dr. Peter Vogel (www.petervogel.org)
4
Ecosystems
© Dr. Peter Vogel (www.petervogel.org)
5
Entrepreneurship Ecosystems we know…
Campus
Regional
National
© Dr. Peter Vogel (www.petervogel.org)
6
A dynamic, interactive community within a geographic region, composed of
varied and inter-dependent actors (e.g. entrepreneurs, institutions and
organizations) and factors (e.g. markets, regulatory framework, support setting,
entrepreneurial culture), which evolves over time and whose actors and factors
coexist and interact to promote new venture creation.
Everything starts with a definition...
Entrepreneurship Ecosystems
© Dr. Peter Vogel (www.petervogel.org)
7
Introduction to Entrepreneurship Ecosystems
Global Entrepreneurship Ecosystem Project
Assessing Entrepreneurship Ecosystems
Starting an Entrepreneurship Ecosystem
Outline
8
Categorize 200k-300k organizations
evaluate & map ecosystems
Global Entrepreneurship Ecosystem Project (2010)
© Dr. Peter Vogel (www.petervogel.org)
www.EntrepreneurShipEcosystems.org
9
Introduction to Entrepreneurship Ecosystems
Global Entrepreneurship Ecosystem Project
Assessing Entrepreneurship Ecosystems
Starting an Entrepreneurship Ecosystem
Outline
10
Factors and Actors
© Dr. Peter Vogel (www.petervogel.org)
11
Factors and Actors
© Dr. Peter Vogel (www.petervogel.org)
12
Ecosystem Index
Sources: Vogel, 2013
© Dr. Peter Vogel (www.petervogel.org)
13
Scientific Approaches for Assessment
Primary Data
Historical data (archival) of cities and regions
Understand key competencies of region (manufacturing, education, healthcare,..)
Assess strategy of region (high-tech, tourism, manufacturing, …)
Map, classify and analyze supporting organizations
Performance Measures
Quantity of support for each of the identified pillars
Quality of the support (e.g., via external raters and 1:1 interviews)
Hard-facts (e.g., # participants, # projects funded, survival rates, jobs created, etc)
Match between the regional USP and the pattern of ecosystem dimensions
© Dr. Peter Vogel (www.petervogel.org)
14
Scientific Approaches for Assessment
Secondary Data (some examples…)
National statistics offices
GEM
GEDI
Chambers of commerce
Companies Registrars
World Bank Doing Business Report
Heritage Freedom Index
Methodological Approaches
Spiderweb charts (cf Startup Genome Project)
Benchmarking / ranking based on overall indices
Qualitative Comparative Analysis (QCA) for equifinality comparison
© Dr. Peter Vogel (www.petervogel.org)
15
Introduction to Entrepreneurship Ecosystems
Global Entrepreneurship Ecosystem Project
Assessing Entrepreneurship Ecosystems
Starting an Entrepreneurship Ecosystem
© Dr. Peter Vogel (www.petervogel.org)
Outline
16
How to Start an Ecosystem?
The formation of an ecosystem is a positive, reinforcing loop:
Success Stories
Importance of thelocation
Area attractive to talents
Innovation
© Dr. Peter Vogel (www.petervogel.org)
17
How to Start an Ecosystem? Swiss MedTech
Long tradition of watchmaking, machine industry and pharma Expert knowledge in:
Micro- and nanotechnology Precision mechanics and electro-mechanics Material sciences and surface treatment
Unique combination of biotechnology and medical engineering
© Dr. Peter Vogel (www.petervogel.org)
18
How to Start an Ecosystem? MedTech Ecosystem Mexico
© Dr. Peter Vogel (www.petervogel.org)
I worked with the government of Nuevo Leon on: (1) Assessing the local USPs(2) Benchmarking the region with other MedTech regions(3) Derive strategic directions for a MedTech ecosystem
19
How to Start an Ecosystem? KAUST
King Abdullah Bin Abdulaziz Al Saud: “It is my desire that this new University becomes one of the world's great institutions of research... The University shall have all the
resources that it needs to pursue these goals…” - 2009
10 bn USD initial endowment
© Dr. Peter Vogel (www.petervogel.org)
20
When Building an Entrepreneurial Ecosystem, consider…
Each ecosystem is unique
USP first! What are core competencies & goal?
Holistic implementation
Multi-stakeholder approach
Self-employment ≠ Entrepreneurship
Coordination and supervision
Bureaucracy blocks innovation facilitate, don’t regulate!
© Dr. Peter Vogel (www.petervogel.org)
21
A Call to Action…
Governments
Promote the power of entrepreneurship as engine of economic growth
Remove the stigma of failure
Create networking opportunities
Create alternative funding opportunities and startup-friendly (1) taxation & (2)
labor laws Entrepreneurs
Share stories (both success and failure)
Help the next generation of entrepreneurs Incumbent Firms
Sponsor incubators and accelerators, build corporate VC practices
Collaborate with universities for long-term strategic M&A goals
Recognize the contributions and success of entrepreneurs
© Dr. Peter Vogel (www.petervogel.org)
Dr. Peter Vogel
University of St. GallenSwitzerland
Mail [email protected]: @pevogel
Web http://www.petervogel.org
Thank you for your attention.
“The reasonable man adapts himself to the world; the unreasonable one
persists in trying to adapt the world to himself. Therefore all progress
depends on the unreasonable man.” (George B. Shaw, 1856-1950)
© Dr. Peter Vogel (www.petervogel.org)