1. Existence of “entrepreneur” in

vocabulary

2. Local success story (e.g. if

he/she did it, I can!)

3. Capital (Funding)

4. Talent factory (Universities or

education institutions need

to be near by)

10. Large companies with

assets

5. Spaces to collaborate –

from coffee shops to co-working

space (and Wi-Fi)

9. Good weather & natural

environment

8. Good transportation &

infrastructure

7. Government support (e.g.

grants)

6. Startup institutions

mentorship (i.e. accelerators, incubators)

Top 10 Startup Ecosystem Pillars