Find solution
What is permanent ecosystem?

What is an entrepreneurial ecosystem?

  • Different researchers have different definitions for the notion but I have seen "entrepreneurial ecosystem" or " Start-up Ecosystem" used increasingly in public discourse. I want to know exactly what is meant by it.

  • Answer:

    The entrepreneurial ecosystem is the collection of people, companies, organizations, venues, activities and government agencies that surround and support high growth startup companies in a given region. It includes the startups themselves and their founders, employees and contractors, the angel investors and venture capitalists who fund them, and the incubators, co-working spaces and accelerators that house them, along with business plan competitions, universities, educational classes, bloggers, community groups, tech meetups and other support organizations that help them. It additionally includes the professional service providers they engage (law firms, accountants, investment bankers, et al) and the larger corporations who serve as their customers, partners and eventual acquirers. On the governmental side are economic development agencies, labor and employment departments, regional technology centers, entrepreneurial assistance programs and business resource centers. But it also includes government grant programs and publicly funded venture capital funds, government tax and financing incentive programs, government purchasing and procurement programs aimed at small businesses, and a host of tech- and startup-focused job skills, training and education programs. Taken as a whole, a vibrant entrepreneurial ecosystem brings together and supports everything needed for the formation and growth of innovative, scalable businesses, including human, intellectual and financial capital.

David S. Rose at Quora Visit the source

Was this solution helpful to you?

Other answers

That's a great question: As any ecosystem it is comprised of elements that contribute to the supply and demand: universities and engineering programs who provide talent, VCs and angels who support with capital to grow those startups, government incentive programs and companies looking to acquire innovation (or other way of liquidation). A while back i wrote in details about that an ecosystem is in my POV: http://shanishoham.wordpress.com/2011/11/27/can-silicon-valley-be-replicated/

Shani Shoham

An entrepreneurial ecosystem, in a broader sense refers to the environment affecting the local/regional http://en.wikipedia.org/wiki/Entrepreneurship. But it can also be a group of companies, including http://en.wikipedia.org/wiki/Startup_company, and one or more coordination entities, which share similar goals and decide to form a http://en.wikipedia.org/wiki/Business_networking or organization in order to explore http://en.wikipedia.org/wiki/Economies_of_scale combined with http://en.wikipedia.org/wiki/Flexibility and strong entrepreneurial drive.http://en.wikipedia.org/wiki/Economies_of_scale can be explored in business functions such as http://en.wikipedia.org/wiki/Business_development, http://en.wikipedia.org/wiki/Financing, http://en.wikipedia.org/wiki/Market_analysis, http://en.wikipedia.org/wiki/Marketing_communications, IT / http://en.wikipedia.org/wiki/Management_information_systems infrastructure, http://en.wikipedia.org/wiki/Human_capital_management, legal support, http://en.wikipedia.org/wiki/Managerial_finance & http://en.wikipedia.org/wiki/Accounting_management while each participating http://en.wikipedia.org/wiki/Startup_company focuses to http://en.wikipedia.org/wiki/Research_%26_development, http://en.wikipedia.org/wiki/Product_Management, http://en.wikipedia.org/wiki/Sales & http://en.wikipedia.org/wiki/Pre-sales / after-sales support. In order to build an Entreprenuial Ecosystem, take a look at the below Infograph: Source: Wikipedia and SquishTalks

Devashish Patel

The Readers' Digest version: An entrepreneurial ecosystem is generally a geographic region whose residents, investors, leaders, laws, values, culture, etc. are all heavily favorable to starting companies. They tend to be highly tolerant of risk and are generally interested in maximum upside.

Alec Wilson

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.