Building an Entrepreneurial Ecosystem...

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A global leader in entrepreneurship 10 th Annual George Washington University Global Entrepreneurship Policy & Research Conference U.S. Capitol Building, Washington D.C. / October 3, 2019 Presented by: DR. ALEX F. DENOBLE Executive Director and Professor of Entrepreneurship Lavin Entrepreneurship Center, San Diego State University BUILDING AN ENTREPRENEURIAL ECOSYSTEM

Transcript of Building an Entrepreneurial Ecosystem...

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A global leader in entrepreneurship

10th Annual George Washington University

Global Entrepreneurship Policy & Research ConferenceU.S. Capitol Building, Washington D.C. / October 3, 2019

Presented by:

DR. ALEX F. DENOBLEExecutive Director and Professor of Entrepreneurship

Lavin Entrepreneurship Center, San Diego State University

BUILDING AN ENTREPRENEURIAL ECOSYSTEM

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A global leader in entrepreneurship

THE GLOBAL PROLIFERATION OF ENTREPRENEURSHIP

Indicators of Global Entrepreneurship Activity

• Startup economy generated > $2.8 trillion in economic value

(Source: 2019 Global Startup Ecosystem report).

• Growth in on-campus ENT programs: More than 2000 in the U.S. alone in 2014

(Source: Kauffman Foundation)

• More than 50 worldwide regions generating > $4 billion in ecosystem value

(Source: 2019 Global Entrepreneurship Network report)

• Formation of 1000’s of accelerators around the world in past decade(Source: 2019 Global Entrepreneurship Network report)

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A global leader in entrepreneurship

• Individuals with big ideas and belief in their abilities

• An abundance of talent

• A curious and supportive investment and finance community

• A startup friendly legal environment

• Knowledgeable professional service providers

• Connectors and mentors

THE ALCHEMY OF AN ENTREPRENEURSHIP ECOSYSTEM

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A global leader in entrepreneurship

• Intensive 3-month limited duration programs

• Cohorts of startups

• Availability of working spaces

• Facilitating access to capital

• Impactful mentoring

• Demo Days

The Heart of an Entrepreneurship Ecosystem:ACCELERATORS / INCUBATORS

Supporting the Growth of Startup Ventures:

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REGIONAL THEME-BASED ENTREPRENEURIAL ECOSYSTEMS

Future ecosystem develop will rely on regional resources and competencies. Examples include:

• Agribusiness

• Fintech

• Biotech

• Sports

• Food

• Artificial Intelligence

• Blockchain

• Robotics

• Smart City

• Solar Energy

And so much more!

Specialized Tech Specialized Industry

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A global leader in entrepreneurship

THE TOP 10 CHALLENGES AHEAD

• No one recipe fits all environments

• The availability of talent – What attracts talent to a region?

• An “arm’s length” investor community

• Reliable business institutions

• Effective mentoring

• Willing and effective connectors

• The need for diversity

• Understanding the effects of accelerators on venture emergence

• The need to scale

• Access to markets and infrastructure

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A global leader in entrepreneurship

• Creative forms of funding support through public / private partnerships

• Tax incentives to encourage research on and investment in startups

• Streamlined bureaucracy for business licensing

• Legal protections to encourage fairness and protection of IP

• Free or low cost access to facilities for startups to congregate

HOW CAN LOCAL, REGIONAL AND NATIONAL POLICY MAKERS HELP?

The Usual Suspects

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THANK YOU!