Building an Entrepreneurial Ecosystem...
Transcript of Building an Entrepreneurial Ecosystem...
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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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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• 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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• 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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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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• 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!