Essential elements of an entrepreneurial ecosystem
| Elements | Author |
|---|---|
| Policy - The role of public defenders in relation to entrepreneurs and entrepreneurship; promotion of entrepreneurship; establishing effective institutions associated with entrepreneurship; removing structural barriers to entrepreneurship | Isenberg (2010, 2011) |
| Human Capital - Teaching entrepreneurship to secondary school and university students; aligning teachers with startups; experience in creating organisations, hiring, and developing structures, systems and controls; experience as professional advisors | Isenberg (2010, 2011) |
| Support - Transportation (roads, airports, railways, container transport); communication (digital, broadband, mobile); personnel: technical and market consultants; concentrations of high-potential and high-growth enterprises; proximity to universities, standardization agencies, vocational training, suppliers, consulting firms and professional associations | Isenberg (2010, 2011) |
| Culture - Promoting a culture tolerant of errors and failures; embracing Risk-Taking; respecting entrepreneurship as a worthy occupation; inspiring young and aspiring entrepreneurs; disseminating entrepreneurial culture | Isenberg (2010, 2011) |
| Finance - Providing equity capital for Pre-Incubation stage companies; adding monetary value, such as guidance and networking; assisting investors and entrepreneurs in building relationships and learning from each other; promoting and supporting entrepreneurship | Isenberg (2010, 2011) |
| Market - Strengthening and encouraging entrepreneurs within the country or region and High-Performance networks; stimulating the creation of new ventures and local offices of multinational corporations; willingness to provide advice, particularly on new products or services; flexibility in payment terms to accommodate the cash flow needs of young and rapidly growing suppliers | Isenberg (2010, 2011) |
| Elements | Author |
|---|---|
| Policy - The role of public defenders in relation to entrepreneurs and entrepreneurship; promotion of entrepreneurship; establishing effective institutions associated with entrepreneurship; removing structural barriers to entrepreneurship | |
| Human Capital - Teaching entrepreneurship to secondary school and university students; aligning teachers with startups; experience in creating organisations, hiring, and developing structures, systems and controls; experience as professional advisors | |
| Support - Transportation (roads, airports, railways, container transport); communication (digital, broadband, mobile); personnel: technical and market consultants; concentrations of high-potential and high-growth enterprises; proximity to universities, standardization agencies, vocational training, suppliers, consulting firms and professional associations | |
| Culture - Promoting a culture tolerant of errors and failures; embracing Risk-Taking; respecting entrepreneurship as a worthy occupation; inspiring young and aspiring entrepreneurs; disseminating entrepreneurial culture | |
| Finance - Providing equity capital for Pre-Incubation stage companies; adding monetary value, such as guidance and networking; assisting investors and entrepreneurs in building relationships and learning from each other; promoting and supporting entrepreneurship | |
| Market - Strengthening and encouraging entrepreneurs within the country or region and High-Performance networks; stimulating the creation of new ventures and local offices of multinational corporations; willingness to provide advice, particularly on new products or services; flexibility in payment terms to accommodate the cash flow needs of young and rapidly growing suppliers |
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