6. vogel building and assessing entrepreneurial ecosystems

Building and Assessing Entrepreneurship Ecosystems

Dr. Peter VogelChair for Entrepreneurship & Technology Commercialization

peter.vogel@epfl.chwww.petervogel.org

2 November 7th, 2013

Ecosystems

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Entrepreneurship Ecosystems

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A dynamic, interactive community within a geographic region, composed

of varied and inter-dependent actors (e.g. entrepreneurs, institutions and

organizations) and factors (e.g. markets, regulatory framework, support

setting, entrepreneurial culture), which evolves over time and whose actors

and factors coexist and interact to promote new venture creation.

Everything starts with a definition...

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Entrepreneurship Ecosystems

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Sources: The Entrepreneurs‘ Ship®

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Factors and Actors

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Factors and Actors

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Telescoping Ecosystems

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Campus

Regional

National

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How to Start an Ecosystem?

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The formation of an ecosystem is a positive, reinforcing loop:

Success Stories

Importance of thelocation

Area attractive to talents

Innovation

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How to Start an Ecosystem? Swiss MedTech

November 7th, 2013

Long tradition of watchmaking, machine industry and pharma Expert knowledge in:

Micro- and nanotechnology Precision mechanics and electro-mechanics Material sciences and surface treatment

Unique combination of biotechnology and medical engineering

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How to Start an Ecosystem? Success Factors in CH

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Robust industry

Good public infrastructure

Macroeconomic balance

Favorable rules of labor market, working time and IP protection

Culture of Innovation

Excellent education system

Highly skilled workforce

Very attractive location (#2 in world in attractiveness for talents)

Internationally recognized research hub (EPFL, ETHZ, CERN,…)

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Swiss Startup Monitor

November 7th, 2013

Start-ups

Universities

CTI

Cantons

Banks & Analysts

Tech-transfer Centers

Tech Parks

Public & Press

Investors

Foundations

Research Labs

Swiss Start-up Monitor

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How to Start an Ecosystem? MedTech Ecosystem Mexico

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How to Start an Ecosystem? KAUST

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King Abdullah Bin Abdulaziz Al Saud: “It is my desire that this new University become one of the world's great institutions of research... The University shall have all the

resources that it needs to pursue these goals…” - 2009

10 bn USD initial endowment

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Global Ecosystem Project

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Sources: The Entrepreneurs‘ Ship®

Categorize 200k-300k organizations

evaluate & map ecosystems

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Global Entrepreneurship Ecosystem Project

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www.EntrepreneurShipEcosystems.com (coming soon)

Symbolic map

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Ecosystem Index

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Sources: The Entrepreneurs‘ Ship®

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Scientific Approaches for Assessment

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Primary Data Map, classify and analyze supporting organizations

Performance Measures Quantity of support in each of the dimensions

Quality of the support (e.g., via external raters)

Hard-facts (e.g., # participants, # projects funded, survival rates, jobs created etc)

Match between the regional USP and the pattern of ecosystem dimensions

Secondary Data National statistics offices

GEM

GEDI

Chambers of commerce

Companies Registrars

World Bank Doing Business Report

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When Building an Entrepreneurial Ecosystem, consider…

November 7th, 2013

Each ecosystem is unique

USP first!

Holistic implementation

Multi-stakeholder approach

Self-employment ≠ Entrepreneurship

Bureaucracy blocks innovation facilitate, don’t regulate!

Coordination and supervision

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A Call to Action…

November 7th, 2013

Governments

Promote the power of entrepreneurship as engine of economic growth

Remove the stigma of failure

Create networking opportunities

Create alternative funding opportunities and startup-friendly taxation

Entrepreneurs

Share stories

Help the next generation of entrepreneurs

Corporations

Sponsor incubators and accelerators

Recognize the contributions and success of entrepreneurs

Dr. Peter Vogel

Ecole Polytechique Fédérale de LausanneSwitzerland

Mail peter.vogel@epfl.chTwitter: @pevogel

Web http://www.petervogel.org

Thank you for your attention.

“The reasonable man adapts himself to the world; the unreasonable one

persists in trying to adapt the world to himself. Therefore all progress

depends on the unreasonable man.” (George B. Shaw, 1856-1950)