3. napier supporting ecosystems for young scalable firms

Supporting ecosystems for young scalable firms

Glenda NapierHead of Analysis, REG X

OECD Meeting in the Hague, Thursday 7 November 2013

Today’s outline

• Background• Entrepreneurship ecosystems• Policy implications

Background

A bulk of recent ecosystem analysis and publications

However, entrepreneurs are

MANY but remain

SMALL

Ecosystems for scalable firms

Entrepreneurial Ecosystems (2011)

Dealmakers

Serial entrepreneurs

Established firms

Service providers

Risk capital

Knowledge institutions

Successful blockbuster reinvesting

Added valueAdded value

Added value

$

Added value

Benchmarking ecosystems

Entrepreneurial ecosystems

• Dynamic systems with heavy private sector involvement

• Ecosystems build on local geographical systems and have global outreach

• The strength of ecosystems vary across cities and industries and stages

• Ecosystems are sector-specific and connects to cluster policies.

Policy implications

A new perspective- from ”checking off” framework conditions to creating the glue between them and facilitate

collaboration

FC 1 F C

3FC 2

FC 4

Framework condition 5

FC 5

Framework condition 2

Framework condition 3

Framework condition 4

Framework condition 1 Ecosystem glue: Serial entrepreneurs dealmakers, experienced management teams

Startup-America Partnership to develop stronger ecosystems

America’s Top Entrepreneurs and Business Leaders Form New AllianceLaunched at the White House in January 2011, the Startup America Partnership is an independent alliance of top entrepreneurs, investors, corporations, universities, foundations, and other leaders, joining together to grow the entrepreneurial ecosystems that support innovative, high-growth U.S. startups. 

The Startup America Partnership has already mobilized more than $1 billion in private-sector commitments to provide products, services, mentorship and funding to scale and grow 100,000 U.S. startups over the next three years.

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• Revisit framework conditions and include measures for “ecosystem glue” • Conduct ecosystem analysis based on ecosystem model and identify it’s strengths and weaknesses• Develop more nuanced and internationally comparable data on entrepreneurship (sectors and metropolis)• Better understanding of serial entrepreneurs• New internationally comparable performance data and indicators reflecting the ‘born-big’ and blockbuster firm activities

Recommendations – KNOWLEDGE

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• Shape sector-specific and geographically anchored ecosystems for growth entrepreneurs• Identify and involve key actors within the different groups such as serial entrepreneurs, established firms, etc.• Engage in an Entrepreneurship Ecosystem Dialogue with the participation of key ecosystem actors (see above) and with a heavy private sector commitment • Integrate ecosystem and cluster policy development in order to facilitate/strengthen sector-specific ecosystems

Recommendations – ACTION

Thank you!

Glenda Napier

Head of Analysis

glenda@regx.dk