How to Create a Successful Regional Startup Ecosystem: A Policy-making Analysis
DOI:
https://doi.org/10.4335/17.3.747-768(2019)Keywords:
regional innovation ecosystem, startup, policy-making analasys, South East EuropeAbstract
The paper analyses regional startup ecosystems in South-East Europe and policy measures implemented in individual ecosystems. It shows that different startup ecosystems have different levels of support measures and different levels of success in creating, growing and retaining local startups and attracting startups from other regions. Results show that policy-makers can help create attractive ecosystems and thus create business environments that can greatly enhance the attraction of their ecosystem for domestic startup and attract foreign startups. If successful, this can result in a virtuous circle of constantly increasing attractiveness of a regional startup ecosystem.
References
Adner, R. (2006) Match your innovation strategy to your innovation ecosystem, Harvard Business Review, available at: http://pds12.egloos.com/pds/200811/07/31/R0604Fp2.pdf (December 8, 2018).
Arrow, K. (1962) Economic welfare and the allocation of resources for invention, In: The Rate and Direction of Inventive Activity: Economic and Social Factors (Washington D.C.: National Bureau of Economic Research), available at: http://www.nber.org/chapters/c2144.pdf (December 8, 2018).
Blank, S. (2013) Why the lean start-up changes everything, Harvard Business Review, available at: https://dev.enterprisersproject.com/sites/default/files/Why The Lean Start Up Changes Everything.pdf (December 8, 2018).
Bleda, M. & del Río, P. (2013) The market failure and the systemic failure rationales in technological innovation systems, Research Policy, 42(5), pp. 1039–1052, https://doi.org/10.1016/j.respol.2013.02.008.
Cohen, S. & Hochberg, Y. V. (2014) Accelerating Startups: The Seed Accelerator Phenomenon, SSRN Electronic Journal, https://doi.org/10.2139/ssrn.2418000.
Startup Commons (2015) White paper on Startup Ecosystems (San Francisco: Startup Commons).
European Commission (2016). Europe’s next leaders: the Start-up and Scale-up Initiative (Brussels: European Commission).
European startup initiative (2017) Startup Heatmap Europe 2017, available at: https://www.startupheatmap.eu/assets/pdf/startups-heatmap-europe_2017_executive-summary.pdf (December 8, 2018).
Feld, B. (2012) Startup communities: Building an entrepreneurial ecosystem in your city (Hoboken: John Wiley & Sons).
Hwang, V. W. & Horowitt, G. (2012) The Rainforest: The secret to building the next Silicon Valley (Regenwald).
Klein Woolthuis, R., Lankhuizen, M. & Gilsing, V. (2005) A system failure framework for innovation policy design, Technovation, 25(6), pp. 609–619, https://doi.org/10.1016/j.technovation.2003.11.002.
Mattina, N. (2014) Nicola Mattina Open Innovation and the 5 Pillars of a Startup Community, available at: file:///C:/Users/ales.pustovrh/Downloads/openinnovationandstartupcommunity-141217035713-conversion-gate02.pdf (December 8, 2018).
Nelson, R. R. (1993) National innovation systems: a comparative analysis (Oxford: Oxford University Press).
Pauwels, C., Clarysse, B., Wright, M. & Van Hove, J. (2016) Understanding a new generation incubation model: The accelerator, Technovation, 50–51, pp. 13–24, https://doi.org/10.1016/j.technovation.2015.09.003.
Pustovrh, A., & Jaklic, M. (2018) Open innovation policies for the establishment of successful entrepreneurship ecosystems – a conceptual model (Ljubljana: School of Economics and Bussines).
Pustovrh, A. & Jaklič, M. (2014) National innovation policies in the EU: a fuzzy-set analysis, Economic and Business Review, 16(1), pp. 39–62.
Ries, E. (2011) The lean startup: How today’s entrepreneurs use continuous innovation to create radically successful businesses (New York: Random House LLC).
Stam, E. & Spigel, B. (2016) Entrepreneurial Ecosystems and Regional Policy Sage Handbook for Entrepreneurship and Small Business (Newcastle upon Tyne: SAGE).
The Economist (2014) A Cambrian moment - tech startups report, available at: https://www.economist.com/special-report/2014/01/16/a-cambrian-moment (December 8, 2018).
Weiblen, T. & Chesbrough, H. W. (2015). Engaging with Startups to Enhance Corporate Innovation, California Management Review, 57(2), pp. 66–90, https://doi.org/10.1525/cmr.2015.57.2.66.
