Understanding Entrepreneurial Ecosystem

2019 ◽  
Vol 10 (3) ◽  
pp. 103-115 ◽  
Author(s):  
Sachin A Meshram ◽  
A. M. Rawani
Keyword(s):  
Economic Development ◽  
High Growth ◽  
Knowledge Generation ◽  
Business Growth ◽  
Entrepreneurial Ecosystem ◽  
Research Directions ◽  
Entrepreneurial Ecosystems ◽  
Policy Debates ◽  
Small Business Growth

Entrepreneurial ecosystems are a strategy that is designed to nurture economic development by promoting entrepreneurship, small business growth, and innovation. Ecosystems represent a new direction for entrepreneurship research that simultaneously increases knowledge of the complex contextual environments surrounding the entrepreneurship process, while at the same time providing useful contributions to policy debates around the role of high-growth entrepreneurship as a driver of regional economic development. This article reviews the concept evolution; different definitions and factors of entrepreneurial ecosystems. Additionally, it provides approaches of past contributions about entrepreneurial ecosystem. This article contributes to knowledge generation and provides further research directions. This study is an attempt to cover the different articles that exist on the entrepreneurial ecosystems.

scholarly journals A conceptual approach to the role of universities in the entrepreneurial ecosystem

Economica ◽  
2021 ◽  
pp. 81-90
Author(s):  
Tatiana Bucos ◽  
Keyword(s):  
Economic Development ◽  
Entrepreneurial Ecosystem ◽  
Conceptual Approach ◽  
Entrepreneurial Ecosystems ◽  
Start Ups

The article aims to identify the role that universities have in the entrepreneurial ecosystem, respectively in stimulating the emergence of start-ups. The ways in which start-ups contribute to economic development are presented, as well as the factors that influence the number and viability of start-ups launched in a certain region. As a result of the discussions, the importance of the quality of entrepreneurial ecosystems is emphasized in order to stimulate the emergence of start-ups, but also the place of universities in the ecosystem. The ways in which universities could create viable entrepreneurial ecosystems around it are highlighted.

scholarly journals Entrepreneurial ecosystems: Founding figures and research frontiers in economic geography

2019 ◽  
Vol 63 (2-4) ◽  
pp. 55-63 ◽  
Author(s):  
Susann Schäfer ◽  
Heike Mayer
Keyword(s):  
Economic Geography ◽  
Unique Contribution ◽  
Special Issue ◽  
Entrepreneurial Ecosystem ◽  
Ongoing Debate ◽  
Entrepreneurial Ecosystems ◽  
Published Research ◽  
Research Frontiers

Abstract The editorial for the special issue on entrepreneurial ecosystems summarizes the ongoing debate on the entrepreneurial ecosystem concept and portrays the backgrounds of founding figures of the concept. It traces the unique contribution of this issue with regard to recently published research. The contributions deal with the measurement of and the role of specific actors and institutions in entrepreneurial ecosystems.

scholarly journals Rethinking Strategy for SMEE Support in the Light of the Entrepreneurial Ecosystem

2019 ◽  
Vol 3 (6) ◽  
pp. 389-394 ◽  
Author(s):  
Miroljub Hadzic ◽  
Petar Pavlovic
Keyword(s):  
Inflation Rate ◽  
Local Level ◽  
Point Of View ◽  
Business Climate ◽  
Business Growth ◽  
Entrepreneurial Ecosystem ◽  
Zero Rate ◽  
Small Business Growth ◽  
The Government ◽  
First Time

Serbia has started transition in 2000. Although it experienced fast growth prior to the global economic crisis, critical number of SMEs was not created to achieve a sustainable development of entrepreneurial sector. During the crisis period SMEs faced with development limits, especially shops and micro companies. In the period 2009-2014 Serbian economy had zero rate of growth, the business climate was generally somewhat deteriorated and support to SMEE weakened by Government, local level of governance and financial institutions. There are positive signs of economic recovery of Serbia during 2015 and 2016. The market reforms got momentum in some important areas. The Government successfully put under control huge budget deficit and public debt. The inflation rate became for the first time low, similar to the European level. The Strategy for support SME, entrepreneurship and competitiveness in the period 2015-2020 was enacted at the end of 2014. Its importance became critical considering weaknesses of entrepreneurial sector, bottlenecks and limits of existing governmental measures for SMEE support. The point is to highlight those from the point of view of development the entrepreneurial ecosystem, as a new conceptual framework designed to foster economic development via entrepreneurship, innovation and small business growth.

A relational perspective on entrepreneurial ecosystems

2018 ◽  
Vol 12 (2) ◽  
pp. 220-231 ◽  
Author(s):  
Thomas G. Pittz ◽  
Giles Hertz
Keyword(s):  
Vital Role ◽  
Delphi Panel ◽  
Entrepreneurial Ecosystem ◽  
Research Activity ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Key Skills ◽  
The University ◽  
The Impact

Purpose The purpose of this paper is to explore the role of the entrepreneurship center (EC) in the larger entrepreneurial ecosystem. Entrepreneurial ecosystems thrive because of complex interdependencies and dynamic relationships between and among its participants. While the university has often been highlighted as a key player in the entrepreneurial ecosystem, the role of the EC within the university, despite its strategically influential position in stimulating entrepreneurship, has not received sufficient attention in scholarship. Design/methodology/approach The authors attempt to address this gap in scholarship using an expert Delphi panel approach to explore the vital role that the EC plays in ensuring the vibrancy of the regional entrepreneurial ecosystem. In doing so, the authors tackle the question of sustainability of the EC by outlining a structural framework and key job characteristics of the EC director so that it may thrive beyond the tenure of a transformational leader. Findings In analyzing the responses of Delphi panelists and reviewing the theoretical foundations, the authors have identified three areas for discussion: the question of whether the EC director ought to be an academic job, the key skills of an effective EC director and how to sustain the EC after the departure of a transformative leader. Considering the vital role that the EC plays in the university and regional entrepreneurial ecosystems, these questions have importance for the future of the practice of entrepreneurship. Originality/value The role of the EC in the larger regional entrepreneurial ecosystem and the impact of the EC director are subjects that have been largely unaddressed by current scholarship. This is despite the growing number of ECs, the growth of entrepreneurship as a discipline, the desire to foster entrepreneurial universities and the struggle to find suitable EC leadership talent. The EC is critical for bringing together various actors within the regional entrepreneurship ecosystem, creating and maintaining an entrepreneurial culture and fostering co-curricular learning to develop human capital, key benefits that the university provides on top of its research activity.

The evolution of entrepreneurial ecosystems and the critical role of migrants. A Phase-Model based on a Study of IT startups in the Greater Tel Aviv Area

2018 ◽  
Vol 11 (2) ◽  
pp. 317-333 ◽  
Author(s):  
Susann Schäfer ◽  
Sebastian Henn
Keyword(s):  
Future Development ◽  
Return Migration ◽  
Critical Role ◽  
Phase Model ◽  
Entrepreneurial Ecosystem ◽  
Internal Dynamics ◽  
Tel Aviv ◽  
Entrepreneurial Ecosystems ◽  
Highly Skilled Migrants

AbstractUnlike existing studies on entrepreneurial ecosystems that focus on the internal dynamics of such systems, this article argues that entrepreneurial ecosystems are linked to one another through economically specialised migrants that trigger their emergence and positively affect their future development. To illustrate the relation between migration and the dynamics of entrepreneurial ecosystems, a model is presented that distinguishes three different phases: (i) the remigration of highly skilled migrants, (ii) ‘sunshine return migration’ and (iii) the outmigration of local entrepreneurs to foreign entrepreneurial ecosystems. Even though the model is based on both existing literature and our own empirical findings in the Tel Aviv IT entrepreneurial ecosystem, it is argued that its implications also hold true for other regional contexts.

scholarly journals An assessment of the business impacts of the UK’s Enterprise Capital Funds

2016 ◽  
Vol 34 (8) ◽  
pp. 1556-1581 ◽  
Author(s):  
Robert Baldock
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Early Stage ◽  
Supply And Demand ◽  
High Growth ◽  
Demand Side ◽  
Fund Managers ◽  
The Uk ◽  
Scheme Evaluation

Recent European studies present persistently critical views of the under performance of government-backed venture capital (GVC) schemes when compared to their private sector counterparts. However, they assess the performance of outmoded funding models and fail to contextualise the economic development role of these schemes. This paper provides a contemporary assessment of the business impacts of the UK government’s flagship Enterprise Capital Funds VC scheme in addressing the sub-£2 m equity finance gap facing young potential high-growth businesses requiring investments. Supply and demand-side evidence is presented from interviews with ECF fund managers, alternative private VCs, industry experts and surveys of successful and unsuccessful scheme applicants. We find that, despite the limitations of mid-scheme evaluation, Enterprise Capital Funds are addressing the UK equity gap and delivering business employment, revenue and innovation impacts. However, further progress is required in order to achieve optimal business exits and sustainable early stage private VC system impacts.

scholarly journals Entrepreneurial ecosystems in cities: The role of institutions

PLoS ONE ◽  
2021 ◽  
Vol 16 (3) ◽  
pp. e0247609
Author(s):  
David Bruce Audretsch ◽  
Maksim Belitski ◽  
Nataliia Cherkas
Keyword(s):  
Civil Society ◽  
Transition Economies ◽  
High Growth ◽  
Institutional Arrangement ◽  
Institutional Context ◽  
Institutional Arrangements ◽  
The Novel ◽  
Entrepreneurial Ecosystems ◽  
Practical Implications

Entrepreneurship activity varies significantly across cities. We use the novel data for 1,652 ecosystem actors across sixteen cities in nine developing and transition economies during 2018–2019 to examine the role that institutional context plays in facilitating the productive entrepreneurship and reducing the unproductive entrepreneurship. This study is the first to develop and test a model of multi-dimensional institutional arrangements in cities. It demonstrates that not just that institutions matter in shaping the entrepreneurship ecosystem in cities, but in particular those institutional arrangements enhancing the productive and reducing unproductive entrepreneurship. Our findings suggest that differences between normative, cognitive, and regulatory pillars are associated with variance in both types of entrepreneurship in cities. For the formation of productive and high-growth entrepreneurs, all three pillars of institutional arrangement matter. For unproductive entrepreneurship normative pillar of institutions and the role of civil society matter most. This study has theoretical and practical implications for entrepreneurship ecosystem policy in cities.

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