Development Of Entrepreneurial Ecosystems Research Articles

Does institutional void affect the development of entrepreneurial ecosystem in an emerging economy

Does institutional void affect the development of entrepreneurial ecosystem in an emerging economy

An Assessment of Regional Sustainability via the Maturity Level of Entrepreneurial Ecosystems

Despite the prominence of sustainable development approaches in the academic literature, together with the significance attributed to the economy and society, the concept is not sufficiently theorized, especially in terms of methodological issues. The presented study makes a contribution to the academic literature by providing a synthesis on territorial sustainable development research and related concepts of innovation and entrepreneurial ecosystems (EE). We propose a methodological framework for the assessment of regional sustainability, replicating and expanding the approach of D. Isenberg, and draw inference to the impact of institutional environments on the maturity level of EEs. We present our assumptions in the example of two entrepreneurial ecosystems in Russia and Poland (the Penza region and the Małopolska region) with relevant interpretations, which enable us to gain a comprehensive understanding of how to progress in sustainable entrepreneurial ecosystem development. The results of this analysis provides information to help academics, policymakers, government, and business owners with a more in-depth understanding of the practical mechanisms that support absorption of the EE model to achieve Sustainable Development Goals.

The Role of Porto University in the Development of Entrepreneurial Ecosystem

This paper aims to share best practices of the Porto University (U. Porto) entrepreneurial ecosystem. Co-creation demands great dynamics and universities are the favourite partners in new technological grounds where uncertainty is a characteristic and knowledge a differentiation. Entrepreneurial ecosystem refers to the environment that affects the local/regional entrepreneurship and U. Porto, in Portugal, offers an example of excellency in the catalysts for technological innovation and financial attraction resources. As an extensive set of internal and external components, the U. Porto has gathered the potential to function as a sustainable infrastructure to support the creation of competitive technologies and start-ups. The present study shares insights into the types of agents, institutions, cultures and resources that an entrepreneurial ecosystem contains. In addition, it highlights governance, openness and decentralization of activities that has played a role in supporting student’s founders and their high-growth endeavours.

Entrepreneurial ecosystems in smart cities for tourism development: From stakeholder perceptions to regional tourism policy implications

Studies from the field of smart city development show that smart cities attract more people from the nearby countryside along with an increasing number of tourists. While many smart tourism concepts focus solely on the development of technology, people, and institutional logic, the entrepreneurial ecosystem (EES) approach helps to strengthen smart destinations on their way to fostering the development of urban sustainability.As part of an evaluation of the EES, qualitative interviews (n = 14) with key informants demonstrate the importance of entrepreneurship for the development of smart destinations. To identify the relevant factors for this kind of smart city positioning, the following study aims to explore, test, and analyze smart city aspects among experts in terms of EES, residents, and tourists visiting Innsbruck. The present study uses both face-to-face interviews and surveys to explore initiatives and targets within the city's EES development as perceived by core stakeholders. It applies a questionnaire measuring local residents' and tourists' perceptions of important smart city attributes (n = 336). The data shows that residents believe Innsbruck has the potential to become a smart city. Furthermore, the data confirms that the EES approach benefits from the tourism industry in the region, with tourism found to improve the respective EES elements, consequently leading to enhanced entrepreneurial activity.

The role of the entrepreneurial university in building an entrepreneurial ecosystem in a post conflict economy: An exploratory study of Rwanda

AbstractThe purpose of this paper is to examine the role of the entrepreneurial university in supporting the development of the entrepreneurial ecosystem in a post conflict, transitional economy. We developed a cross case analysis to identify common themes and patterns in the data. Our findings demonstrate that in a post conflict, transitional economy entrepreneurial universities entrepreneurial ecosystem development is constrained by a number of institutional factors including, structures, systems, leadership, strategies, and culture. We further identify that, when an entrepreneurial ecosystem system has been destroyed during conflict, these constraints present significant challenges to the evolution of the entrepreneurial ecosystem post conflict. Second, in a departure from other studies, our findings also outline the role of the entrepreneurial university in the unique evolution of the post conflict entrepreneurial ecosystem in Rwanda. We identify that the entrepreneurial ecosystem evolves through a number of stages including, embryonic, destruction, formation, and capacity building stages.

Performance Evaluation of Entrepreneurship Development Schemes of National Handicapped and Finance Development Corporation

The growth and development of all economies greatly depend on entrepreneurial activity. Entrepreneurs are the nerves of economic development as they provide a source of income and employment. They create an atmosphere of employment generation for others and produce new and innovative product and services. Entrepreneurial supportive environments are essential for entrepreneurship development and are evolving all around the developing economies. An idea of entrepreneurial environment has five metrics, such as easy access to funding, entrepreneurial culture, entrepreneurial supportive regulatory measures, entrepreneurial supportive mechanism and entrepreneur friendly policies. The public and private sector have an equal role to play in the development of entrepreneurial eco-system. There are four factors necessary for entrepreneurial opportunities such as factor-driven entrepreneurship, efficiency-driven entrepreneurship, innovation-driven entrepreneurship, and necessity-driven entrepreneurship. Entrepreneurship has been considered as the backbone of economic growth. The level of economic activities of a country largely depends on the level of entrepreneurial activities in that country. Entrepreneurs are not born but can be created and nurtured through appropriate interventions in the form of entrepreneurship development programmes. In the modern competitive world a number of opportunities emerged from the evolving Information Technology Revolution. A large part of the population in India generally the marginalised society of differently abled people lags behind in taking advantage of the emerging world of entrepreneurship development. Therefore, there is a need to provide skill development through entrepreneurship development programmes to such people in order to bring them to the mainstream of economic development.

The role of higher education for the development of entrepreneurial ecosystems

Higher Education institutions (HEIs) and, in particular, universities play a well-established role as key agents in creating and promoting regional economic growth and competitiveness (Audretsch, L...

Predictive modelling of economic safety on the example of ecosystem of small and medium-sized business

The article examines the problems of monitoring the activities of small and medium-sized businesses in the framework of ensuring the economic security of the Russian Federation. The lack of economic information on the activities of small and medium-sized businesses hinders a competent assessment of the effectiveness of state support programs for business and the development of entrepreneurial ecosystems. The authors propose to use methods of predictive modelling to improve the economic security of the state and create effective innovative business ecosystems.

The Strategic Role of Local Community and Significance in Sustainable Entrepreneurial Ecosystem Development

Abstract The stimulation of entrepreneurship development is one of the most effective local community developing strategies, therefore, entrepreneurship is regarded as the key initiator of innovation and technological development within a local community. Local community improvement leads to the improvement of the entire entrepreneurial ecosystem it belongs to. In this paper, the role of local community in entrepreneurial ecosystem is regarded through local community investment, since it’s considered one of the socially responsible investment strategies. The focus of the paper is the case study on the example of Cross Border Development Office between the Municipality of Zitiste in the Republic of Serbia and the Municipality of Sakalaz in Romania. The research focuses on the local community investment and the activities of the Office that have led to the improvement of economic and social indicators in the community as an entrepreneurial ecosystem actor

Development of Entrepreneurial Ecosystem through University’s New Companies

Research Question: This paper explores the potential of new start-ups and spin-offs within the university capacity and their impact on the process of creating an entrepreneurial ecosystem. Motivation: The research presented in this paper is motivated by the desire to analyse the role of university in entrepreneurial ecosystem based on the real case of the University of Novi Sad. An insight into relevant literature sources revealed that there exists a large influence of university’s new companies in developing the entire business environment and business sustainability. This example could be relevant to similar universities in the other developing countries, because current literature covers only examples from developed countries. One of this is a research paper conducted by the Stanford University under the name “An analysis of the entrepreneurial activity of the Stanford community over 50 years”. Idea: The main idea is to present the importance of University’s new companies in creating an entrepreneurial ecosystem, and their impact on the creation of economic activity and sustainable development. Data: This research includes economic activity data of business entities at the University of Novi Sad. This paper presents data on new companies within the University of Novi Sad in the period 1990-2015 which were available, as well as data on companies in the territory of the Republic of Serbia, Vojvodina region and the City of Novi Sad. In this analysis, 123 companies from the University of Novi Sad were included. Tools: In this paper comparative statistics was used based on collected data of the total number of companies and the number of employees according to company’s size and geographical location. For the purpose of this research, we used interactive internet portals Trading Economics and IvanStat. Findings: According to the analysis, the University of Novi Sad is a prominent example of the establishment and operation of new companies founded within it. The percentage of companies that have survived in the observed period is high and it is approximately 63%. Contribution: This paper gives us an overview of newly founded companies (start-ups and spin-offs) within the University of Novi Sad, especially focusing on economic activity and creating conditions for sustainable development.

TECHNOLOGICAL PARKS IN REGIONAL ENTREPRENEURSHIP ECOSYSTEMS

The role of the technology parks for the development of regional entrepreneurial ecosystems is constantly increasing. As centres for updating and technology transfer, these parks directly affect regional systems of business incubators, accelerators, shared jobs, startups and other important elements of entrepreneurial ecosystems. Based on a specific model of a technology park in Plovdiv, the impact and the opportunities for development of the entrepreneurial ecosystem in the South Central Region are explored.

Methodological Tools to Measure the State of Regional Entrepreneurial Ecosystem

At present, the development of entrepreneurship is a priority task of social and economic development of Russia. The observed rates of socio-economic and innovative development of regions indicate that the private business initiative is not sufficiently developed. At the same time, the private business initiative is the leading driver of economic renewal of the territories. As practice shows, current measures, aimed at stimulating entrepreneurship, do not provide the growth of business activity and seem insufficient. These measures do not consider specific spatial context in which the business develops. Therefore, these reasons significantly reduce the effectiveness of these stimulating measures. In this regard, we estimate that the environment in which the elements of the system interact is gaining a great importance in the framework of a system approach to the study of the entrepreneurship development at the regional level. In practice, to manage the development of business structures in a spatial context, the ecosystem approach seems to be very promising. This approach takes into account the nature of the interactions of economic agents and their relationship with the environment. We highlight that the ecosystem approach to entrepreneurship is a transition from a traditional economic view of entrepreneurship, which is market-oriented to a new economic view that emphasizes people, networks and institutions. We substantiate that it is necessary to develop a methodological toolkit for monitoring the attractiveness of a regional entrepreneurial ecosystem for the generation and development of entrepreneurial processes. It is being an important element of the mechanism for designing and managing the development of business ecosystems. To determine the current state of the entrepreneurial ecosystem in a region, we have proposed a methodology for monitoring the state of the regional entrepreneurial ecosystem. This method is based on a statistical analysis of the demographic quantitative and qualitative indicators characterizing the intensity of the development and extinction of entrepreneurial processes. As a result, we have expanded the concept of the ecosystem approach. Furthermore, we have justified its application for the investigation of entrepreneurial processes at the regional level. To study the current state of regional entrepreneurial ecosystems, we suggest to use a special statistical apparatus. This apparatus is based on demographic indicators characterizing the viability and growth potential of entrepreneurial structures in a specific spatial context. To further develop the ecosystem approach for the study of entrepreneurship at the regional level, there is an urgent need for further research that will allow to identify and understand the patterns of the development of entrepreneurial ecosystems. It will increase the effectiveness of practical measures for designing a mechanism for managing the development of regional entrepreneurship.

Business Capital Contribution by Value of Industrial Property Rights to Innovation in Start-Ups Created in Vietnam

Contributing business capital by the value of industrial property rights to inventions in creative start-ups in Vietnam is a controversial issue. Vietnamese laws do not have detailed regulations on this issue, which made a huge barrier in seeking a common voice between the investor and the patent owner. There has been required a specific legal corridor in order to promote the development of entrepreneurial ecosystems. Furthurmore, it helps ensure the legitimate rights and interests of stakeholders contributing to start-ups. This essay focuses on analyzing and clarifying bottlenecks on bussiness capital contribution in start-ups, then it recommends a number of solutions to mitigate risk for stakeholders, and develops the Vietnamese economy

Conceptual Critic of Entrepreneurial Triadic Approach

There is a general consensus among researchers that entrepreneurship has transmuted into a global phenomenon, thus demanding a global comprehensive understanding. Entrepreneurial concepts have metamorphosed over time and are inextricably connected with contemporary socio-economic development. The theoretical journey of entrepreneurship in relation to university-based entrepreneurial ecosystem development was traced and examined in this study using a sympathetic critical approach and the author plied a unique conceptual road map: Firstly, a broad spectrum approach was used to examine the conceptualization of the broad field of entrepreneurship as it evolves into entrepreneurial ecosystem. Secondly, criticism of entrepreneurship approach which aids in focusing and fine-tuning the substantive development of entrepreneurship is constructively significant for the development of ‘smart’ entrepreneurship. This study opens with the consideration and logical contemplation of the general entrepreneurship field, cardinal theories and current debates tailored to spur innovative entrepreneurial thought were dutifully delineated.

Towards a contextualized view of Entrepreneurial Ecosystems: A systematic review

This paper explores the role that specific contexts play in the development of entrepreneurial ecosystems. It examines how a contextualized view of entrepreneurial activities may inform entrepreneu...

Higher Education: Catalysts for the Development of an Entrepreneurial Ecosystem, or … Are We the Weakest Link?

The promotion of entrepreneurship requires an ecosystem where Higher Education Institutions (HEI) hold a crucial position in collaboration with all stakeholders. Such systems require a high degree of interaction, involving institutions, people and processes that work together with the goal of creating entrepreneurial ventures that are mutually beneficial and self-sustaining. The university setting may be an ideal starting point such that it would serve to recognise potential entre-preneurs within communities and play critical roles in developing and supporting thriving entrepreneurial ecosystems. They may serve as conveners and collaborators for entrepreneurs and support communities to promote the economic development of the region. Such energy derived from university promoted environments in which learning is encouraged and discoveries are made reflects on Higher Educational aims. Obstacles in this role of universities include a lack of provision of the best instructional methods and venues by universities, programmes and curricula that are not conducive to promoting entrepreneurship, a lack of information on entrepreneurial activities in the informal sector and a dearth of appropriate role models within both universities and the business environment. It is therefore apparent that universities are the missing link for the development of a vibrant entrepreneurial ecosystem in South Africa.

Hidden Entrepreneurs: Informal Practices within the Formal Economy

The focus of this study is ‘hidden entrepreneurs’ who bridge formal and informal economies. While their business activities are legal, the governance and ownership structures of their organizations are illegal. This qualitative study draws upon institutional theory to illuminate the emergence of international hidden entrepreneurs in Oman as an unintended response to institutional configurations, and to examine its perceived effects on the domestic entrepreneurial ecosystem. Hidden practices, shaped by the dynamics of institutional environments, are perceived negatively by policy makers and domestic entrepreneurs, but offer potential contributions for entrepreneurial development. In‐depth interviews with entrepreneurs and stakeholders reveal how hidden practices are shaped by the dynamics of regulatory and social institutions. Loopholes, or flawed institutional configurations, and prevailing sociocultural factors drive the emergence of hidden practices. The study contributes to informal entrepreneurship literature and policy making through highlighting the relevance of international entrepreneurs in enabling entrepreneurial ecosystem development.

Social franchising as rural entrepreneurial ecosystem development

This study explores the potential of social franchising to contribute to the development of the rural entrepreneurial ecosystem in contexts of market and governance failure in least developed countries. Social franchising is a social enterprise business model that provides market coordination and support systems to rural enterprises so they can achieve social objectives in a financially sustainable way. The case of Krishi Utsho—a network of 112 agricultural input shops in Bangladesh—illustrates how social franchising can address market and government coordination failures in the entrepreneurial ecosystem to benefit both rural entrepreneurs and their client smallholder farming families who earn under US$1 per day.

Regenerative Medicine Translation:Cross-national analysis of entrepreneurial ecosystem development

In the field of regenerative medicine, new ventures face unformed markets and inconsistent industry practices. We study two university- centric regenerative medicine ecosystems to explore the characteristics of venturing activity and ecosystem development under irreducible uncertainty. The situational analysis reveals multi- level effects. At the micro-level, entrepreneurial coping strategies are significantly affected by cultural artifacts generated by the ecosystem university. At the macro-level, entrepreneurial ecosystems may develop along different paths, generating idiosyncratic contexts for venturing activity. A model of entrepreneurial ecosystem development is presented, with implications for theories of entrepreneurial behavior as well as policy practice in developing technology sectors.

Understanding Relationships between Universities and SMEs in Emerging High Technology Industries The Case of Opto-Electronics

International Journal of Innovation ManagementVol. 04, No. 01, pp. 51-75 (2000) No AccessUNDERSTANDING RELATIONSHIPS BETWEEN UNIVERSITIES AND SMEs IN EMERGING HIGH TECHNOLOGY INDUSTRIES: THE CASE OF OPTO-ELECTRONICSCHRIS HENDRY, JAMES BROWN and ROBERT DEFILLIPPICHRIS HENDRYCity University Business School, Barbican Centre, London EC2Y 8HB, UK Search for more papers by this author , JAMES BROWNCity University Business School, Barbican Centre, London EC2Y 8HB, UK Search for more papers by this author and ROBERT DEFILLIPPISuffolk University, Beacon Hill, Boston MA 02108-2770, USA Search for more papers by this author https://doi.org/10.1142/S1363919600000044Cited by:16 PreviousNext AboutSectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack CitationsRecommend to Library ShareShare onFacebookTwitterLinked InRedditEmail AbstractIt has long been recognised that the innovative and entrepreneurial capabilities of the small medium-sized enterprise (SME) sector can make an important contribution to the commercialisation of emerging technologies. In their role as centres of expertise and originators of new technical knowledge, universities are vital contributors to this process. Understanding the nature of relationships between universities and SMEs is therefore important, particularly in view of the fact that current theories on regional development suggest that concentrations of SMEs in certain regions, clustered around one or more university centres, can be effective locations for accelerating this process. As a counter to regional development theory, an alternative viewpoint is that the way emerging industries develop is affected more by the dynamics of industry life-cycles. The opto-electronics sector, which is characterised by regional clusters in the UK and USA, offers lessons for how SMEs and universities interact against a backdrop of these theories.Keywords:opto-electronicstechnology transferuniversitiesSMEs Remember to check out the Most Cited Articles! 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Hendry, J. Brown, H-D. Ganter and S. Hilland4 November 2016 | Industry and Higher Education, Vol. 15, No. 1PUBLIC-PRIVATE COLLABORATION ON KNOWLEDGE GENERATION AND APPLICATION IN NEW PRODUCT DEVELOPMENT PROJECTSIna Drejer and Birte Holst Jørgensen Recommended Vol. 04, No. 01 Metrics History Received 3 June 1999 Revised 29 February 2000 Accepted 1 March 2000 Keywordsopto-electronicstechnology transferuniversitiesSMEsPDF download