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3. napier supporting ecosystems for young scalable firms


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  • 1. Supporting ecosystems for young scalable firms Glenda Napier Head of Analysis, REG X OECD Meeting in the Hague, Thursday 7 November 2013
  • 2. Today‟s outline • Background • Entrepreneurship ecosystems • Policy implications
  • 3. Background
  • 4. A bulk of recent ecosystem analysis and publications
  • 5. However, entrepreneurs are MANY but remain SMALL
  • 6. Ecosystems for scalable firms
  • 7. Entrepreneurial Ecosystems (2011) Successful blockbuster reinvesting Established firms Added value Added value Dealmakers Service providers Serial entrepreneurs Knowledge institutions Added value Added value Risk capital $
  • 8. Benchmarking ecosystems
  • 9. 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.
  • 10. Policy implications
  • 11. A new perspective - from ”checking off” framework conditions to creating the glue between them and facilitate collaboration Framework condition 1 Framework condition 2 Framework condition 3 Framework condition 4 Framework condition 5 F C 1 F C FC 3 F C 2 4 F C 5 Ecosystem glue: Serial entrepreneurs dealmakers, experi enced management teams
  • 12. Startup-America Partnership to develop stronger ecosystems America’s Top Entrepreneurs and Business Leaders Form New Alliance Launched 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.
  • 13. Recommendations – KNOWLEDGE • 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 15
  • 14. Recommendations – ACTION • 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 16
  • 15. Thank you! Glenda Napier Head of Analysis