2. AGENDA
• Understanding Key Success Factors of Startup Innovation
Ecosystems
• Understanding Sustainability of Startup Innovation
Ecosystems
This presentation based on the results from: i) ongoing research, ii) technical World Bank activities, and iii) knowledge sharing from practitioners. The ongoing research is
being conducted under the Global Entrepreneurship Research Network (GERN) and led by the World Bank and Endeavor Insights. World Bank activities include technical
assistance programs to support local entrepreneurship in Chile, Colombia, Egypt, Lebanon and other countries. Knowledge sharing has been collected from the World
Bank-led Community of Practice of Open Innovation in Cities, a community of city practitioners from over 20 cities, including Amsterdam, Barcelona, Nairobi, New York,
Mexico City and Seoul.
SOURCES AND ACKNOWLEDGEMENT:
4. WHAT ARE THE KEY ELEMENTS OF THE ECOSYSTEM?
• People: Talent, diversity,
creativity…
• Infrastructure: Transportation,
broadband, city amenities…
• Economic Assets: Industries,
business and financing…
• Enabling Environment: Policies to
promote innovation…
PEOPLE INFRASTRUCTURE
ECONOMIC
ASSETS
ENABLING
ENVIRONMENT
5. HOW INNOVATION HAPPENS?: ADDING THE SOCIAL
DIMENSION
Source: World Bank (2015) Boosting Tech Innovation Ecosystems in Cities, adapted from Roberts, Bryce (2014) Collision
Hours, available at: https://openknowledge.worldbank.org/handle/10986/23029
6. NETWORKING ASSETS AS MULTIPLIERS OF THE SOCIAL
DIMENSION
COMMUNITY
BUILDING EVENTS
SKILLS
TRAINING
COLLABORATION
SPACES
NETWORK OF
MENTORS
• Meetups
• Conferences,
events
• Challenges and
competitions
• Bootcamps
• Entrepreneurial
and technical
Rapid skills
training
• Workshops
• Community
building spaces
(e.g., Co-working
Spaces, Maker
Spaces,
Accelerators,
Incubators, etc.)
• Accelerators,
Incubators
• Angel Investors,
VCs
• Other network
of mentors,
alumni, etc.
Source: World Bank (2015) Boosting Tech Innovation Ecosystems in Cities, available at:
https://openknowledge.worldbank.org/handle/10986/23029
7. ARE NETWORKING ASSETS THE CONNECTORS OF THE
STARTUP ECOSYSTEM?
Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at:
https://openknowledge.worldbank.org/handle/10986/23029
8. PROPOSED FRAMEWORK WITH NETWORKING ASSETS
Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at:
https://openknowledge.worldbank.org/handle/10986/23029
9. HOW DO GEOGRAPHIC AND SOCIAL CONNECTIVITY
IMPACT STARTUP SUCCESS?
Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at:
https://openknowledge.worldbank.org/handle/10986/23029
Impact of Connectivity on Probability of Funding Next Year
10. GOING BEYOND DISTRICTS:
ECOSYSTEM AS POLICY GOAL
No Geography
Limitations
Fluidity
Community
Social Dimension
Source: World Bank (2015) Boosting Tech
Innovation Ecosystems in Cities, available at:
https://openknowledge.worldbank.org/handle/10
986/23029
12. COMPARISON OF ECOSYSTEMS
At Different Levels of Maturity
Note: The findings from this section are based on survey data collected in mapping exercises through GERN consortium in these
locations, which only covers those startups who responded to the surveys. For further details about this surveys conducted by
Endeavor Insights and other partners, see: www.nyctechmap.com; www.medellintechmap.com and www.cairotechmap.com
PRELIMINARY
78
12 11
15
29
0
20
40
60
80
New York Cairo Bogota Medellin Santiago
Average startups created per year*
* Within surveys sample
13. Support programs can can kick-start ecosystem and
balance impact of lower agglomeration effects
PRELIMINARY
1.06x 1.16x
2.14x
1.63x
1.12x
0
1
2
3
New York Bogota Cairo Medellin Santiago
Increase of likelihood for raising capital for
supported/incubated firms
14. Support programs are not enough; Sustainability
requires maturity of support infrastructure
PRELIMINARY
1.9x
1.3x
1.0x 1.1x
1.2x
0
1
2
3
New York Bogota Cairo Medellin Santiago
Increase of volume of funding for
supported/incubated firms
15. 15
PRELIMINARY
Understanding Sustainability of Ecosystems and Support
Infrastructure: A Measure of Ecosystem’s Maturity
1.83
1.1
0.49
0.67
1.11
0
0.5
1
1.5
2
New York Bogota Cairo Medellin Santiago
Quality / Quantity Ratio for Support Programs
16. Importance of Home-Grown Seed Investment
Infrastructure for Sustainability
Cumulative Connections
Cairo New York
Source: Endeavor Insights, 2014-2015
17. 17
Roles of Active NYC Ecosystem People by Year
0
1000
2000
3000
4000
5000
6000
7000
8000
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014
Individual Investors
Founders
Other People
PRELIMINARY
Home-grown angel investors can be developed but
require a level of maturity
Source of base data for analysis: Endeavor Insights, 2014
18. UNDERSTANDING STARTUP INNOVATION ECOSYSTEMS
OTHER AVAILABLE RESOURCES:
BOOSTING TECH INNOVATION ECOSYSTEMS IN CITIES
Report: http://bit.ly/BoostingEcosystemsCities
POLICIES TO SUPPORT TECH INNOVATION ECOSYSTEMS:
Webinar Innovation Within Cities: http://bit.ly/InnovationPolicyCities
MAPPING OF STARTUP ECOSYSTEMS:
Mapping Survey: http://survey.techecosystems.org/#/
EXAMPLE OF ECOSYSTEM DEVELOPMENT PROGRAM:
Lebanon Mobile Internet Ecosystem Program (MIEP): http://www.mie-p.org/
METHODOLOGY FOR MUNICIPAL GOVERNMENTS TO KICK-START TECH STARTUP ECOSYSTEMS:
Introducing Sustainable Open Innovation in Municipal Governments: http://bit.ly/OpenInnovationCities
The World Bank core team leading the research and technical activities used in this
presentations are Victor Mulas, Kathy Qian and Nga Nguyen.
The research is part of the GERN initiative on Innovation Ecosystem Research.
Endeavor Insights has been a critical partner in collecting the data for this findings.