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GEC+ 2016: Victor Mulas
The document discusses the key success factors and sustainability of startup innovation ecosystems, based on research and data collected from various global cities. It highlights important elements such as talent, infrastructure, economic assets, and enabling environments, while emphasizing the role of networking and community-building activities as crucial connectors for startup success. Findings indicate that while support programs are beneficial, long-term sustainability depends on the maturity of the support infrastructure and local ecosystem dynamics.
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GEC+ 2016: Victor Mulas
- 1. UNDERSTANDING STARTUP INNOVATION ECOSYSTEMS GEC+Daegu, Republic of Korea August 25-26, 2016 VICTOR MULAS VMULAS@WORLDBANK.ORG SENIOR INNOVATION OFFICER INNOVATION & ENTREPRENEURSHIP
- 2. AGENDA • Understanding KeySuccess 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:
- 3. UNDERSTANDING KEY SUCCESSFACTORS OF STARTUP INNOVATION ECOSYSTEMS
- 4. WHAT ARE THEKEY 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 ASMULTIPLIERS 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 ASSETSTHE 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 WITHNETWORKING ASSETS Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at: https://openknowledge.worldbank.org/handle/10986/23029
- 9. HOW DO GEOGRAPHICAND 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: ECOSYSTEMAS 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
- 11. UNDERSTANDING SUSTAINABILITY OF STARTUPINNOVATION ECOSYSTEMS
- 12. COMPARISON OF ECOSYSTEMS AtDifferent 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 cancan 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 arenot 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 ofEcosystems 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-GrownSeed Investment Infrastructure for Sustainability Cumulative Connections Cairo New York Source: Endeavor Insights, 2014-2015
- 17. 17 Roles of ActiveNYC 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 INNOVATIONECOSYSTEMS 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.