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Building an Entrepreneurial Ecosystem: Global Proliferation of Entrepreneurship

Explore the indicators of global entrepreneurship, the elements of a thriving entrepreneurial ecosystem, the role of accelerators and incubators, and the challenges ahead. Discover how policymakers can support the growth of startups through funding, incentives, streamlined bureaucracy, and legal protections.

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Building an Entrepreneurial Ecosystem: Global Proliferation of Entrepreneurship

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  1. 10th Annual George Washington University Global Entrepreneurship Policy & Research Conference U.S. Capitol Building, Washington D.C. / October 3, 2019 BUILDING AN ENTREPRENEURIAL ECOSYSTEM Presented by: DR. ALEX F. DENOBLE Executive Director and Professor of Entrepreneurship Lavin Entrepreneurship Center, San Diego State University

  2. THE GLOBAL PROLIFERATION OF ENTREPRENEURSHIP Indicators of Global Entrepreneurship Activity • Startup economy generated > $2.8 trillion in economic value (Source: 2019 Global Startup Ecosystem report). • Growth in on-campus ENT programs: More than 2000 in the U.S. alone in 2014 (Source: Kauffman Foundation) • More than 50 worldwide regions generating > $4 billion in ecosystem value (Source: 2019 Global Entrepreneurship Network report) • Formation of 1000’s of accelerators around the world in past decade (Source: 2019 Global Entrepreneurship Network report)

  3. THE ALCHEMY OF AN ENTREPRENEURSHIP ECOSYSTEM • Individuals with big ideas and belief in their abilities • An abundance of talent • A curious and supportive investment and finance community • A startup friendly legal environment • Knowledgeable professional service providers • Connectors and mentors

  4. The Heart of an Entrepreneurship Ecosystem: ACCELERATORS / INCUBATORS • Intensive 3-month limited duration programs • Cohorts of startups • Availability of working spaces • Facilitating access to capital • Impactful mentoring • Demo Days Supporting the Growth of Startup Ventures:

  5. REGIONAL THEME-BASED ENTREPRENEURIAL ECOSYSTEMS Future ecosystem develop will rely on regional resources and competencies. Examples include: • Agribusiness • Fintech • Biotech • Sports • Food • Artificial Intelligence • Blockchain • Robotics • Smart City • Solar Energy Specialized Tech Specialized Industry And so much more!

  6. THE TOP 10 CHALLENGES AHEAD • No one recipe fits all environments • The availability of talent – What attracts talent to a region? • An “arm’s length” investor community • Reliable business institutions • Effective mentoring • Willing and effective connectors • The need for diversity • Understanding the effects of accelerators on venture emergence • The need to scale • Access to markets and infrastructure

  7. HOW CAN LOCAL, REGIONAL AND NATIONAL POLICY MAKERS HELP? • Creative forms of funding support through public / private partnerships • Tax incentives to encourage research on and investment in startups • Streamlined bureaucracy for business licensing • Legal protections to encourage fairness and protection of IP • Free or low cost access to facilities for startups to congregate The Usual Suspects

  8. THANK YOU!

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