A dynamic analysis of the role of entrepreneurial ecosystems in reducing innovation obstacles for startups

Franco-Leal Noelia and Diaz-Carrion Rosalia

Journal of Business Venturing Insights, 2020, vol. 14, issue C

Abstract: Innovative startups face serious obstacles in their innovation processes because of the high costs of innovations, lack of commercial and managerial competencies, and difficulties in cooperating with industrial agents. Understanding the evolution of these obstacles, the dynamic nature of entrepreneurial ecosystems, and how such ecosystems can reduce obstacles to innovation becomes crucial for managers and policymakers. This research examines the evolution of different types of obstacles innovative startups face and analyzes the effects market and research resources have on the entrepreneurial ecosystem in reducing these obstacles over time. Linear mixed models are used to analyze the evolution of the influence of the entrepreneurial ecosystem on the innovation obstacles of 911 Spanish innovative startups. The results indicate that different obstacles display different patterns over time. We found that the role played by market and/or research sources on the entrepreneurial ecosystem in reducing different obstacles to innovation could be linked to the tendency of these obstacles to diminish over time. The results point to the need for a set of agents to reinforce each other by creating an ecosystem in which innovation obstacles faced by startups are reduced over time.

Keywords: Innovation; Startups; Entrepreneurial ecosystem; Longitudinal analysis; Obstacles to innovation (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2352673420300482
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:14:y:2020:i:c:s2352673420300482

DOI: 10.1016/j.jbvi.2020.e00192

Access Statistics for this article

Journal of Business Venturing Insights is currently edited by Dimo Dimov

More articles in Journal of Business Venturing Insights from Elsevier
Bibliographic data for series maintained by Catherine Liu ().