Analysis of Start-Up Ecosystems in Germany and in the USA
Richard C. Geibel () and
Meghana Manickam ()
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Richard C. Geibel: Fresenius University of Applied Sciences
Meghana Manickam: Stanford University
Chapter Chapter 55 in Leadership, Innovation and Entrepreneurship as Driving Forces of the Global Economy, 2017, pp 639-649 from Springer
Abstract:
Abstract The start-up ecosystems in Germany and in the USA are different in several dimensions and they have a huge impact on the success of start-ups. In this study the factors that affect the start-up ecosystems are compared. What start-ups consider as critical to their success and how this varies based on the location of the start-ups are analyzed. Using the developed scoring mechanism, the study compares the relative scores of various success factors between the German and American start-ups to identify areas for improvement. The findings suggest that Germany is successful in implementing co-working spaces and incubators but it lacks on accelerator programs. Further, it needs to develop a better support system for their start-ups while the German start-ups themselves need to focus on building a stronger internal team in order to boost the start-up ecosystem.
Keywords: Success factors; Internal factors; External factors; Support from incubator/accelerator; American start-ups; German start-ups; Scoring mechanism; Start-up ecosystem; Areas for improvement; Start-up environment (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-43434-6_55
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DOI: 10.1007/978-3-319-43434-6_55
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