Case Study: How Medellin Is Creating a Hub for Impact Start-ups

Clement Lamy (), Mónica Eliana Aristizábal-Velásquez (), Elisa Cristina Obregón-Gómez () and Ubeimar Aurelio Osorio-Atehortua ()
Additional contact information
Clement Lamy: Etipyme Colombia SAS
Mónica Eliana Aristizábal-Velásquez: Universidad Católica Luis Amigó
Elisa Cristina Obregón-Gómez: Etipyme Colombia SAS
Ubeimar Aurelio Osorio-Atehortua: Universidad Católica Luis Amigó

A chapter in Social Innovation and Entrepreneurship in the Fourth Sector, 2021, pp 103-122 from Springer

Abstract: Abstract Medellin City, in Colombia, is seeking to create an innovative and more inclusive future, since the end of the violent era of the 1980–1990s. A combination of public, private, and community resources seems to make it possible, through entrepreneurship with positive impacts. The forced renovation of the city was done through a clear intent of complete social integration, despite the large inequalities and a culture of violence and illegality. The public sector allowed resources to large infrastructure, thanks to decentralization politics. This benefited the private sector, first the large companies as main suppliers and then the small organizations, integrated in the supply chain or by entrepreneurial programs. On the other hand, the higher education sector and the nonprofits were fundamental to form the new generations, increase relationships between actors, and push for real inclusion of all the Medellin sectors. This mainly resulted in an extremely dynamic creative sector and a real preoccupation of all citizens for improving poor-neighborhoods welfare, materialized in local non-for-profit organizations with positive social impact. As a result, Medellin also showed effective communication toward foreigners, which established nonprofit or business activities within the city. Collected data and interviews from relevant actors of the Medellin ecosystem showed the more relevant connections between stakeholders, which are making possible the raise of a regional hub for the fourth sector. This hub has Latin American classical biases, which make it relevant to be replicable inside the region, but also could be inspiration for other developing parts of the planet.

Keywords: Fourth sector; Medellín; Colombia; City transformation; Local ecosystem; Public intervention; Triple helix (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:seschp:978-3-030-75714-4_6

Ordering information: This item can be ordered from
http://www.springer.com/9783030757144

DOI: 10.1007/978-3-030-75714-4_6

Access Statistics for this chapter

More chapters in Studies on Entrepreneurship, Structural Change and Industrial Dynamics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().