What Can We Do to Improve the Entrepreneurial Ecosystem?

Zoltan Acs, László Szerb, Esteban Lafuente and Ainsley Lloyd
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Ainsley Lloyd: The Global Entrepreneurship and Development Institute

Chapter Chapter 5 in Global Entrepreneurship and Development Index 2018, 2018, pp 55-63 from Springer

Abstract: Abstract A data-driven approach to improving entrepreneurial ecosystems begins with taking stock of the current state of the ecosystem through the lens of cross-country comparable data. However, the job does not end there. Once the strengths and weaknesses of an ecosystem have been identified, it is helpful to examine their underlying causes (see our original research on the South African entrepreneurial ecosystem). When these causes are understood, potential actions to improve the weakest pillars of a country’s performance can be surfaced and evaluated. The selected actions depend not just on the characteristics of the ecosystem itself but also on the leverage points of the actor within the ecosystem. For example, it would not make sense for an incubator to solve a weakness in technology transfer by enacting national policy on STEM education—incubators don’t have these levers available to them. Rather, each actor has a set of possible actions determined by their relationships to other components of the ecosystem: who they can influence and with what tools. By determining weaknesses, understanding the root causes of those weaknesses, and selecting actions appropriate to both the ecosystem and the actor, the odds of producing real change in an entrepreneurial ecosystem increase.

Date: 2018
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DOI: 10.1007/978-3-030-03279-1_5

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