ENTREPRENEURIAL ECOSYSTEM DEVELOPMENT : LEARNING FROM SUCCESSES

• Main Author: Owoade, Abbas
• Format: Others
• Language: English
• Published: KTH, Entreprenörskap och Innovation 2016
• Subjects: Entrepreneurship Ecosystem; Ecosystem; Regulatory capture; Information asymmetry; Domains of growth
• Online Access: http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-190619

The strengthening of the entrepreneurial landscape has been viewed as a means to national economic growth, wealth creation as well as job creation. Good examples exists where government deliberate actions have contributed to these kind of positive growth, yet this research exposes the rigour and hard work needed to bring about this success. The rigour stems from the pursuit of a holistic approach which involves the strengthening of the six domains of entrepreneurship ecosystem growth as posited in literature, while the hard work is related to the discipline and expertise required to pilot such initiative. Research has shown that many countries may be looking for entrepreneurship in the wrong places. Funding availability is only a part of a thriving entrepreneurship ecosystem, the strengthening of other domains can help an ecosystem grow more sustainably. The role of government in driving the entrepreneurship ecosystem can be restricted and channeled towards government performing it traditional role of providing the enabling environment and allowing the private sector drive the ecosystem. Where the growth of the entrepreneurship ecosystem is led by public initiative, it may be better to jettison the idea of the individual firm’s development and pursue the strengthening of the ecosystem in all it domains.