Thursday, January 20, 2011

From Entrepreneurial Ego-Systems to Eco-Systems

VivekWadhwa, a tech-entrepreneur, academic, researcher, and writer, on why and how the economy can be re-boosted (not just in the US (!)) through accelerating the startup process. Like in any eco-system the entrepreneurial eco-system needs certain ingredients, without which fresh startups (either in the tech, computer science, design, production, and service field) can't really emerge.

It needs some kind of constraint to build up the ability to grow steadily (and not dying in the first down turn of the economy). Especially where subsidies are paid out the constraints are hidden by this money, only leading to future difficulties when the subsidies are not any longer in practice. In about two years time the subsidies in area of the former GDR will run out (the track will move further East to the new economies, where subsidies are paid for development).

Then the same will happen as was seen in Finland in the beginning of the 90s, where in the area of Jyväskylä, a new form of entrepreneur education popped up in form of TeamAcademy. Combining this model with other initiatives such as High Tech U (HTU) and the library and institution of Staatliche Kunstsammlungen Dresden could also a very special blend of eco-system.

What new models for generating economic growth with what is at hand already?

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