Building a Successful Startup Ecosystem
This research aims to draw attention to the importance of healthy startup ecosystems in the age of knowledge economies. The composition of the top five public companies by market capitalization changed dramatically in the last thirty years; big energy corporations, manufacturers, and conglomerates are being replaced by information technology companies. The only way to catch up in this age is to expand our understanding of ecosystems and take actions to foster them.
To summarize our key findings, we recommend the following:
Create awareness around the ecosystem
Collect data and conduct research
Strengthen global reach
Improve VC funding
Create ‘smart’ policies