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TRANSCRIPT
UNDERSTANDING
STARTUP INNOVATION ECOSYSTEMS
June 14, 2016
VICTOR MULAS
PROGRAM LEAD
INNOVATION ACCELERATION PROGRAM
WHAT ARE THE KEY ELEMENTS OF THE ECOSYSTEM?
• People: Talent, diversity, creativity…
• Infrastructure: Transportation, broadband, city amenities…
• Economic Assets: Industries, business and financing…
• Enabling Environment: Policies to promote innovation…
PEOPLE INFRASTRUCTURE
ECONOMIC ASSETS
ENABLING ENVIRONMENT
WHO ARE THE CONNECTORS OF THE STARTUP
ECOSYSTEM?
Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at: https://openknowledge.worldbank.org/handle/10986/23029
PROPOSED FRAMEWORK WITH NETWORKING ASSETS
Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at: https://openknowledge.worldbank.org/handle/10986/23029
HOW DO GEOGRAPHIC AND SOCIAL CONNECTIVITY
IMPACT STARTUP SUCCESS?
Source: World Bank (2015) Boosting Tech Innovation Ecosystems, available at: https://openknowledge.worldbank.org/handle/10986/23029
Impact of Connectivity on Probability of Funding Next Year
COMPARISON OF ECOSYSTEMSAt Different Levels of Maturity
Note: The findings from this section are based on survey data collected in mapping exercises through GERN consortium in theselocations, which only covers those startups who responded to the surveys. For further details about this surveys conducted byEndeavor Insights and other partners, see: www.nyctechmap.com; www.medellintechmap.com and www.cairotechmap.com
PRELIMINARY
78
12 1115
29
0
20
40
60
80
New York Cairo Bogota Medellin Santiago
Average startups created per year*
* Within surveys sample
Support programs can can kick-start ecosystem and balance impact of lower agglomeration effects
PRELIMINARY
1.06x 1.16x
2.14x
1.63x
1.12x
0
1
2
3
New York Bogota Cairo Medellin Santiago
Increase of likelihood for raising capital for supported/incubated firms
Support programs are not enough; Sustainability requires maturity of support infrastructure
PRELIMINARY
1.9x
1.3x
1.0x 1.1x1.2x
0
1
2
3
New York Bogota Cairo Medellin Santiago
Increase of volume of funding for supported/incubated firms
9
PRELIMINARY
Understanding Maturity of Ecosystems and Support Infrastructure
1.83
1.1
0.49
0.67
1.11
0
0.5
1
1.5
2
New York Bogota Cairo Medellin Santiago
Quality / Quantity Ratio for Support Programs
Home-Grown Seed Investment InfrastructureCumulative Connections
Cairo New York
Source: Endeavor Insights, 2014-2015
11
Roles of Active NYC Ecosystem People by Year
0
1000
2000
3000
4000
5000
6000
7000
8000
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014
Individual Investors
Founders
Other People
PRELIMINARY
Home-grown angel investors can be developed but require a level of maturity
Source of base data for analysis: Endeavor Insights, 2014
UNDERSTANDING STARTUP INNOVATION ECOSYSTEMS
OTHER AVAILABLE RESOURCES:
BOOSTING TECH INNOVATION ECOSYSTEMS IN CITIES
Report: http://bit.ly/BoostingEcosystemsCities
POLICIES TO SUPPORT TECH INNOVATION ECOSYSTEMS: Webinar Innovation Within Cities: http://bit.ly/InnovationPolicyCities
MAPPING OF STARTUP ECOSYSTEMS: Mapping Survey: http://survey.techecosystems.org/#/
EXAMPLE OF ECOSYSTEM DEVELOPMENT PROGRAM:Lebanon Mobile Internet Ecosystem Program (MIEP): http://www.mie-p.org/
METHODOLOGY FOR MUNICIPAL GOVERNMENTS TO KICK-START TECH STARTUP ECOSYSTEMS:Introducing Sustainable Open Innovation in Municipal Governments: http://bit.ly/OpenInnovationCities
The World Bank core team working on the research and technical activities used in this presentations are Victor Mulas, Kathy Qian and Nga Nguyen.
This research is part of the GERN initiative on Innovation Ecosystem Research. Endeavor Insights has been a critical partner in collecting the data for this findings.