Entrepreneurship ecosystem

The predominant metaphor for fostering entrepreneurship as an economic development strategy is the "entrepreneurship ecosystem." You can download this file for better resolution.

1. Entrepreneurship
Human Capital
Supports
Markets
Policy
Finance
Culture
Leadership Government
Finance Capital
Success stories
Societal norms
Non-Governmental Institutions
Support professions
Infrastructure
Educational Institutions
Labor
Networks
Early Customers
Micro-loans
Angel investors,
friends and family
Zero-stage
venture capital
VC funds
Private Equity
Public Capital Markets
Debt
Visible successes
Wealth generation of founders
International reputation
Tolerance of risk, mistakes, failure
Innovation, creativity, experimentation
Social status of entrepreneur
Wealth creation
Ambition, drive, hunger
Entrepreneurship
promotion in non-profits
Business plan contests
venture capital
Conferences
Entrepreneur-friendly
associations
Legal
Accounting
Investment bankers
Technical experts, advisors
Telecommunications
Transportation & logistics
Energy
Zones, incubation centers, clusters
General degrees (professional and academic)
Specific entrepreneurship training
Skilled and unskilled
Serial entrepreneurs
Later generation family
Entrepreneur’s networks
Diaspora networks
Multinational corporations
Early adopters
Expertise in productizing
Reference customer
First reviews
Distribution channels
Unequivocal support
Social legitimacy
Open door for advocate
Entrepreneurship strategy
Urgency, crisis and challenge
Institutions
e.g. Investment, support
Financial support
e.g. for R&D, jump start funds
Regulatory framework Incentives
e.g. Tax benefits
Research institutes
Venture-friendly legislation
e.g. bankruptcy, contract
enforcement, property rights,
and labor
Ilia Kenigshtein, 2014