Dr. Peter Vogel gave a presentation on entrepreneurship ecosystems. He began with defining entrepreneurship ecosystems as dynamic communities composed of interdependent actors and factors that promote new venture creation. He then discussed assessing ecosystems by analyzing supporting factors and actors, and outlined approaches for starting an ecosystem including leveraging local strengths, taking a holistic and multi-stakeholder approach, and facilitating rather than over-regulating entrepreneurship. He closed with a call for governments, entrepreneurs, and firms to promote and support entrepreneurial ecosystems.

1. Building and Assessing Entrepreneurship
Ecosystems
Presentation at the G20 YEA Summit 2014 - Sydney
Dr. Peter Vogel
www.petervogel.org
@pevogel
© Dr. Peter Vogel (www.petervogel.org)

2. 2
Entrepreneurship Ecosystems
Source: Vogel, 2013
© Dr. Peter Vogel (www.petervogel.org)
It all started at the World Entrepreneurship Forum…

3. 3
Outline
 Introduction to Entrepreneurship Ecosystems
 Global Entrepreneurship Ecosystem Project
 Assessing Entrepreneurship Ecosystems
 Starting an Entrepreneurship Ecosystem
© Dr. Peter Vogel (www.petervogel.org)

4. 4
Ecosystems
© Dr. Peter Vogel (www.petervogel.org)

5. 5
Entrepreneurship Ecosystems we know…
Campus
Regional
National
© Dr. Peter Vogel (www.petervogel.org)

6. 6
A dynamic, interactive community within a geographic region, composed of
varied and inter-dependent actors (e.g. entrepreneurs, institutions and
organizations) and factors (e.g. markets, regulatory framework, support setting,
entrepreneurial culture), which evolves over time and whose actors and factors
coexist and interact to promote new venture creation.
Everything starts with a definition...
Entrepreneurship Ecosystems
© Dr. Peter Vogel (www.petervogel.org)

7. 7
 Introduction to Entrepreneurship Ecosystems
 Global Entrepreneurship Ecosystem Project
 Assessing Entrepreneurship Ecosystems
 Starting an Entrepreneurship Ecosystem
Outline

8. 8
Categorize 200k-300k
organizations
evaluate & map
ecosystems
Global Entrepreneurship Ecosystem Project (2010)
© Dr. Peter Vogel (www.petervogel.org)
www.EntrepreneurShipEcosystems.org

9. 9
 Introduction to Entrepreneurship Ecosystems
 Global Entrepreneurship Ecosystem Project
 Assessing Entrepreneurship Ecosystems
 Starting an Entrepreneurship Ecosystem
Outline

10. 10
Factors and Actors
© Dr. Peter Vogel (www.petervogel.org)

11. 11
Factors and Actors
© Dr. Peter Vogel (www.petervogel.org)

12. 12
Ecosystem Index
Sources: Vogel, 2013
© Dr. Peter Vogel (www.petervogel.org)

13. 13
Scientific Approaches for Assessment
 Primary Data
 Historical data (archival) of cities and regions
 Understand key competencies of region (manufacturing, education, healthcare,..)
 Assess strategy of region (high-tech, tourism, manufacturing, …)
 Map, classify and analyze supporting organizations
 Performance Measures
 Quantity of support for each of the identified pillars
 Quality of the support (e.g., via external raters and 1:1 interviews)
 Hard-facts (e.g., # participants, # projects funded, survival rates, jobs created, etc)
 Match between the regional USP and the pattern of ecosystem dimensions
© Dr. Peter Vogel (www.petervogel.org)

14. 14
Scientific Approaches for Assessment
 Secondary Data (some examples…)
 National statistics offices
 GEM
 GEDI
 Chambers of commerce
 Companies Registrars
 World Bank Doing Business Report
 Heritage Freedom Index
 Methodological Approaches
 Spiderweb charts (cf Startup Genome Project)
 Benchmarking / ranking based on overall indices
 Qualitative Comparative Analysis (QCA) for equifinality comparison
© Dr. Peter Vogel (www.petervogel.org)

15. 15
 Introduction to Entrepreneurship Ecosystems
 Global Entrepreneurship Ecosystem Project
 Assessing Entrepreneurship Ecosystems
 Starting an Entrepreneurship Ecosystem
© Dr. Peter Vogel (www.petervogel.org)
Outline

16. 16
How to Start an Ecosystem?
The formation of an ecosystem is a positive, reinforcing loop:
Success Stories
Importance of the
location
Area attractive to
talents
Innovation
© Dr. Peter Vogel (www.petervogel.org)

17. 17
How to Start an Ecosystem? Swiss MedTech
 Long tradition of watchmaking, machine industry and pharma
 Expert knowledge in:
 Micro- and nanotechnology
 Precision mechanics and electro-mechanics
 Material sciences and surface treatment
 Unique combination of biotechnology and medical engineering
© Dr. Peter Vogel (www.petervogel.org)

18. 18
How to Start an Ecosystem? MedTech Ecosystem Mexico
© Dr. Peter Vogel (www.petervogel.org)
I worked with the government of Nuevo Leon on:
(1) Assessing the local USPs
(2) Benchmarking the region with other MedTech regions
(3) Derive strategic directions for a MedTech ecosystem

19. 19
How to Start an Ecosystem? KAUST
King Abdullah Bin Abdulaziz Al Saud: “It is my desire that this new University becomes
one of the world's great institutions of research... The University shall have all the
resources that it needs to pursue these goals…” - 2009
10 bn USD initial endowment
© Dr. Peter Vogel (www.petervogel.org)

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When Building an Entrepreneurial Ecosystem, consider…
 Each ecosystem is unique
 USP first! What are core competencies & goal?
 Holistic implementation
 Multi-stakeholder approach
 Self-employment ≠ Entrepreneurship
 Coordination and supervision
 Bureaucracy blocks innovation  facilitate, don’t regulate!
© Dr. Peter Vogel (www.petervogel.org)

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A Call to Action…
 Governments
 Promote the power of entrepreneurship as engine of economic growth
 Remove the stigma of failure
 Create networking opportunities
 Create alternative funding opportunities and startup-friendly (1) taxation & (2)
labor laws
 Entrepreneurs
 Share stories (both success and failure)
 Help the next generation of entrepreneurs
 Incumbent Firms
 Sponsor incubators and accelerators, build corporate VC practices
 Collaborate with universities for long-term strategic M&A goals
 Recognize the contributions and success of entrepreneurs
© Dr. Peter Vogel (www.petervogel.org)

22. Dr. Peter Vogel
University of St. Gallen
Switzerland
Mail info@petervogel.org
Twitter: @pevogel
Web http://www.petervogel.org
Thank you for your attention.
“The reasonable man adapts himself to the world; the unreasonable one
persists in trying to adapt the world to himself. Therefore all progress
depends on the unreasonable man.” (George B. Shaw, 1856-1950)
© Dr. Peter Vogel (www.petervogel.org)