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This four-part series addresses why tracking and measuring the activity of your entrepreneurialecosystem is crucial to its long-term sustainability and the economic success of your community. Part 1: Why […]
Learn how two mayors have spearheaded entrepreneurialecosystemdevelopment in their communities. But it's one thing for city leaders to "talk the talk" and quite another to implement a strategy that will spark and sustain entrepreneurship.
In 2017, we shared 3 ways to empower your entrepreneurialcommunity. While those tips are still relevant, the pandemic and heightened awareness about the importance of building equitable and inclusive ecosystems has surfaced new challenges. Make your ecosystem inclusive. Who is missing from your network?
In guiding organizations through the process of deploying Community Navigators (we often refer to them as Network Navigators), it’s been our experience this model can be successful in communities of all sizes—whether that’s impacting small towns like Klamath Falls or scaling to statewide initiatives in Kansas , Missouri , Wisconsin and Iowa.
SourceLink®, the National League of Cities (NLC) and the Ewing Marion Kauffman Foundation are pleased to announce the results of recent efforts to advance entrepreneurialdevelopment in Kankakee and Belvidere, Illinois. Entrepreneurialecosystem expertise. Committed partnerships.
We are experiencing unprecedented opportunities for communities to evaluate how best to respond to short-term needs while building resilient solutions for long-term success. While it might be tempting to jump right in, it’s important to take the time to evaluate successful outcomes and develop a strategy to achieve your goals.
We would love to hear how your community is doing. If you have questions about the webinar or would like to get in contact with us or one of our panelists, email dmacan@joinsourcelink.com to start a conversation!
After three eventful years , I’m excited to say that my new book— The Startup Community Way: Evolving an EntrepreneurialEcosystem , with Brad Feld —is officially available to the public today! I learned so much in the process and developed a large number of meaningful relationships along the way that will last a lifetime.
Ecosystem mapping can be thought of as the practice of observing, analyzing and visualizing an entrepreneurialecosystem. But, ecosystem mapping isn’t limited to creating a map, an end product that’s posted on a wall or website. There are many benefits to ecosystem mapping. Make it Collaborative.
He found his calling in environmental and human rights law and works to protect indigenous communities in his region. I think what I am most passionate about is having the opportunity to connect my interests, my career and experience with the change I want to achieve in my community.
As we foster the development of entrepreneurialecosystems, it’s important to design them to level the playing field for women. According to the National Minority Supplier Development Council, minority-owned businesses collect $1.4 The future is inclusive entrepreneurship ecosystems. Plenty of initiative.
Today marks the start of Global Entrepreneurship Week, an annual initiative that shines a light not only on the value entrepreneurs bring to our communities and global economy, but also the importance of building infrastructures that make it easier for them to start and scale their businesses. SourceLink?
From inception to implementation, ecosystem building can be a complex process, and it does not happen overnight. In fact, many communities start with just one area of focus and develop their program over time to realize economic impact. Solving statewide community opportunities. Such was the case for SourceLink Nebraska.
During my tenure with the local University I worked with economic developers all across Iowa, from Sioux City to Davenport and a great many small but mighty communities in-between: Grinnell, Parkersburg, Webster City and Lamoni to name a few. Entrepreneurialdevelopment in rural areas is needed now more than ever.
Read these tips from foundation leaders on how entrepreneurship ecosystem builders can develop relationships with foundations that invest in community economic development.
The concept of building networks of support, or what has sometimes been referred to as, forging “entrepreneurialecosystems”, has been a key focus for many advancing the idea that innovation and entrepreneurship will be the future of not just our recovery- but the necessary inclusive pathway for economic advancement and wealth building for all.
One way to do this is by engaging in Global Entrepreneurship Week , an annual initiative hosted by the Global Entrepreneurship Network that features 35,000 events across 125 countries with the goal of celebrating and empowering entrepreneurs in every community around the world—especially those who face systemic barriers. KC SourceLink.
After collectively witnessing many of our main street and small businesses across the country close in 2020, there arose a new sense of appreciation for the value entrepreneurs bring to our communities and our economy. In 2021, we saw new programs and funding opportunities from the EDA and SBA to rebuild, sustain and grow entrepreneurship.
On Thursday, April 21, SourceLink hosted Building Rural Communities Through Entrepreneurship , a webinar on strategies for growing rural communities through entrepreneurship-led economic development. Don Macke – Senior Vice President, e2 EntrepreneurialEcosystems. Nicole LaChapelle – Mayor, Easthampton, MA.
To effectively support any entrepreneur, you must develop an infrastructure of resources in your community. After working with over 100 communities, we know that resources tend to cluster around the type of entrepreneur served and stage of business. Include resources that specialize in supporting new entrepreneurs.
Some have been using this time to develop their business plans and launch their own companies.”. KCSourceLink, another member of SourceLink’s network, saw similar trends as they regularly surveyed the entrepreneurs in their community throughout 2020. SourceLink is here to help you support the entrepreneurs in your community.
As with any movement, there comes a day when grand visions need to either remain that, or be executed on so that they may evolve to the next stage of development and maturation. How they envisioned the role and necessary skills of an ecosystem builder. Like many communities in this position, it has not been easy or straightforward.
Now more than ever, entrepreneurs and small business owners require support from economic developers driving local economies forward. The Entrepreneurship Development Professional (EDP) certification. Developed with support from the Ewing Marion Kauffman Foundation and the U.S. A partnership to champion entrepreneurs.
Consequently, metros like Nashville, Indianapolis, Salt Lake City, and Phoenix have attracted more transplants from coastal hubs — a shift that helps spur economic development but also puts pressure on housing costs and public services. What separates entrepreneurialecosystem potential from realized success is often risk tolerance.
According to my friend Jeff Finkle (pictured right), president of the International Economic Development Council (IEDC), “Supporting entrepreneurs and small-business owners with creating and growing their local companies is a crucial part of economic development.”. Economic Development Administration. We couldn’t agree more.
In our commitment to entrepreneurship-led economic development, we’ve made it our practice to regularly share insights and lessons learned while celebrating success stories along the way. How to Build an Inclusive EntrepreneurialCommunity. Entrepreneurship-Led Economic Development and Ecosystem Building.
The Erie community came together today to celebrate local innovators who’ve successfully made the leap from start-up to up-and-running. Some of the startups who received funding included Alex & Thea, LLC; Erie Development Company; FIXED HHS; Next Chapters; PSNergy, Inc.; Werner Books and more.
This interview is part of the “Ecosystem Builders” series. More information about the ESHIP Communities program can be found here. A: I am really excited with the growth and development that’s going on in the city right now. There are certain areas of our city that are completely dilapidated.
This post is part of a series featuring highlights from the Unsung Heroes of Ecosystem Building campaign which shone a spotlight on 40+ entrepreneurialecosystem builders from around the U.S. Not everybody can do ecosystem building; it’s a talent that is developed through experience and education, connections and networking.
A small, but growing number of people are turning to entrepreneurialecosystem building as a strategy to build more inclusive and resilient economies. This project, The Ecosystem Building Leadership Project (EBLP) , recently launched the design phase. Recently the movement transitioned to a new stage.
Building Startup Communities is the Way to Economic Growth and Recovery. All across the country, communities need to jump start and rebuild their economies. And yet, our economic policies espoused by governments and traditional economic development approaches continue to focus on attracting big businesses. Economies are hurting.
I recently returned from our annual Maine vacation to find my pre-ordered copy of The Startup Community Way by Brad Feld and Ian Hathaway. This new book follows up on Feld’s excellent 2012 work Startup Communities , which I still consider to be among the best guides to entrepreneurialecosystem building. Check it out!
This interview is part of the “Ecosystem Builders” series. More information about the ESHIP Communities program can be found here. My family and community invested so much into me, I have always felt the need to repay the investment. How has that impacted the community? A: My why stems from my upbringing.
As the extent and impact of COVID-19 becomes more apparent, entrepreneurs and small businesses are on the front lines of its devastating impact–and with their demise comes potentially catastrophic economic losses for local communities. According to JP Morgan Institute , 50 percent of small businesses have less than 30 days of cash on hand.
There’s a new community network emerging to help entrepreneurialecosystem builders connect, learn, and grow— Startup Communities: The community for entrepreneurialecosystem builders. Startup Communities: The community for entrepreneurialecosystem builders to connect, learn, and grow.
Practical Metrics and Methods (Academic Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurialecosystem building, but they are not all widely adopted. In fact, many approaches are still emerging.
The essence of an entrepreneurialecosystem is its people and the culture of trust and collaboration that allows them to interact successfully. An ecosystem that allows for the fast flow of talent, information, and resources helps entrepreneurs quickly find what they need at each stage of growth.
I began comparing my personal experience as an entrepreneur starting my business 50 years ago to the entrepreneurialecosystem today. These business and mentorship networks have made great strides helping entrepreneurs in local communities across the U.S. Who is the audience for this book?
If non-white populations continue to be left out of the innovation game (which includes defining problems, developing and owning solutions), we all continue to miss out on the creative solutions to societal problems. Measurement of successful and inclusive entrepreneurialecosystems is a nascent field with room to grow.
Practical Metrics and Methods (Practitioner Edition): Identify and develop better metrics and methods for ecosystem building. In a nutshell : There are many metrics and methods in use in entrepreneurialecosystem building, but they are not all widely adopted. Part 2 will focus on academic researc hers. Metrics do that.
I knew that I should come to a position that help to increase the sustainability and evolution of the ecosystem. I am a professor in entrepreneurship and educate students to this reflection and contribute to the development of an entrepreneurial culture and mindset. This is some contribution but not enough. Theodoraki, C.
And yet, our economic policies espoused by governments and traditional economic developers continue to focus on attracting existing big businesses. There is a better way, and many of us know it—entrepreneurialecosystem building. Even fewer have been exposed to entrepreneurialecosystems and the value they offer.
Cultivating a culture and practice of diversity, equity, and inclusion (DEI) has become a core principle for entrepreneurialecosystem builders. It is incumbent upon those of us working to build vibrant entrepreneurialecosystems to put inclusion front and center, at the heart of everything we do. It is the whole thought.
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