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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 entrepreneurialecosystem development 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.
When it comes to building an entrepreneurialecosystem, a collaborative and supportive network is worth more than a listing of organizations in a directory – a lot more.
As our founder Maria Meyers shares in her whitepaper Making (and Measuring) an EntrepreneurialEcosystem , most funders look for “partners that indicate a shared commitment to solve the problem.”. SourceLink has demonstrated success helping communities build and grow sustainable entrepreneurialecosystems.
Creating strong inclusive ecosystems of support for entrepreneurs is key to a community’s economic success, however sharing collective impact can be challenging.
I’ve added some of those insights here while I work on a more comprehensive resource guide to mapping entrepreneurship ecosystems. What is Ecosystem Mapping and Why Do It? Ecosystem mapping can be thought of as the practice of observing, analyzing and visualizing an entrepreneurialecosystem.
Entrepreneurialecosystems are dynamic, and as they evolve, regular reevaluation—or “spring cleaning”—becomes essential to foster innovation, optimize resources, enhance competitiveness, and ensure […] Spring cleaning isn’t just for closets and cobwebs.
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! It’s my first book, so this is a new feeling. It’s hard to put into words just how grateful I am for the experience.
As we foster the development of entrepreneurialecosystems, it’s important to design them to level the playing field for women. We can’t claim to be building inclusive entrepreneurialecosystems unless we address the lack of investment resources available to women and minority business-owners. Plenty of initiative.
Read these tips from foundation leaders on how entrepreneurship ecosystem builders can develop relationships with foundations that invest in community economic development.
To support and accelerate this momentum, the National Entrepreneur Center (NEC) and Orange County Government have partnered with SourceLink, tapping into our consulting services, software solutions and national network to strengthen and build upon the rich tradition of collaboration the NEC and Orlando entrepreneurialecosystem have forged.
This was the first step in building Nebraska’s entrepreneurialecosystem, but more funding was needed in order to expand the initiative statewide. Connecting entrepreneurialecosystem builders nationwide. SourceLink is here to help you connect to resources and to build an effective and inclusive entrepreneurialecosystem.
Creating inclusive entrepreneurialecosystems can help close the wealth gap , as entrepreneurship offers one of the greatest opportunities for personal wealth building. Make your ecosystem adaptable. At SourceLink, we help communities build and empower entrepreneurialecosystems.
For Aileen Huang-Saad, teaching biomedical engineering (BME) through experiential learning has had a transformative impact on her students, and the university’s educational practices and entrepreneurialecosystem. The post how a faculty grant transformed an academic career appeared first on VentureWell.
She answers a few questions for us about her career and work in building a diverse, eco-friendly entrepreneurialecosystem. Sylvia Robles from the University of Texas Rio Grande Valley was named our 2023 Sustainable Practice Impact Award winner.
The post Erie EntrepreneurialEcosystem Investments Fuel New Startups first appeared on BFTP/CNP. The post Erie EntrepreneurialEcosystem Investments Fuel New Startups appeared first on BFTP/CNP. Nearly 30 companies either received or paid funds forward to contribute to new startups, totaling an amount of more than $9.4
While SourceLink specializes in a systems approach to ecosystem building, we believe in the power of sharing ideas and encourage our partners to continually question how they can better support the entrepreneurs in their communities. Hear Network Building Strategies from Communities Around the U.S.
That same entrepreneurial spirit will drive innovation and change in the future, reinforcing the need for entrepreneurialecosystems to support the many people who jumped into the world of entrepreneurship during the pandemic. SourceLink is here to help you support the entrepreneurs in your community.
One of my favorite thought leaders, Don Macke with the e2 Entrepreneurial Communities , often talks about the fact that entrepreneurial talent is universal, but thriving entrepreneurialecosystems are not. In the e2 EntrepreneurialEcosystems thought paper Why Entrepreneurship? Population, though 97% of U.S.
We're seeing the same thing happen within the entrepreneurialecosystem. "Let's take the highway, it will be faster!". "In In fact, let's get a second car.". Adding highways meant adding traffic--more than ever before. As you build more infrastructure to support entrepreneurship, more people become entrepreneurs.
I think a lot of companies suffer this when they're in new entrepreneurialecosystems or ones outside of major cities where innovation is happening in the biggest industries.
Over the past few years, there has been much talk about the importance of investing both financial and human capital into the rapidly expanding entrepreneurialecosystem. From our perspective, human capital is as important as financial capital in driving the long term success of startup companies.
At SourceLink, we continued the entrepreneurialecosystem building work we’re known for while proactively developing ways to bolster this renewed wave of support. I’m particularly proud of BizLink Orange in Orlando , West Virginia BusinessLink , and SourceLink Nebraska.
Join a collaborative effort to design, create, and validate the advancement of the entrepreneurship ecosystem building field of practice. A small, but growing number of people are turning to entrepreneurialecosystem building as a strategy to build more inclusive and resilient economies.
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.
3 Ways to Empower Your Entrepreneurial Community. Who Makes Up An EntrepreneurialEcosystem: Defining the Role of Ecosystem Player. How Mayors Can Lead the Way for EntrepreneurialEcosystem Building. Show Me the Money: How to Fund Entrepreneurship Ecosystem Building Initiatives.
I’ve added some of those insights … Continue reading "How to Get Started Mapping Your EntrepreneurialEcosystem [Updated]" In the years since, through research and conversations with others, I’ve gained some additional insights and perspectives.
This report serves to further illustrate that thesis by breaking down what we look for in what we call “tentpole companies”: local startups that are the standout successes of a community’s entrepreneurialecosystem.
Entrepreneurialecosystem expertise. “The most common inquiries I receive from existing and aspiring entrepreneurs are where do I start, what’s next or how does one solve any given problem,” said Brad Benoit, the city’s business retention and attraction coordinator.
More Than an EventA Movement The Good Soil Movement is one of the fastest-growing entrepreneurialecosystems in the country. In just two years, it has invested nearly $1 million in small businesses and now connects over 26,000 members nationwide.
What separates entrepreneurialecosystem potential from realized success is often risk tolerance. Dynamism creates vitality and job opportunities that are key to a city’s success. But growth can also come with gentrification, displacement, and pressure on public resources and housing.
Everything we do is centered around bringing incredible ideas and entrepreneurialecosystems to life through inspiring individuals around the world. 500 has seen incredible growth over the past 9 years, yet our goal has always stayed constant: back the world’s most talented founders.
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.
This approach also requires entrepreneurialecosystems incorporate new methods and business economic impact measures. The SBA Community Navigator framework envisions a lead nonprofit partner who can serve as a hub for the entrepreneurial community and the network building efforts. What is the SBA Community Navigator Model?
Entrepreneurs, leaders of entrepreneur support organizations, and entrepreneurialecosystem builders came together to discuss solutions to inequities. Measurement of successful and inclusive entrepreneurialecosystems is a nascent field with room to grow. Successful and Inclusive EntrepreneurialEcosystem.
Take a close look at your entrepreneurialecosystem building work and make sure you’re doing it through an equitable lens. The conversation introduced a new framework for inclusive community development that incorporates cultural understanding, talent development and new venture creation.
I am a professor in entrepreneurship and educate students to this reflection and contribute to the development of an entrepreneurial culture and mindset. I do research on entrepreneurialecosystems to further understand their composition and provide findings that may help build resilient and sustainable ecosystems.
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.
We have already had our first virtual event benefiting dozens of entrepreneurs in the city of Maracaibo, and we hope that in the coming months the initiative will continue to grow organically to benefit the local entrepreneurialecosystem.
Last week’s Forward Cities conference in Pittsburgh highlighted the need for equity and inclusion in the entrepreneurialecosystem. The post Now Is the Time for Racial Equity in the EntrepreneurialEcosystem appeared first on Forward Cities. By Kaliah Ligon, Forward Cities Local Director – Indianapolis, IN.
The EDP certification course is the byproduct of a much larger goal, one shared by many in the field: to sustainably accelerate entrepreneurship-led economic development and inclusive entrepreneurialecosystems all across the country.
We found one of those exemplary steps in southern Virginia where the Dan River Region Entrepreneur Ecosystem recognized the need for an ecosystem coordinator and rallied their stakeholders to hire the first entrepreneurialecosystem builder for the region. River and bridges in Danville. says Alexis.
Both are useful additions to the early stage entrepreneurialecosystem. Note: the author is the CEO of Gust, and therefore clearly biased. original post can be found on Quora @ [link] *. Gust News'
I began comparing my personal experience as an entrepreneur starting my business 50 years ago to the entrepreneurialecosystem today. We have consolidated entrepreneurialecosystems (and capital) to just a few cities and we have made it increasingly difficult for women and minorities to start businesses.
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