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The Achilles Heel of Startup Ecosystems

This is going to be BIG.

Across the world, various economic development organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to develop startup ecosystems. This is exactly the wrong way to think about the economic opportunity presented by innovation.

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VCs discuss the opportunities – and challenges – in Pittsburgh’s startup ecosystem

TechCrunch

Like many in the Steel City startup community, both share a focus on the historically difficult task of keeping startups in town. I asked Peduto and Mawhinney what the single biggest obstacle has been in building out Pittsburgh’s startup ecosystem. Both responded the same way: venture capital.

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Navigating Singapore’s Startup Ecosystem: Top 5 Funding Initiatives Unveiled

AsiaTechDaily

Early Stage Venture Fund (ESVF) The Early Stage Venture Fund (ESVF), an instrumental initiative in Singapore’s startup ecosystem, is designed to provide crucial financial support to early-stage high-tech startups. This collaborative effort injects crucial financial resources to help the expansion of startups.

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beSUCCESS Media spotlights the vibrant Korean startup ecosystem at BEYOND Expo in Macau

AsiaTechDaily

At the BEYOND Expo, beSUCCESS Media presented the company’s efforts to support Korean startups at the Korea Tech Reception, a gathering of leading media and tech companies from Asia and worldwide. beSUCCESS Media site AsiaTechDaily.com brings news regarding the Asian startup ecosystem and technology and innovation in Asian companies.

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Index Ventures Raises $2.3 Billion in New Funds for Global Startup Opportunities

American Entrepreneurship

A track record of successful investments positions the global firm to partner with top entrepreneurs across industries and geographies. Observing emerging trends in the global startup ecosystem, Index Ventures announced the addition of $2.3 billion in new funds earmarked for disruptive and transformative businesses.

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Malaysia’s Economy Minister Outlines Government’s Vision for Startup Ecosystem Reforms

AsiaTechDaily

Register The Malaysian Economy Minister, Rafizi Ramli, has announced that the government plans to reform the country’s startup ecosystem. The minister explained how the government will focus on enhancing funding and investment opportunities, particularly at the seed and angel investor stages.

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After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem

TechCrunch

In fact, even some of the excesses of 2021 were eclipsed when the number of investments on the continent rose higher in 2022 than they had a year earlier, boosted by early-stage firms flocking to fund startups in the wake of landmark exits of homegrown companies like Jumia and Paystack. How does this affect the investment landscape?