Entrepreneurial Ecosystems and the Catalytic Role of Universities
As there is already a common understanding that economic development can be seen where entrepreneurial activity flourishes, governments became also interested to understand if entrepreneurial ecosystems can be built from scratch like an artificial ecosystem. Many of the local areas (cities, regions...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2023-12-01
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| Series: | Studies in Business and Economics |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/sbe-2023-0052 |
| _version_ | 1797258295455514624 |
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| author | Ilie Livia Budac Camelia |
| author_facet | Ilie Livia Budac Camelia |
| author_sort | Ilie Livia |
| collection | DOAJ |
| description | As there is already a common understanding that economic development can be seen where entrepreneurial activity flourishes, governments became also interested to understand if entrepreneurial ecosystems can be built from scratch like an artificial ecosystem. Many of the local areas (cities, regions or small countries) that received an entrepreneurial label developed to this status mostly through a natural process. Silicon Valley is in this respect the well-known success story. Researchers started to get interest in conceptualizing entrepreneurial ecosystems in the last two decades. They were able to define and identify the key drivers for a successful entrepreneurial ecosystem making analogies with natural ecosystems. This paper aims to synthetize the most important findings in the research in this domain, summarizing the key factors needed to be in place in order for an ecosystem to be considered entrepreneurial with a significant economic, technological and societal impact. The models developed are useful for practitioners and policymakers. Central to such an ecosystem we consider to be higher education and research institutions, as they bring to the ecosystem the elements that are crucial for its success: talented and innovative people, innovations and research outcomes with high potential of commercialization, valuable networks. |
| first_indexed | 2024-03-08T12:27:08Z |
| format | Article |
| id | doaj.art-4c760456e0104e8198a42429d23e3285 |
| institution | Directory Open Access Journal |
| issn | 2344-5416 |
| language | English |
| last_indexed | 2024-04-24T22:51:16Z |
| publishDate | 2023-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studies in Business and Economics |
| spelling | doaj.art-4c760456e0104e8198a42429d23e32852024-03-18T10:29:32ZengSciendoStudies in Business and Economics2344-54162023-12-0118316317510.2478/sbe-2023-0052Entrepreneurial Ecosystems and the Catalytic Role of UniversitiesIlie Livia0Budac Camelia11Lucian Blaga University of Sibiu, Romania2Lucian Blaga University of Sibiu, RomaniaAs there is already a common understanding that economic development can be seen where entrepreneurial activity flourishes, governments became also interested to understand if entrepreneurial ecosystems can be built from scratch like an artificial ecosystem. Many of the local areas (cities, regions or small countries) that received an entrepreneurial label developed to this status mostly through a natural process. Silicon Valley is in this respect the well-known success story. Researchers started to get interest in conceptualizing entrepreneurial ecosystems in the last two decades. They were able to define and identify the key drivers for a successful entrepreneurial ecosystem making analogies with natural ecosystems. This paper aims to synthetize the most important findings in the research in this domain, summarizing the key factors needed to be in place in order for an ecosystem to be considered entrepreneurial with a significant economic, technological and societal impact. The models developed are useful for practitioners and policymakers. Central to such an ecosystem we consider to be higher education and research institutions, as they bring to the ecosystem the elements that are crucial for its success: talented and innovative people, innovations and research outcomes with high potential of commercialization, valuable networks.https://doi.org/10.2478/sbe-2023-0052entrepreneurshipentrepreneurship educationentrepreneurial ecosystem |
| spellingShingle | Ilie Livia Budac Camelia Entrepreneurial Ecosystems and the Catalytic Role of Universities Studies in Business and Economics entrepreneurship entrepreneurship education entrepreneurial ecosystem |
| title | Entrepreneurial Ecosystems and the Catalytic Role of Universities |
| title_full | Entrepreneurial Ecosystems and the Catalytic Role of Universities |
| title_fullStr | Entrepreneurial Ecosystems and the Catalytic Role of Universities |
| title_full_unstemmed | Entrepreneurial Ecosystems and the Catalytic Role of Universities |
| title_short | Entrepreneurial Ecosystems and the Catalytic Role of Universities |
| title_sort | entrepreneurial ecosystems and the catalytic role of universities |
| topic | entrepreneurship entrepreneurship education entrepreneurial ecosystem |
| url | https://doi.org/10.2478/sbe-2023-0052 |
| work_keys_str_mv | AT ilielivia entrepreneurialecosystemsandthecatalyticroleofuniversities AT budaccamelia entrepreneurialecosystemsandthecatalyticroleofuniversities |