Examples of Entrepreneurial Ecosystems

UK

London — availability of wide range of skills and talents, wide range of funding, incubators, intermediaries, angel investors, VC, opportunities for collaboration with many businesses in a close area etc

Metropolitan area — very good transport. Huge ecosystem, many advisors,

Google Campus — 274 start-ups in the campus raised $34M in 2013.

High rents forces entrepreneurs to be more creative and work harder.

UK has many generous angel investment tax incentives

Singapore

Block 71 or Fusionopolis next to the National University of Singapore to maximise innovation with many start-ups in a small area

Demographics — young population

Most large global enterprises have some presence in Singapore

Technology in Singapore is growing. Government investment in R&D/

MIT

Engine of ideas — Technology based — many Biotech, materials, engineering, medical,

25,000 companies developed by MIT alumni — Revenues of $2.7 trillion dollars –

Not one centralised system, but whole collation of variety of activities that work together in a decentralised way.

Several different contest and competitions — elevator pitch — connection with VC’s

Venture mentoring processes.

$100k opportunity -