Transcription of ENTREPRENEURIAL ECOSYSTEMS AND GROWTH ORIENTED ...
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ENTREPRENEURIAL ECOSYSTEMS AND GROWTH ORIENTED ...
ENTREPRENEURIAL ECOSYSTEMS AND GROWTH ORIENTED ENTREPRENEURSHIP By Prof. Colin Mason1 and Dr. Ross Brown2 Background paper prepared for the workshop organised by the OECD LEED Programme and the Dutch Ministry of Economic Affairs on ENTREPRENEURIAL ECOSYSTEMS and GROWTH ORIENTED Entrepreneurship The Hague, Netherlands, 7th November 2013. Final Version: January 2014 Increasing the number of high GROWTH firms (HGFs) is now a major focus for industry policy in developed countries. However, existing approaches are proving ineffective. Simply creating supportive framework conditions is insufficient. Creating favourable environments for business start-ups is not leading to the creation of more HGFs. And transactional forms of support for HGFs ( financial assistance) are proving to have limited effectiveness, at least post-start-up. The entrepreneurship ecosystem approach has emerged as a response. It recognises that HGFs flourish in distinctive types of supportive environment.
Main forms of assistance are ‘relational’ forms of support such as network building, developing connections between entrepreneurial actors, institutional alignment of priorities, fostering peer-based interactions Main push by policy makers is to generate and promote ... such as strategic guidance, leadership development
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