Global Start-Up Communities

Lex Research Topics in Corporate Law & Economics Working Paper No. 2016-9

14 Pages Posted: 14 Nov 2016

See all articles by Mark Fenwick

Mark Fenwick

Kyushu University - Graduate School of Law

Erik P. M. Vermeulen

Tilburg University - Department of Business Law; Signify (formerly known as Philips Lighting) - Legal Department; Tilburg Law and Economics Center (TILEC); European Corporate Governance Institute (ECGI); Kyushu University - Graduate School of Law

Date Written: November 4, 2016

Abstract

Although economic globalization has transformed contemporary conceptions of space, location still matters enormously for both individual entrepreneurs seeking to develop a sustainable business and policy makers looking to foster entrepreneurship within a particular city or region. In making the decision where to locate, what factors does an entrepreneur need to consider? What type of region offers a young firm most support in developing innovative products or services necessary to succeed today? And what capacities should government and policy makers be looking to develop in order to ensure that multiple startups decide to start operations in their particular region?

This paper focuses on three “success conditions” that we believe are important in assisting entrepreneurs and governments in building successful startups and flourishing startup communities. First, it is important to understand the main risks facing startup ecosystems, notably skepticism, theatre and scaling. Second, the local character (or “Local DNA”) and path dependencies of a region are crucial. Finally, all startup communities need to develop strong links with resources that exist at a global level.

Keywords: communities, ecosystems, entrepreneurship, infrastructure, innovation, networks, Silicon Valley, startups, technology, venture capital

JEL Classification: D84, G24, K2, L22, L26, M13, O10, O14, O30, O31, O32, O33, O44, Q55, R11

Suggested Citation

Fenwick, Mark and Vermeulen, Erik P.M., Global Start-Up Communities (November 4, 2016). Lex Research Topics in Corporate Law & Economics Working Paper No. 2016-9, Available at SSRN: https://ssrn.com/abstract=2864335 or http://dx.doi.org/10.2139/ssrn.2864335

Mark Fenwick

Kyushu University - Graduate School of Law ( email )

744 Motooka, Nishi-ku,
Fukuoka, Fukuoka 819-0395
Japan

Erik P.M. Vermeulen (Contact Author)

Tilburg University - Department of Business Law ( email )

Signify (formerly known as Philips Lighting) - Legal Department ( email )

Amstelplein 2
Amsterdam
Netherlands

Tilburg Law and Economics Center (TILEC)

Warandelaan 2
Tilburg, 5000 LE
Netherlands

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Kyushu University - Graduate School of Law ( email )

6-19-1, Hakozaki, Higashiku
Fukuoka, 812-8581
Japan

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
165
Abstract Views
673
rank
199,046
PlumX Metrics