UP Global White Paper: Announcing 5 Ingredients For ‘Fostering A Thriving Startup Ecosystem’
September 9th, 2014 | Published in Google Public Policy
This is a guest post from our Google for Entrepreneur's partner Marc Nager from UP Global - ed.
While supporting thousands of community leaders over the past six years, UP Global has consistently found itself at the center of larger conversations about what makes entrepreneurial ecosystems thrive.
Fundamentally, our goal is to provide a global framework for these conversations, that can be adapted to support the unique efforts of the community leaders and entrepreneurs - wherever they may be.
We are pleased to announce the release of the Fostering a Startup and Innovation Ecosystem white paper. This research project extends our commitment to entrepreneurs around the world, and substantiates our optimism for the economic progress that occurs every day. We hope the conversations around these topics continue as we work together towards providing global access to entrepreneurship.
Foreword by Mary Grove, Director of Google for Entrepreneurs
Entrepreneurship and innovation are thriving in communities all across the globe, and we see the transformative power entrepreneurs have to build products and companies that improve their communities, cities, and ultimately the world. Over the last several years, we’ve seen a surge in entrepreneurial activity in cities as far ranging as Damascus to Detroit, Sao Paulo to Nairobi, led by local leaders and influencers.
UP Global is a best in class organization empowering communities with the support and resources they need to foster local innovation and entrepreneurs. Their belief is that everyone in the world should have the opportunity to go from idea to startup, and the organization has over 7,000 volunteers across 125 countries who are often involved or eager to join in larger conversations with corporations, universities, and policymakers about building and fostering a favorable climate for entrepreneurs in their local community.
There is plenty of research out there that provides advice for entrepreneurs and highlights a few common ingredients that help to foster successful ecosystems. This white paper underscores the five critical ingredients that support flourishing entrepreneurial ecosystems: talent, density, culture, capital, and regulatory environment. My hope is that we continue the conversation about how to foster these ingredients in our daily work. As a board member of UP Global and a close partner of theirs through Google for Entrepreneurs, I am more excited than ever about the organization’s continued support for entrepreneurial communities and the powerful opportunity these communities have to impact the world.