A good public funding model starts with an ecosystem framework
If you are an economic development financier driving innovation and entrepreneurship, one of the crucial aspects is to maximize the impact of the public funding flowing within the ecosystem.
It is assumed that they have a great understanding about the startup journey and that they have accurate data and information to support their decisions towards implementation. The reality is quite different. And we, as entrepreneurs, know that assumption is the mother of all mistakes, in one form or another. Only things that can be understood, can be developed.
Here's a process followed by many ecosystems with different size and maturity levels that helps, among other things, minimize the mismatch in the public funding:
1.- Understand the startup journey, from "idea to product, to growing business" and from "talent to team, to real organization" in balanced manner
2.- Understand the key focus area from ecosystem perspective
3.- Understand the service targets that are needed to support startups in their different phases. Services in the ecosystem should focus on:
4.- Understand the balance between public and private support. The balance between public services or publicly funded support providers tend to focus in earlier phases, while private and for-profit type of service providers are focusing on later phases of the journey, where the business is starting to have more clarity, shape and ability to pay more for these services.
5.- Map your ecosystem to identify what the current services are, how they are related, their dependencies and the missing ones
6.- Based on your data, decide in which area you want to impact
7.- Collect standardised KPIs related to startups progress and contributing factors; service intake, output, efficiency & feedback; and outcome of ecosystem development actions
Following the process above can help you separate your assumptions from your decision-making and to implement what is really needed vs what is trendy. This process is what we recommend to use for all decisions related to startup ecosystem development, and it becomes more powerful the more it is adopted among the different ecosystem actors.
And, when things don't turn out how you hoped they would, then you should evaluate how the decision was made. There might be different reasons but lack of data and resources are usually behind them.
If you have questions about applying the ecosystem framework, want more examples of how it was implemented, or you even want to propose improvements, please reach out: info at startupcommons.org
Coordinate your startup ecosystem with Ecosystem Mapping App, a short demo
Ecosystem Mapping App is the first 'Application Module' of EcosystemOS - a digital service for startup ecosystems to aggregate and distribute ecosystem information in a standardized format, with the main goal to help maintain the best and most accurate information for startups, support organizations, governmental entities and other ecosystem stakeholders and to provide ecosystem intelligence help them make quick, secure and efficient decisions.
Watch this five minute demonstration and see how Ecosystem Mapping App helps startup ecosystems to find their gaps with holistic view, standardised information and interoperability.
Ready to get started?
Starting Q2 this year - As an ecosystem representative, your ecosystem can apply to Join our global alliance membership. This will enable you to start deploying EcosystemOS Mapping App in your local ecosystem(s), to enable data flow within and between ecosystems via globally shared needs within ecosystems.
As a member of the alliance your ecosystem can also be part of contributors and/or governance parties of the global open standards, for innovation entrepreneurship ecosystem builders, operators, architects and developers globally.
Benefits of the alliance
Nobody can develop open standards alone, yet transparent open (non-proprietary) standards are needed to enable true interoperability within and between ecosystems, especially in areas like;
As we are finalizing the work to publish the 2022 Alliance Program details, you can check out the 2021 collaborative ecosystem development project call for more information about the established foundation that the 2022 program is based on.
Together, cheaper and faster!
Few things are as important as common understanding and definitions. Without knowing exactly what specific terms mean, and how they apply to given situations, little discourse startup or ecosystems development can take place. In developing startups and startup ecosystems, there are still many terms that are misunderstood or misused.
There's no standardised definition of what is a startup. Wherever we work, whoever we ask, entrepreneurs, support organisations, investors, governmental entities, etc. have their own understanding and definition of the startup term, what makes difficult to develop any ecosystem.
Here's a definition based on the startup development phases you can use in your local context in case you are still missing it. It was defined with the main goal to make it as complete, global and neutral as possible:
“A Startup is a team of entrepreneurial talent developing new innovations, in identifiable and investable form, in progress to validate and capture the value of the created innovation - with ambition to grow fast with scalable business model for maximum impact.”
And then, use that definition combined with the evaluation tool below to assess the potential of any startup in your ecosystem:
Wondering how the whole ecosystem can adopt it and become a standard? Get to know more here
We are launching the year with focus on Ecosystem Mapping App - a central piece of ecosystem interoperability, that brings about new meaning, context, and ecosystem insights through a combination of multiple diverse sources of data.
We’re feeling energized. Over the last year, we’ve implemented some big changes, grown our team and set strong foundations, to complete our transition towards a fully digital company serving innovation entrepreneurship ecosystem builders. With focus on data-driven solutions, we help to bring the answers to the questions that matter for ecosystem development in a more efficient, accurate and scalable way.
Ecosystem Mapping App
The ecosystem mapping activity is at the core of any ecosystem and we are excited to update our global network of ecosystem builders.
Based on the foundation that your primary data, data distribution and defining data sharing rights, should always remain in local hands, controlled by the rightful owners depending on the data in question, from the very beginning to long-term. Ecosystem mapping application is currently available as customised implementation with APIs first - approach, to give you more ownership about the solution, more control of your ecosystem data.
The more control over the data and digital tools the ecosystem developers and operators have, the better are the quality, accuracy and value of that data is. And so are all are related ecosystem applications, analysis, measurements, forecasting, decisions and planning, utilizing it towards developing, accelerating and growing the ecosystem.
It’s 2022 and if managing ecosystem data and distribution of it beyond manual efforts is not in your plans for ecosystem development, you have already fallen behind. You’re essentially missing out on the answers that you need to effectively support entrepreneurs, startups and innovation in general and, most importantly, you are wasting your always limited ecosystem development resources and opportunities, around the data that already exists in your ecosystem, but it's simply not utilised properly.
Make managing your ecosystem data a priority for 2022, a year of the Tiger. We know it may not feel easy, but that's why we are here to help you as a globally neutral actor, looking forward to helping you tackle your challenges one by one, "sitting with you on the same side of the table".
Introducing SDP classifier - an automated ‘startup development phases’ -labelling, for classifying various startup ecosystem elements.
Find out why this must-attend webinar is for ecosystem builders like you
What could you get if your weekly startup ecosystem events were more effective and accurate attracting the right audience?
Experienced ecosystem builders know: when you attract the right people in the events, you truly enable magic among them. To learn how technology can contribute to make this happen, register to the ecosystemOS protolab webinar.
What will you get in this webinar?
This webinar is designed to bring our global community of ecosystem builders together and point them toward their next steps on the automation journey for startup ecosystem development. We will cover:
Ready to transform your ecosystem so you have more time to do what matters? Join us at ecosystemOS protolab webinar to enable automation and intelligence in your ecosystem to develop and orchestrate it faster and smarter.
Feel free to contact us (email@example.com) in advance with your questions/suggestions. Don't miss this session out and book your place!
Get to know the Startup Commons' 2021-2022 Internship Program, how it will benefit you and how you can apply.
At Startup Commons, we work for innovation and entrepreneurship to contribute to the growth in economic development and society prosperity by building digital solutions that never ever were thought. We can only achieve it by working with highly motivated people that are hungry to learn fast and grow working with complex challenges and as part of an international and ‘Digital first’ working environment. This is our obsession and we are making a continuous global call to the daring minds from universities all around the globe.
In this webinar, we presented the Startup Commons Global Internship Program 2021-2022, the type of talents we are looking for, the roles, the criteria that are relevant for us, the benefits working with us and how you can take part on it.
What kind of services do you offer in your organization?
Startup Calgary supports entrepreneurs reshaping Calgary. We grow and strengthen our startup community by facilitating collisions of diverse people, ideas and skills. To help ideation and conception stage entrepreneurs, we offer community events, programs, workshops and advice. This includes Startup Essentials, Startup Drinks & Pitches, Launch Party and various other networking and event opportunities, many of which can be found in our Community Events Calendar.
What makes your organization unique?
We have a deep connection with the local startup community that can’t be replicated. Through our advisors, program coordinators and events, we are always creating a more interconnected community while also showcasing the great things happening in the Calgary ecosystem. We love sharing the triumphs and successes of entrepreneurs who have completed our programming, with success stories others can read here. The Calgary startup founders are always willing to lend a hand to other founders--even those who would be considered their competition.
Fostering this culture of openness and collaboration is important for us; we work hard to ensure everyone with a good idea and an entrepreneurial vision is welcome at Startup Calgary. As part of Platform Calgary (especially as we move into the public space of the Platform Innovation Centre), that value of accessibility to the innovation ecosystem is front and centre.
What has been your biggest challenges this past years? And how did you solve it?
Certainly, everyone has struggled with adapting to a global pandemic and how it changed the way we connected with each other. For an organization that is based on creating connections between startup founders, advisors, and other resources, we discovered we needed to pivot quickly. This meant moving events and resources online as quickly as possible and exploring new technology that can simulate the experience of being in a room with people you may not know and having meaningful collisions in the process. These tools may not be a perfect replacement for the in-person experiences we host, but they will now be a good option to supplement our programming in a post-pandemic world.
In a city where the growth of our tech sector has largely happened under the radar, it can be difficult to build awareness about our startup community and all the partners and resources available to help entrepreneurs. To increase awareness about available resources, and to encourage connections within the community, we revamped the community events calendar to amplify opportunities for networking and professional and personal development. Each year, our signature event--Launch Party--invites the whole city to learn about and celebrate the best of our startup community. It continues to be an important way to share the story about our growing tech community as it becomes a key part of our city’s economic future.
What do you see being your biggest challenges in the future?
Calgary is in the midst of transitioning its narrative from that of an oil and gas town to a more diversified economy. While that real transition has been happening for some time, the story Calgarians tell about ourselves is still catching up to reality. It is also a story that is more nuanced and inclusive than a simple change from one industry to another. It is important that we continue to work at telling the stories of our startup-driven innovation economy. In doing so, we will reframe the way Calgarians view ourselves and our collective future. Startup Calgary, Platform Calgary, our partners and the rest of the ecosystem have a significant role to play in this narrative--in addition to actively creating new businesses, new jobs, and diversifying our economy.
Any implementation you intend to keep from this pandemic time?
With the Startup Calgary team merging with the Platform Calgary team earlier this year, we are expanding our reach and providing more Calgary entrepreneurs with the tools they need to succeed. Our digital presence has become stronger over the course of the last year with online events and programming. As communities start opening up, we will provide high quality digital experiences in addition to our successful in-person programming. We are excited to be providing these experiences in our new space and Calgary’s new home for innovators: Platform Innovation Centre opening fall 2021.
Why did you choose to use the startup ecosystem development phase tool?
The Startup Commons phase tool provides a shareable common language for our entire innovation ecosystem. It allows accelerators and service providers to understand how to better serve startups, and it helps us to make the right connections to startups based on the size and stage of the company. It is a powerful tool supporting even better collaboration within our ecosystem.
What could we add to offer you a better service?
The Startup Commons model is relatively linear and straightforward, however that is rarely the case for the entrepreneurial journey. As entrepreneurs, you don’t simply jump from -2 to -1 to 0--sometimes you stay stuck at 1 then go back to -2. And that’s okay. Acknowledging that less linear pathway can reaffirm for startup founders that they are on the right path for them.
What would you tell someone considering using our framework?
The framework is an excellent tool for entrepreneurs and ecosystem builders alike. It really helps you understand where you are, as an entrepreneur, and where you need to go next. For ecosystem builders, it helps us identify how we can help entrepreneurs and which resources they may need next.
This is an originally posted by Benoit Watteyne. You are free to re-edit and repost this in your own blog or other use under Creative Commons Attribution 3.0 License terms, by giving credit with a link to www.startupcommons.org and the original post
The open stack for innovation entrepreneurship
Inspired by the fantastic work of our colleague Chad Renando about Systems and platforms for mapping and measuring innovation ecosystems: Australian and global examples, we at Startup Commons decided that an additional effort was needed from our side to communicate Startup Commons' digital side offering and our position in the 'industry of supporting ecosystem development'.
In the digital economy, the ownership of data in each city or country, should always remain in local hands, where it should primarily generate value for local economy first. But in practice, ecosystem data is scattered through different actors and systems (local and global). This means that no single organisation by itself has all the data there is on the ecosystem in its possession.
Therefore, to achieve a truly 360-degree view of any ecosystem, collaboration between organizations and interoperability between applications, are keys to success. This is the nature of any ecosystem. To establish an architecture that enables ecosystems to capture and use data to improve entrepreneurs' journeys and related supporting services.
Learn more about the digital architecture and approach that we focus on developing. Based on an open tech stack for innovation entrepreneurship ecosystems, built on open standards and interoperability at the core.
It’s not Startup Commons OR other solutions. It’s about Startup Commons AND other solutions to work together, faster and smarter to create the full picture of your ecosystem.
The best time to start digital transition in your ecosystem was ten years ago. The second best time is now!
Let's talk and make sure we focus on your entrepreneurs and startups and… prepare for and enable future innovation by understanding that we don’t have all of the answers… at least - not yet!
A data-driven assessment and prioritization of gaps to build a sustainable ecosystem strategy
Startup Genome supports forward-looking governments and private organizations around the world to holistically capture the state of their ecosystems, measured across 100+ metrics. Marc Penzel, Founder and President at Startup Genome, and Pranav Arya, Senior Consultant at Startup Genome, provided a dive deep into how a data-driven prioritization of gaps can build a globally-leading ecosystem strategy.
Startup Commons is expanding the Growth Academy offering beyond our global offering in our own website. We are now making all the Growth Academy eLearning assets fully available for your local distribution, to be integrated in your own digital channels for maximum impact and to give you full freedom and rights for branding and to be localised.
And we’re thinking it’s time to do some proper evolution and have a new color style that provides a qualitative leap while maintaining a touch of neutrality that allows it to be used by multiple organisations regardless of their branding.
Our designers have created some rough drafts, and we’d like to know which one you like! Please help us out by selecting the color style you like best and letting us know why you like it, or what edits you suggest!
Supporting startup ecosystem development, from entrepreneurship education, to consulting to digital infrastructure for connecting, measuring and international benchmarking.
Subscribe for updates
Startup ecosystem development updates with news, tips and case studies from cities around the world.
Are you interested to join our global venture to help develop startup ecosystems around the world?