Building Entrepreneurial Ecosystems — A Global Perspective

Where are the next hotspots of innovation and what are the key ingredients to their success ? I set out to answer these questions in an in-depth report for the Canadian Media Fund’s Trends website. What I found is there are three critical factors in fostering an entrepreneurial ecosystem:

  1. Entrepreneurs lead the ecosystem;
  2. An openness to new members and ideas;
  3. Affordable spaces where entrepreneurs can live, work and congregate

I used this framework to examine three very different start-up scenes: Cape Town (South Africa), Bogotá (Colombia), and the small but innovative city of Malmö (Sweden). Here are some highlights from the research:

1. Cape Town
3.75 million — Population
$14,086 USD — GDP Per Capita
25.5 % — Rate of Unemployment in South Africa
$3.47 USD — Average Cost of a Cappuccino
$122 USD/m — Average for Hot Desk

Co-Working Spaces
http://open.co.za/workshop17.html
http://daddyo.co.za
http://www.bandwidthbarn.org
http://www.capetowngarge.com
http://thebureaux.co.za

Accelerators
http://www.siliconcape.com
http://www.knifecap.com/grindstone
http://www.88mph.ac

2. Bogotá 
9.14 MILLION — Population
$17,497 USD — GDP Per Capita
9% — Rate of Unemployment in Colombia
$1.08 USD — Average cost of a Cappuccino
$81 USD / m — Average cost of Hot Desk

Co-Working Spaces
http://atomhouse.com
http://hubbog.com

Accelerators
https://apps.co
http://socialatomventures.com

3. Malmö (Sweden) 
318,000 — Population
$45,000 USD — GDP Per Capita
6.7 % — Rate of Unemployment in Sweden
$3.08 USD — Average Cost of a Cappuccino
$110 USD/m — Average for Hot Desk

Co-Working Spaces
http://www.mediaevolutioncity.se
http://www.foocafe.org
http://www.theground.se
http://www.malmostartups.com

Accelerators
http://www.minc.se
http://www.fasttrackmalmo.com

You can read the full report here