As a SEDA (startup ecosystem development agency), we feel that there are three major components to the success of an ecosystem built to support entrepreneurs.
First, you need to have programs that are inclusive and designed with empathy. They must not only help founders launch companies, it is important that they are accessible to a diverse array of ideas and backgrounds. When people and ideas clash in a space of innovation and freedom, magical things happen.
Second, the ecosystems must partner cities with cities to expand the economic impact. When the narrative for building and scaling successful startups is that you have to go to NYC, Silicon Valley, or Boston to raise funding, cities are hurt. Innovative visionaries exit, and with them, so does future job creation, tax revenue, and reinvestment back into the city's ecosystems.
Third, corporations must have a clear and efficient way of partnering with startups and launching their own. There is a groundswell of entrepreneurial talent that exists within the corporate walls, much of it is untapped. When corporations are enabled to build new ventures at breakneck speeds, they engage in a different form of revenue growth. Disrupted become the disruptors.
KnowCap IO was designed for people with ideas. Our mission is to help you turn that seed of innovation into a fast-growing company.
One of the biggest hurdles for cities is building inclusive startup ecosystems that will not only retain their local talent, but help that talent thrive.
To survive disruption, corporations need to disrupt themselves on a regular basis. We work with corporations to design, build, and scale their internal ventures.
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