Start up ecosystem: Features, processes, and actors.

Abstract

Successful start-ups can positively contribute to the well-being of countries' economies by creating jobs and new investment opportunities. The success of start-ups strongly depends on the ecosystem in which they are inserted. In this regard, it is important to understand the concept of the start-up ecosystem, in particular from the point of view of researchers and professionals. The desire to deepen the dimensions and components of the ecosystem and to observe more closely the best start-up-friendly ecosystems, then propose a comparison with the Italian context, is derived from evidence indicating that the most successful start-ups are concentrated mainly in certain areas of the world, and this concentration is by no means accidental. In fact, the presence of cities and districts recognized worldwide as real technological hubs appears to be directly connected to the presence of a series of conditions that are extremely favorable to their development. From this reasoning, the concept of "ecosystem," which we defined in the course of the work as a "set of conditions, actors and infrastructures capable of supporting the birth and development of innovative business projects; an absolutely heterogeneous system of elements, which embraces culture, regulatory and fiscal measures, public administration, financiers, businesses, universities and research centers." To better describe the phenomenon of start-up ecosystems and analyze the main components that characterize the latter, especially in relation to the geographical contexts in which they develop, we have chosen to start from a model that presents five essential components of start-up ecosystems: entrepreneurship with a particular focus on the diffusion of start-up companies; business incubators and accelerators; institutions (and in particular universities); and the possibility of accessing technologies as a lever for achieving the main objectives of start-ups. The work presents a qualitative research methodology on different levels of analysis. The process research is aimed at multiple case studies in which we first present a comparison between the start-up ecosystems of Rome and Naples and then conciliate with a first benchmarking with a context considered to be of excellence (despite the limitations it presents in recent times), i.e., that of Silicon Valley. The case studies were enriched by the results of narrative interviews of the main actors of the start-up ecosystem: start-uppers, directors of incubators and start-up accelerators and university professors engaged in the issues of new entrepreneurship

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