ENTREPRENEURIAL ECOSYSTEMS IN THE USA: A COMPARATIVE REVIEW WITH EUROPEAN MODELS

ENTREPRENEURIAL ECOSYSTEMS IN THE USA: A COMPARATIVE REVIEW WITH EUROPEAN MODELS

February 2024 | Sunday Tubokirifuruar Tula, Onyeka Chrisanctus Ofodile, Chinwe Chinzo Okoye, Adeola Olushola Ajayi Nifise, & Olubusola Odeyemi
This review provides a comparative analysis of entrepreneurial ecosystems in the United States and Europe, highlighting key characteristics, strengths, and challenges. The American entrepreneurial ecosystem is characterized by world-class universities, a robust venture capital landscape, a culture that embraces risk-taking, and supportive government policies. Silicon Valley and Boston are notable examples of successful ecosystems, with Silicon Valley known for its tech hub and Boston for its academic and research institutions. In contrast, European entrepreneurial ecosystems exhibit regional variations, influenced by cultural, regulatory, and historical factors. Berlin and London are highlighted as vibrant hubs, with Berlin known for its diverse startup scene and London for its financial and tech sectors. Common challenges include access to capital, cultural attitudes towards risk, and regulatory constraints. The review emphasizes the importance of collaboration, networking, and supportive regulatory environments in fostering entrepreneurial growth. It also discusses the potential for cross-cultural collaboration and the role of global interconnectedness in shaping the future of entrepreneurial ecosystems. The conclusion calls for continued research, collaboration, and policy development to enhance the resilience and competitiveness of entrepreneurial ecosystems globally.This review provides a comparative analysis of entrepreneurial ecosystems in the United States and Europe, highlighting key characteristics, strengths, and challenges. The American entrepreneurial ecosystem is characterized by world-class universities, a robust venture capital landscape, a culture that embraces risk-taking, and supportive government policies. Silicon Valley and Boston are notable examples of successful ecosystems, with Silicon Valley known for its tech hub and Boston for its academic and research institutions. In contrast, European entrepreneurial ecosystems exhibit regional variations, influenced by cultural, regulatory, and historical factors. Berlin and London are highlighted as vibrant hubs, with Berlin known for its diverse startup scene and London for its financial and tech sectors. Common challenges include access to capital, cultural attitudes towards risk, and regulatory constraints. The review emphasizes the importance of collaboration, networking, and supportive regulatory environments in fostering entrepreneurial growth. It also discusses the potential for cross-cultural collaboration and the role of global interconnectedness in shaping the future of entrepreneurial ecosystems. The conclusion calls for continued research, collaboration, and policy development to enhance the resilience and competitiveness of entrepreneurial ecosystems globally.
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[slides and audio] ENTREPRENEURIAL ECOSYSTEMS IN THE USA%3A A COMPARATIVE REVIEW WITH EUROPEAN MODELS