1. Navigating the entrepreneurship support system.
Super-project.eu
Lecture 3

2. What is a support system? Ecosystems – supporting entrepreneurs
Contents
Aims for the session 1
What is a support system? 2
Ecosystems – supporting entrepreneurs 3
Summary 4

3. Aim for the session By the end of the session, students will:
Understand the concept of the entrepreneurship support ecosystem.
Understand what support is available within an ecosystem.
Understand how various support can assist in successful entrepreneurial activity

4. What is a support system?
..and why is it important for successful entrepreneurial activity?

5. What is a support system?
A support system is designed to support entrepreneurial activity in order to be successful.
A number of resources are available for entrepreneurial activities. Examples include:
Training and skills improvement,
Financial assistance
Business advice
Networking opportunities
Access to cutting edge knowledge etc…
This system of support is often referred to as an ‘ecosystem’ in the entrepreneurial context. It can be regional or national in scope.

6. Why is it important for successful entrepreneurial activity (1)?
Societal well-beiInstitutions, governments, business communities and societies recognise entrepreneurship as essential to;
Economic, Social and industrial development
Wealth creation ng
“Europe’s economic growth and jobs depend on its ability to support the growth of enterprises. Entrepreneurship creates new companies, opens up new markets, and nurtures new skills…” as the key to ignite growth…(and so our objective is to)…encourage people to become entrepreneurs and also make it easier for them to set up and grow their businesses”
(European Commission, 2016).

7. Why is it important for successful entrepreneurial activity (2)?
Developed entrepreneurial ecosystems in a particular region can both encourage and support regional entrepreneurial activity.
Neck et al (2004)

8. Elements of entrepreneurial ecosystems?

9. Elements of entrepreneurial ecosystems.
Public institutions and Initiatives
Regional level
National and local level
Business Incubators, accelerators & start-up labs
Industry and private support
Financial support systems
Internet resources
(SUPER project, 2017)

10. Public Institutions and Initiatives (Regional)
Resources/Benefits
Idea creation
Idea testing and feedback
Financial
Learning and skills development
Networks
Public Institutions and Initiatives:
European Union:
Erasmus for Young Entrepreneurs X
Entrepreneurship Education
Your Europe Business Portal
Enterprise Europe Network
SME Internationalisation Portal
Social Entrepreneurship Support Europe

11. Public Institutions and Initiatives (National and Local)
Resources/Benefit s
Idea creation
Idea testing and feedback
Financial
Learning and skills development
Networks
Public Institutions and Initiatives:
European Union:
Erasmus for Young Entrepreneurs X
Entrepreneurship Education
Your Europe Business Portal
Enterprise Europe Network
SME Internationalisatio n Portal
Social Entrepreneurship Support Europe

12. Incubators, accelerators and start-up labs
Resources/Benefits
Idea creation
Idea testing and feedback
Financial
Learning and skills development
Networks
Business incubators/accelerators and start-up labs
Business incubators/ accelerators/start-up labs X
Makerspaces

13. Industry and Private Support
Resources/Benefits
Idea creation
Idea testing and feedback
Financial
Learning and skills development
Networks
Industry and private support
Business Clubs, Guilds, Entrepreneurial networks X
Industry/trade fairs
Co-working spaces/managed work spaces

14. Idea testing and feedback Learning and skills development
Financial Support
Resources/Benefits
Idea creation
Idea testing and feedback
Financial
Learning and skills development
Networks
Financial support
Banks X
Business angels & VCs
Crowd funding

15. Idea testing and feedback Learning and skills development
Internet resources
Resources/Benefits
Idea creation
Idea testing and feedback
Financial
Learning and skills development
Networks
Internet resources
Internet resources (training courses, information about entrepreneurship) X
LinkedIn, Facebook, discussion forums

16. Summary
1) Ecosystems exist to support entrepreneurial activity. This because;
Entrepreneurship drives economic, social and industrial growth
Entrepreneurship creates wealth
Entrepreneurship contributes to societal wellbeing.
2) A range of support services and resources combine to create entrepreneurial support ecosystems at local, national and regional levels.
3) Each element of the entrepreneurial support ecosystem helps drive successful entrepreneurial activity in different ways.

17. Thank You !