How to Build a Thriving Startup Ecosystem Anywhere
Around the world, entrepreneurs are ambidextrous with the aforementioned problem. In cities like Chicago, Barcelona, Nairobi, Tel Aviv, Mumbai, Singapore and Sydney, they’re aggravating to accouter the ability of the addition abridgement by architecture ecosystems of technologists, investors, industry assembly and more. But for abounding of these entrepreneurs, architecture an addition ecosystem is a difficult, diffuse and cher process, because they abridgement a bright compassionate of how such ecosystems work.
As a acknowledged administrator and a adept affiliate of Denver’s health-tech addition ecosystem, I’ve spent several years accommodating with clinicians, executives, administrators, patients, academics and policy-makers to reimagine healthcare.
During this time, I’ve articular bristles achieve that entrepreneurs from any industry can booty to body a advancing addition ecosystem aural their city.
1. Give your problems a voice.
Whether your industry is healthcare, accounts or agriculture, it’s got problems. And if they’re big enough, those problems can accommodate entrepreneurs with an befalling to use addition to break them. But for innovators to admit such an opportunity, they accept to apperceive what problems abide in your industry. You charge to accord your problems a voice.
In healthcare, there’s no curtailment of bodies who are accommodating to allocution about our industry’s careless spending, anachronous IT systems and abridgement of transparency. To affect the development of solutions to these problems, we consistently allure academics, advocates and policymakers to allege about them at our meetups and conferences.
2. Keep the beck of innovators flowing.
With addict and business abortion consistently chipping abroad at your ecosystem, it’s important to advance a abiding arrival of new members. One accepted way to achieve this is by captivation a hack-a-thon. Doing so will acquaint bodies from a array of backgrounds to the opportunities for addition aural your industry, and possibly alike affect a few of them to become the newest associates of your ecosystem.
In our health-tech addition ecosystem, the business architect frequently pits consecutive entrepreneurs adjoin abandoned problems like Alzheimer’s in an attack to affect the conception of startups committed to analytic these problems.
3. Encourage your ecosystem to assignment together.
Once your burghal has accomplished a analytical accumulation of innovators, acknowledging appearance of the addition abridgement like accelerators and incubators will accordingly appear. But until you can argue the altered apparatus of the addition abridgement in your burghal to assignment calm appear a accepted goal, you won’t accept a accurate addition ecosystem.
In Denver, brought calm the altered associates of our health-tech addition ecosystem by consistently convening them at account meetups, anniversary summits, and an anniversary angle competition. Doing so enabled our associates to get to apperceive one addition and to analyze opportunities to collaborate.
4. Appoint with accustomed organizations.
At this point, your addition ecosystem should activate to appoint with the above organizations in your industry. While addition ecosystems are abundant at developing new ideas, processes and technologies, they generally abridgement the accumulation chains, administration channels and absolute barter that accustomed companies possess.
By agreeable Kaiser Permanente, the American Diabetes Association (ADA), and Medical Group Management Association (MGMA) to participate in our health-tech addition ecosystem, we gave these organizations the adventitious to apprentice about acid bend innovations the moment they were actuality commercialized, while accouterment our associates with above affiliation opportunities.
5. Reach out to alternative ecosystems.
After anecdotic your industry’s problems, ensuring a constant beck of innovators into your ecosystem, auspicious its altered associates to assignment calm and agreeable with accustomed organizations, you’re accessible to alpha accommodating with alternative ecosystems. Doing so will betrayal your associates to new ideas, new processes, and new technologies that aloof ability transform how they access innovation.
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