The Entrepreneurial Ecosystem
Entrepreneurial Mind-set and Societal Values.
A University of Wolverhampton Model & Toolkit.
Nigel J Birch
Topics
• The Eco-System
• The Entrepreneurial University
• Innovation Cycle
• Social values
• University of Wolverhampton Toolkit
Entrepreneurial Ecosystem
Leadership and Government
Early Customers
Networks
Financial Capital
Labour
Educational
Institutions
Success Stories
Social Norms
New Governmental
Institutions
Support Professions
Infrastructure
The Entrepreneurial University
• Provide opportunities, practices, culture and
environments that are conducive to the
activity of entrepreneurship. Undertakes an
orientation towards the concept of the
entrepreneur
• Is not a University with courses aimed at
entrepreneurs
The Entrepreneurial University
• Competitiveness of a territory is dependant
upon its environment one that supports risktaking and innovation
• Culture, technology, absorptive capacity
and mind-set must be viewed holistically if
we wish to generate integrated models
The Triple Helix
• Connects a reciprocal relationship between
public, private and academic entities that
can be formalised and specified at different
moments of the knowledge capitalisation
process
Etzkowitz &Leydesdoff 1997
Knowledge Flows
• Overlapping spheres through organizational
linkage
• Universities undertake entrepreneurial
tasks
• Companies develop an academic
dimension
Triple helix
Management of the innovation cycle
• Development of clusters
• Multifaceted approach
• Knowledge and technology exchange
Innovation
Entrepreneurial Ecosystem .
Policy
Vision
Consistency
Finance
Leadership
Entrepreneurship
University of
Wolverhampton
toolkit
Wealth
Social Values
Social Values
• More than ever Universities take a notable
social and economic function in the
progress of society and the economy
• Socioeconomic changes place Universities
as the driving force behind innovation,
entrepreneurship and territorial
development
Toolkit
Knowledge Exchange
University of Wolverhampton toolkit
• Developing the capacity to transform
knowledge into value
• Systems approach to innovation
• Develop cluster groups
• Build and embed capability
• Provoke entrepreneurs
What is Entrepreneurial Mind set ???
Calculated risk taker
Innovative
Competitive
Self-confident
Creative
Vision
Demanding
Problem solving skills
Strong drive to achieve
Goal-oriented behaviour
Tolerance for failure
Tolerance for ambiguity
Persistence
Highly reliable
Mind set
• Entreprenership is not business
management
• Entreprenership can be enhanced and
developed through education and training
• A considered eco-system is essential for
the development of entrepeneurs
Active Knowledge exchange
• India- High value manufacturing supply
chain development
• Fulfilment of a vision for the State of
Karnataka, India.
• Management of multi providers in the
development of aerospace clusters for
supply chain development
Advantage Karnataka
• 10 year programme to make Karnataka
“ The gateway to Global Aerospace”
Bottom up/top down approach
10 billion USD investment that needs to be
attracted to the region.
Knowledge Exchange is a key driver in this
investment .
Nigeria
• University of Maiduguri programme
Capacity Building