Gustavo Álvarez outlined the key to development of thriving entrepreneurial ecosystems through a structure designed by Techstarts, which examines clusters of entrepreneurship support systems from Silicon Valley to London and elsewhere in the world.
The structure designed by Techstars has five pillars, including: the talent community, density, cultural aspects such as risk aversion, capital and regulatory environment, and the latter can facilitate or hinder the development of these ecosystems, says Álvarez. These pillars will help generate workplace ideeas that could then help develope entrepreneurial ecosystems.
In conclusion, large corporations and governments seek to encourage entreprneurship and create stronger ecosystems, but the processes are isolated and not often integrated into the community. Techstars is working to generate this integration, and help create entities that work together to generate an healthier entrepreneurial ecosystem and make a real impact on the community.