Roles and functions in innovation ecosystems

Roles

  • Accelerator / incubator programs
  • Chamber of Commerce
  • Connections and virtual hubs
  • Coworking spaces
  • Economic development bodies
  • Education and support organisations
  • Government: Federal
  • Government: Local
  • Government: State
  • Hackathon programs
  • Hackerspace / Makerspace
  • High schools
  • Industry / technology communities
  • Industry associations and peak bodies
  • Innovation hubs
  • Investment / Capital
  • Large corporations and multi-nationals
  • Local retail
  • Media
  • NGOs and Community Groups
  • Other education providers (tafe, training)
  • Place-based research
  • Research collaborations
  • School entrepreneur / STEAM programs
  • Service providers
  • Startup community advocacy bodies
  • Startup digital platforms
  • Startup entrepreneurs
  • Universities

Functions

  • Advocacy: Advocating on behalf of startups and early-stage entrepreneurs
  • Amenities: Local support system that improves the overall lifestyle, such as tourism and food retail.
  • Build the ecosystem: Building and bringing together the roles and support network and system of investors, entrepreneurs, hubs, programs, etc.
  • Capital: Providing investment and funding.
  • Community: Bringing together communities of practice around entrepreneurial, industry, and technical groups.
  • Create culture: Building the entrepreneurial culture as compared to traditional service-based and salary focused mindsets.
  • Customers and Markets: Access to customers, markets, and supply chains for new entrepreneurial products and services.
  • Entrepreneurial support: Content and support specific to entrepreneurial capability and capacity, such as mindset or rapid growth and scale.
  • Industry support: Content and support specific to industry sectors such as agriculture or resources.
  • Infrastructure: Provision of effective transportation, logistics, and internet that can support entrepreneurs focused on global markets.
  • Local impact: Emphasis on applying entrepreneurial focus on local challenges and opportunities, in addition to identifying opportunities for application in similar challenges in other regions.
  • Marketing and promotion: Getting the word out about the local entrepreneur through case studies, awards programs, and other promotional activities.
  • Mentors: Individuals who can provide technical, business, industry, and personal coaching support.
  • Networks: Access to networks not otherwise available, sponsoring the entrepreneur into new circles through introductions and acting as a “boundary spanner” across geographic, industry, technical, and socio-economic class circles.
  • Personal development: Support for developing new skills and overall mental health towards an entrepreneurial mindset.
  • Policy: Developing policy related to entrepreneurial activities, indicated by ease of starting a business, procurement with large institutions, and development and trial of new technologies.
  • Research: Developing new technologies that can be accessed by entrepreneurs for shared IP from commercialisation.
  • Space: Physical space from which to work that is accessible by entrepreneurs, typically similar to a coworking space with short term or day by day access and inherent community and collaboration opportunities.
  • Technical support: Support for technical skills and people with technical skills required for the entrepreneur’s business.
  • Youth entrepreneurs: Emphasis on developing entrepreneurial capability in young people.

Roles and functions: An asset mapping process

The role of the innovation hub in building community resilience

Feedback welcome

--

--

--

American & Australian, playing in the cross-section of people, business and digital, with a passion for discovering how we all tick

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Tiffany Miller of Risk Twenty Two: “Don’t Just Be A Leader, Be A Teacher!”

Long live product teams!

How loyal are you to what you love?

Entrepreneurship Is An Innovation

Tech startup venture capital funding Pakistan landscape. 2017 year in review.

Four things that every business must know and track

Gig Wage Customer Spotlight: Hidrent

First do no harm.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Chad Renando

Chad Renando

American & Australian, playing in the cross-section of people, business and digital, with a passion for discovering how we all tick

More from Medium

3 Rules for Blockchain Adoption in Business

Asquire Global Financial Solutions Partner’s App, A B2B Product Design Case Study

The game of SuperApps and the Determinants of “To be winners”

Talking Shop: 10 Questions with Daysie Founder Tara Pate