This is a guide to understanding entrepreneurial ecosystems: what they are, why they matter, and to whom they matter. Ben Spigel explores this popular new theory of economic development, locating the intellectual roots of ecosystems, explaining the practices and processes that allow ecosystems to support the creation and growth of innovative entrepreneurial firms.Investigating why some places are able to support innovative, high-growth entrepreneurship while others cannot, this book looks at the characteristics of entrepreneurial places in both developed and developing countries to identify the role of factors such as culture, social networks and economic history. Going beyond just the different combinations of different people and factors of a place, Spigel explores the social and economic processes such as learning and entrepreneurial recycling that power how ecosystems develop and influence high-growth venture creation.Entrepreneurship and economic geography scholars will appreciate the strong theoretical exploration of this new approach to understanding entrepreneurship. It will also be a helpful read for public officials, policy makers, and ecosystems builders looking to delve further into this prominent new concept in local economic development policy.
