The entrepreneurship ecosystem strategy as new economic growth paradigm
The Entrepreneurship Ecosystem Strategy as a New Paradigm for Economic Policy:
Principles for Cultivating Entrepreneurship
Daniel Isenberg, Ph.D.
Professor of Management Practice, Babson Global
Executive Director, the Babson Entrepreneurship Ecosystem Project
May 11, 2011
I would like to propose a challenging and, I believe, extremely important thesis, namely, that we know enough about how entrepreneurship develops in the world to deliberately create the conditions so that there will be measurably more of it, and do so in a relatively short period of time, that is, years and not decades. Furthermore, we know enough about how to accomplish this XPRIZE-like challenge so that entrepreneurship will be relatively self-sustaining, self-generating. Finally, achieving this will generate tremendous amounts of economic and social benefit. To present this thesis I draw on decades of experience around the world, as well as my own as an entrepreneur, academic, venture capitalist, angel investor, government advisor (including playing a small role advising the White House’s StartUp America). I also lived in Israel for 22 years and participated in the miraculous entrepreneurial transformation of that society.