- City-level ecosystems are best positioned to foster tech startups, especially early- stage ventures. Ecosystems should play an active role in startup enablement, talent development, and urban place-making.
- Tech startups benefit from local support provided by startup incubators and accelerators, funding from personal and professional networks, research insights produced by universities, incentives from local government agencies, and business relationships with clients.
- Recruiting and retaining quality talent is key for startups because of the “money-follows-talent” principle. Tech startups require a diverse set of talent.
- While remote work has become mainstream, startups often recruit from within their personal networks and rely on face- to-face interaction to build trust and commitment.
- Startup talent is nurtured through a variety of channels: (i) the education system, notably universities; (ii) incubators and accelerators; (iii) within the startups themselves; and (iv) experience gained from working in other firms
Research Area
National
Research Topic
Keywords
tech startup
digital talent development
decentralization
tech startup ecosystem
Publication Type
Briefs
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