The Entrepreneurial Ecosystem Entrepreneurial Mindset and Societal Values

The Entrepreneurial Ecosystem Entrepreneurial Mind-set and Societal Values. A University of Wolverhampton Model & Toolkit. Nigel J Birch

Topics • The Eco-System • The Entrepreneurial University • Innovation Cycle • Social values • University of Wolverhampton Toolkit

Entrepreneurial Ecosystem Leadership and Government Early Customers Networks Financial Capital Labour Educational Institutions Success Stories Social Norms New Governmental Institutions Support Professions Infrastructure

The Entrepreneurial University • Provide opportunities, practices, culture and environments that are conducive to the activity of entrepreneurship. Undertakes an orientation towards the concept of the entrepreneur • Is not a University with courses aimed at entrepreneurs

The Entrepreneurial University • Competitiveness of a territory is dependant upon its environment one that supports risktaking and innovation • Culture, technology, absorptive capacity and mind-set must be viewed holistically if we wish to generate integrated models

The Triple Helix • Connects a reciprocal relationship between public, private and academic entities that can be formalised and specified at different moments of the knowledge capitalisation process Etzkowitz &Leydesdoff 1997

Knowledge Flows • Overlapping spheres through organizational linkage • Universities undertake entrepreneurial tasks • Companies develop an academic dimension

Triple helix

Management of the innovation cycle • Development of clusters • Multifaceted approach • Knowledge and technology exchange

Innovation

Entrepreneurial Ecosystem. Policy Vision Consistency Finance Leadership Entrepreneurship University of Wolverhampton toolkit Wealth

Social Values

Social Values • More than ever Universities take a notable social and economic function in the progress of society and the economy • Socioeconomic changes place Universities as the driving force behind innovation, entrepreneurship and territorial development

Toolkit Knowledge Exchange

University of Wolverhampton toolkit • Developing the capacity to transform knowledge into value • Systems approach to innovation • Develop cluster groups • Build and embed capability • Provoke entrepreneurs

What is Entrepreneurial Mind set ? ? ? Calculated risk taker Innovative Competitive Self-confident Creative Problem solving skills Vision Strong drive to achieve Demanding oal-oriented behaviour G Tolerance for failure Tolerance for ambiguity Persistence H ighly reliable

Mind set • Entreprenership is not business management • Entreprenership can be enhanced and developed through education and training • A considered eco-system is essential for the development of entrepeneurs

Active Knowledge exchange • India- High value manufacturing supply chain development • Fulfilment of a vision for the State of Karnataka, India. • Management of multi providers in the development of aerospace clusters for supply chain development

Advantage Karnataka • 10 year programme to make Karnataka “ The gateway to Global Aerospace” Bottom up/top down approach 10 billion USD investment that needs to be attracted to the region. Knowledge Exchange is a key driver in this investment.

Nigeria • University of Maiduguri programme Capacity Building