StartupBlink believes in the power of success stories and their psychological impact on creating an entrepreneurial mindset. The strength of startup ecosystems lies in the diverse range of projects and players, and, from now on, “Pantheon companies” as well.  Pantheons are both present and former unicorns that made a substantial impact on the international level.

Such companies revolutionized industries, inspired the creation of other projects and added to the local economies. Their success stories persist despite the fact that the company has no longer the same importance. In order to evaluate the power of location in Startup Ecosystem Rankings Report, we will take into account unique supernovas that stood the test of time and are continuing to influence the startup ecosystem in various ways.

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The governments and municipalities around the world are starting to understand that startup ecosystems are the new oil and it is the resource to invest in and create wealth. Public sector entities are starting off by putting tremendous amounts of money into startup ecosystem development. However, as we have learned working with dozens of governments and municipalities as part of Ecosystem Partnership program, they are committing a fundamental error.

First and foremost, thinking that enormous investments are the only thing that is needed to have a thriving startup ecosystem without any prior understanding of what works the best for different startup ecosystems and, most importantly plan or structure. Such information is critical and should include deep layered research on both, similar locations to yours and the past of your startup ecosystem. Nevertheless, it should be taken into account that every startup ecosystem is different and it changes according to regions. 

Continue reading Startup ecosystem development consulting →