Tuesday, April 13, 2010

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Can you reproduce Silicon Valley?

The SV is unique, it would be difficult or impossible to replicate elsewhere SV as it is much more than a set of high-tech companies and investors with deep pockets. The SV can not be cloned, but if you can develop an innovation economy sustainable success to emulate its success, this requires:
  • which regions exploit their own resources, talents and opportunities, and should focus on improving and selling the quality of life of the region and its business environment
  • have a high quality education system, strong links to universities and companies, access to ports, airports and highways
  • developing an enabling environment for entrepreneurs recognizing the achievements of entrepreneurs and them went not only in their failures
  • encourage young people to become entrepreneurs and teach them the skills to do so.
  • help develop broad social and professional networks to establish links between research universities, venture capitalists, entrepreneurs, scientists, etc.
  • help attract the best talent from around the world (creating facilities such as incubators and innovation parks around the universities to support companies in their creation and early stages)
  • invite angel investors and venture capitalists in the U.S. and Europe to forums and conferences where local startups to showcase their investment potential foreign investors
  • help develop angel networks investors in the region, which will encourage capital investment year local regional origin in the initial phase
  • develop venture capital funds and angel investors that combine public and private funding to support startups region with funds from local and regional origin
  • push for the creation nationwide technology stock market similar to NASDAQ , which would give new companies the opportunity to go to market

SV The success of such innovation economy is directly related with the way it has evolved as an innovation ecosystem healthy, flexible and resilient, adaptable, sustainable, and that they can be emulated by other regions.

Source: "The ecology of innovation", Tapan Munroe, PhD & Mark Wstwind, MPA

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