[The 2nd YVIP GLOBAL Conference] Entrepreneurial Ecosystem


2018.12.14. All Day Event


Session은 Entrepreneurial Ecosystem in Silicon Valley, China, Germany, Korea으로 구성되었습니다. 글로벌 혁신 네트워크 관점에서라도 한국 기업이 변해야 할 시점이다.

국가, 정부의 역할, 경제 혁신과 사회 변화, 혁신 및 창업 생태계를 우리나라 미래를 위해 제도적 뒷받침이 필요할 때이다.

SESSION 1 Entrepreneurial Ecosystem in Silicon Valley


William Barnett – Stanford Graduate School of Business

<The Nonconsensus Entrepreneur: Where Great Organizations Come From>

People are good at “retrospectively rationalizing” (e.g. ‘connecting the dots’)

Consensus vs. non-consensus ideas

  • Retrospective rationalizing only gives consensus

Failure is the price of genius

Consensus paradox – greatness resulting from being non-consensus

“Leading by design” – system to discover what’s next

  • Deviant ideas (in relation to non-consensus ideas)



SESSION 2 Entrepreneurial Ecosystem in China


Xudong Gao – Tsinghua University

<Entrepreneurship in Technology Intensive Industries in China: A System Perspective>


A system prespective; similar to Porter’s Diamond Model

Number of patents: quality may be lower, but massive magnitude

Local government policy matters

  • Case of Shenzhen (3 months in Silicon Valley; 10 days in Shenzhen)


Sung Joo Bae – Yonsei School of Business

R&D spending comparison table: Korea #1 in terms of spending per GDP

Mostly government driven funding (e.g. semiconductor, shipbuilding, etc.)

Reverse technological evolution: selection-variation-retention

Takeaways: 1) size matters 2) go abroad


An entrepreneurial ecosystem or entrepreneurship ecosystem is the social and economic environment affecting the local or regional entrepreneurship. Businesses located within places serving as incubators for creativity, innovation, and entrepreneurship have a greater chance of success. Almost all of the globally successful company formations of the last decades, such as Apple, Yahoo, Google and Facebook were located in one of only two startup ecosystems in the USA – Silicon Valley and Boston.

In recent years these tech entrepreneurship ecosystems have been duplicated all over the world and can be : in the USA, New York, Chicago, Austin, and Seattle; and globally, Tel Aviv, Singapore, London, and Berlin.

It can also be a group of companies, including start-ups, and one or more coordination entities, which share similar goals and decide to form a network or organization in order to explore economies of scale combined with flexibility and entrepreneurial “drive”. Economies of scale can be explored in business functions such as business development, financing, market analysis, marketing communications, IT / MIS infrastructure, human capital management, legal support, financial & accounting management while each participating start-up focuses to research & development, product Management, sales & pre-sales / after-sales support.


Startup Ecosystem – following the financial downturn of 2008 and the long lasting slow growth period, there have been increasing focus towards fostering more startup company creation around the world to further target regional support efforts towards those type of companies that have higher innovation, growth and job creation potential. This has also led to an increasing focus on startup ecosystem development.

University-based Entrepreneurship Ecosystem – Entrepreneurship thrives in ecosystems in which multiple stakeholders play key roles. Academic institutions are central in shaping young people’s attitudes, skills and behaviours. However, actors outside of the education systems play an increasingly critical role in working with formal and informal educational programmes as well as reaching out to underserved and socially excluded targets groups. This requires collaboration and multistakeholder partnerships. Entrepreneurship ecosystems commonly refer to academic programs within a university that focus on the development of student/graduate entrepreneurs and/or the commercialization of technology or intellectual property developed at the university level.

Business cluster – A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field.