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City nursery

City nursery. Economia dell’innovazione 2013/14 A. Marra. Global cities. Technology Talent Tolerance Quality of Place

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City nursery

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  1. City nursery Economia dell’innovazione 2013/14 A. Marra

  2. Global cities • Technology • Talent • Tolerance • Quality of Place • The 3 Ts of regional economic development are leading indicators that reflect the potential for economic growth in a region. They are a useful analytical tool for regions to judge and benchmark themselves against peers. • It is not sufficient to focus on one T; success in the new economy requires that regions pay attention to all three as there is a strong co-dependence between them. • The rational for the 3Ts lies in what Richard Florida calls creative capital theory, the view that “regional economic growth is powered by creative people, who prefer places that are diverse, tolerant and open to new ideas”.

  3. Le economie di localizzazione • ECONOMIE ESTERNE ALLE IMPRESE ma INTERNE ALLE INDUSTRIE (economie di localizzazione) favoriscono, invece, la concentrazione nello stesso territorio di imprese e attività diverse sulla base dei seguenti vantaggi: • lo sfruttamento di un capitale fisso sociale localizzato (infrastrutture: porti, ferrovie, ecc.) o risorse naturali specifiche (un fiume) • l’indivisibilità nella fornitura di particolari beni e servizi (soglia minima di domanda): si può offrire un servizio solo a certi livelli … • effetti di sinergia (cultura professionale diffusa, know-how spillover, effetti d’immagine di mercato dei prodotti di un’area, ecc.) • Esse riguardano: • la possibilità di processi di SPECIALIZZAZIONE fra imprese all’interno del ciclo produttivo settoriale complessivo e l’instaurarsi di legami input/output fra le imprese stesse  minori costi, maggiore competitività(economie di tipo PECUNIARIO) • la riduzione dei costi di transazione all’interno dell’area e fra le diverse unità produttive, grazie alla prossimità e all’intensità dei rapporti faccia a faccia (economie TRANSAZIONALI)

  4. Le economie di localizzazione • la formazione di un bacino di manodopera specializzata e un’accumulazione localizzata di competenze tecniche attraverso processi di apprendimento collettivo (economie di APPRENDIMENTO) • la formazione di una serie di servizi che consentono una maggiore valorizzazione della produzione locale, nonché effetti sinergici sull’immagine di mercato dell’economia locale (economie di VALORIZZAZIONE) • la creazione di una cultura industriale diffusa, capace di orientare la scelta delle combinazioni tecnologiche e organizzative più efficienti e di determinare un processo innovativo più rapido(economie DINAMICHE)

  5. Global cities

  6. Top 10 Metro Areasfor High-Tech Startups, by Density: 1. Boulder, CO2. Fort Collins-Loveland, CO3. San Jose-Sunnyvale-Santa Clara, CA4. Cambridge-Newton-Framingham, MA5. Seattle, WA6. Denver, CO7. San Francisco, CA8. Washington-Arlington-Alexandria, DC-VA-MD9. Colorado Springs, CO10. Cheyenne, WY

  7. City nursery

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  10. A downtwonphenomenon NEW YORK

  11. MARKET gives a sense of the market size and its dynamism. A large, growing and rich market is more motivating for entrepreneurs and investors. If a market is growing but not large enough for a tech startup, investors and entrepreneurs might stick to real estate and traditional industries. After trying various criteria, the one that seemed to matter the most was simply GDP, enhanced by access to other markets. CAPITAL is about the availability of funding at different stages, from angels, VCs, government. Investment also requires potential for exits in the form of IPO or M&As. Without good exit opportunities, entrepreneurs and funding will turn away from the opening of the funnel. PEOPLE cover the individuals starting, joining and guiding startup companies. Even the most amazing entrepreneur needs a team and guidance. Without support, risk-takers might gradually abandon their pursuits. After a few exchanges and reviews, I decided to add a criterion that might be controversial: English communication skills. While it might not matter for local business, it is massively important for global expansion. There is no arguing that English is today the lingua franca of international business. It is also the language used in Silicon Valley where many technologies and best practices are pioneered. CULTURE focuses on “Entrepreneurial Culture”. It includes the image and general acceptance of risk and failure. Self-promotion skills and general “hunger” are also included there, as founders are often the first salespeople to investors and clients. Very few countries can rival the US regarding those. Countries with fast growth offer more opportunities, while stable or declining economies tend to favor safe options. INFRASTRUCTURE refers to networks of people and internet/mobile infra. It also takes into account the infrastructure in terms of logistics / transportation / traffic. This is massively important for e-commerce but also to conduct regular business as it impacts the movement of goods and people. Good infrastructure helps get things done faster. REGULATIONS are the realm of government action. Ease of incorporation and low cost of compliance help getting started, skilled immigration can balance a limited local talent pool; flexible labor laws make it easier to deal with the uncertainty of startups.

  12. Nascent Entrepreneurship Rate Percentage of 18-64 population who are currently a nascent entrepreneur, i.e., actively involved in setting up a business they will own or co-own; this business has not paid salaries, wages, or any other payments to the owners for more than three months

  13. Improvement-Driven Opportunity Entrepreneurial Activity: Relative Prevalence Percentage of those involved in TEA who (i) claim to be driven by opportunity as opposed to finding no other option for work; and (ii) who indicate the main driver for being involved in this opportunity is being independent or increasing their income, rather than just maintaining their income

  14. Growth Expectation early-stage Entrepreneurial Activity: Relative Prevalence Percentage of TEA who expect to employ at least five employees five years from now

  15. Perceived Opportunities Percentage of 18-64 who see good opportunities to start a firm in the area where they live

  16. Fear of Failure Rate Percentage of 18-64 population with positive perceived opportunities who indicate that fear of failure would prevent them from setting up a business

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