banner

These Midwest towns are starting to rival Silicon Valley


The key to strong entrepreneurial ecosystems is not just technology, research institutions, or capital. Instead, it’s the willingness of communities to create their own entrepreneurial cultures by connecting existing ingredients to form environments that spawn businesses in new and unexpected ways. These ecosystems start with local ingredients: talent, history, heritage, and custom, as well as local institutions. But what makes each ecosystem unique is the environment and the way the ingredients are mixed.

In an ecosystem, the mixing must be organic rather than planned. Ecosystems bring together people with a shared commitment to see what emerges. That’s why diversity is so important, because it enables a combining of skills, backgrounds, experiences and creativity that would not have happened otherwise.

– By Victor Hwang, special to CNBC.com. Mr. Hwang is vice president of entrepreneurship at the Ewing Marion Kauffman Foundation. Follow him on Twitter @rainforestbook

What's Your Reaction?
WTF! WTF!
0
WTF!
Cute Cute
0
Cute
Buzz Buzz
0
Buzz
LOL LOL
0
LOL
Geeky Geeky
0
Geeky
Win Win
0
Win
Angry Angry
0
Angry
Fail Fail
0
Fail
Love Love
0
Love

log in

reset password

Back to
log in