In order to intervene effectively, every country needs a better understanding of entrepreneurial ecosystem. Metrics can help to identify the strengths and weaknesses of entrepreneurial ecosystem and allow the benchmarking against other ecosystems. In order to use our entrepreneurship Framework we have UNCTAD’s compared it to other common used frameworks with relevant contextual factors that influence the new venture birth. The result was a similar characteristic of different frameworks. However, due to some difficulties in finding the appropriate and available data for a specific ecosystem, we find out various types of entrepreneurial ecosystem metrics and a diversity of approaches. There from, scientific researchers and some tools (index, international organizations (OECD, UNCTAD…) propose alternative metrics, priority for policymakers with a collaborative basis in order to themes…) measure the performance of the national or regional entrepreneurship ecosystem. UNCTAD indicators to measure effectiveness of Ecosystem Index Vogel (2013) entrepreneurship ecosystem (2012) Individual Formulating National Entrepreneurship Culture Strategy Personal wealth Number of formal startup created Work and life satisfaction Survival rate Share of total startups in target groups such as women, youth, rural Organization Job growth Organization performance Revenue generated and taxes paid Community Optimizing the Regulatory Environment Policy Number of procedures to open a Market Location business Number of days to start or close a Job creation business Infrastructure Number of days , cost to register a title Visibility to property Support Timeliness of dispute resolution Network mechanism Talent Funding Enhancing Entrepreneurship Education and Education Innovation Skills Development New venture Share of secondary schools offering entrepreneurship program Share of technical/vocational schools offering entrepreneurship programs Number of annual spin-offs from universities/ research programs Facilitating Technology Exchange and Innovation Share of graduates with science/ engineering degrees Number (and occupancy rates) of science parks, technology hubs and incubators Share of technology-intensive start-ups
In order to intervene effectively, every country needs a better understanding of entrepreneurial ecosystem. Metrics can help to identify the strengths and weaknesses of entrepreneurial ecosystem and allow the benchmarking against other ecosystems. In order to use our UNCTAD’s entrepreneurship Framework we have compared it to other common used frameworks with relevant contextual factors that influence the new venture birth. The result was a similar characteristic of different frameworks. However, due to some difficulties in finding the appropriate and available data for a specific ecosystem, we find out various types of entrepreneurial ecosystem metrics and a diversity of approaches. There from, scientific researchers and some international organizations (OECD, UNCTAD…) propose alternative tools (index, metrics, priority themes…) for policymakers with a collaborative basis in order to measure the performance of the national or regional entrepreneurship ecosystem. Ecosystem Index Vogel (2013) UNCTAD indicators to measure effectiveness of entrepreneurship ecosystem (2012) Individual Culture Personal wealth Work and life satisfaction Organization Organization performance Community Policy Market Location Job creation Infrastructure Visibility Support Network Talent Funding Education Innovation New venture Formulating National Entrepreneurship Strategy Number of formal startup created Survival rate Share of total startups in target groups such as women, youth, rural Job growth Revenue generated and taxes paid Optimizing the Regulatory Environment Number of procedures to open a business Number of days to start or close a business Number of days , cost to register a title to property Timeliness of dispute resolution mechanism Enhancing Entrepreneurship Education and Skills Development Share of secondary schools offering entrepreneurship program Share of technical/vocational schools offering entrepreneurship programs Number of annual spin-offs from universities/ research programs Facilitating Technology Exchange and Innovation Share of graduates with science/ engineering degrees Number (and occupancy rates) of science parks, technology hubs and incubators Share of technology-intensive start-ups