Thru my work for the French state I have interacted with staff — from France and other nations — on the matter of “attracting startups, and innovation.”
1/lots of buzzwords used in speeches, vanity metrics and numbers thrown around for the sake of promotion and ticking boxes.
One example is “numbers of startups”:
How can a state/city quantify the number of startups “they have” when technology — and talents — live beyond borders and startups have no nations. For instance, where is a startup from when they have 50 employees, 12 nationalities, entities in BVI, Singapore, the US, UK and France, that 30 of the 50 employees are remote and the rest split in 2 offices?
Also what’s a startup? Startups and agencies are often confused:
- an agency sells man-hours
- “a startup is an organization formed to search for a repeatable and scalable business model” – Steve Blank
I believe governments, in their roles of measuring the economy, could define qualitative and quantitative standards to measure the new economy.
2/ Defining competitive advantages for ecosystems
“Stop claiming you want to be a startup nation.” In the mainstream economy, countries have competitive advantage (economics 101), startup ecosystems should develop their own competitive advantage hedge too e.g. Shenzhen: Hardware manufacturing.
Find your competitive advantage, share you value proposition.