Kovács Á., Lévai I., Nagy H. Creation Experience of Startup Campuses in Major Regions (North America, Far East, Australia and Europe)

Áron Kovács
Milton Friedman University, Budapest, Hungary

Imre Lévai

Milton Friedman University, Budapest, Hungary

Henrietta Nagy

Milton Friedman University, Budapest, Hungary

Abstract. Startup campuses are a gathering place for local startups. On the one hand, they bring together innovative startups, and on the other hand, they offer solutions for international market entry through various incubator programmes, investment services, training networks, education, extensive networking capital, and mentoring. Startup campuses should be seen as a 21 st century combination of decentralised incubators, accelerators, and business angels. The world’s leading startup and innovation campuses recognise the need to build the right environment and ecosystem for startups to grow quickly and efficiently. Among the startup campus ecosystems, the US Silicon Valley stands out, home to seven of the world’s top ten startups. Currently, five large startup ecosystems (New York, London, Beijing, Boston, and Shanghai) have the best business development capabilities, and two are trying to catch up (Los Angeles and Tel Aviv). Among startup ecosystems, the US leads the race by a significant margin, but European startup campuses are also growing steadily, while South American startup incubators are lagging behind. The study seeks to find out what services startup campuses provide in different regions, what their main activities are, and how successful they are. The topic is also important because startups most often respond to broad societal problems, such as access to basic services at affordable prices, reducing poverty and inequality, and increasing diversity and inclusiveness. On environmental issues, the most common targets are improving food supply and security, clean energy, climate change solutions, water, and sanitation.
Key words: startup, campus, capital investment, venture capital, incubators, accelerators, business angels, Silicon Valley, ecosystem, development.

Citation. Kovács Á., Lévai I., Nagy H., 2023. Creation Experience of Startup Campuses in Major Regions (North America, Far East, Australia and Europe). Regionalnaya ekonomika. Yug Rossii [Regional Economy. South of Russia], vol. 11, no. 2, pp. 4-15. DOI: https://doi.org/10.15688/re.volsu.2023.2.1

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