Ep 26: Startup Ecosystem Success Factors and Startup Genome

Lots of ideas for startup ecosystem builders to discuss, debate, adapt and adopt in the 2018 Startup Genome report. It's one of the few examinations of what world-class ecosystems look like and how to get there—and something that every ecosystem organization should read and consider. Some of the topics discussed on this episode: Local Connectedness: New in this year's report and a critical component of all strong ecosystems. We give a big thumbs up to the report's contention that "collisions" and events aren't enough to build a startup community. Subsectors: Startup Genome looks at the growth of "deep tech"—technology subsectors that are typically more research-heavy and attract older, more experienced and educated founders. They see these subsectors as an opportunity for smaller ecosystems to become leaders. We look at what they identify as the subsector strengths of Canada's ecosystems. Founder Mindset: Are there attitudes and traits that are more likely to lead to strong startup founders or business builders? Startup Genome has introduced a new factor that looks at what traits help founders succeed. And we look at why we still think the Startup Genome reports are must-reads even though we give little credence to their rankings—and why we worry that the Ontario government may be latching on to the wrong takeaways from these reports. Links: Startup Genome 2018 report Hockeystick database