The role of ecosystems for start-ups: A comparative study between Korea and Finland

Matthias Deschryvere, Younghwan Kim

    Research output: Contribution to journalArticle

    Abstract

    The strategic importance of innovation ecosystems has received increased attention from both the academic and policy perspectives. However, there is only limited empirical evidence on the importance of these ecosystems from the perspective of younger firms. This study focuses on the role of ecosystems for young innovative companies (YICs) and is based on a unique set of phone survey data from Finland and South Korea. The results are threefold: (1) Finnish YICs participate more actively in ecosystems than Korean YICs; (2) on average, Korean YICs report to have experienced lower ecosystem impact compared to Finnish YICs; (3) in both countries, key organizations of the ecosystems are represented on the board of directors in about one-third of the sample firms.
    Original languageEnglish
    Pages (from-to)35-59
    JournalSTI Policy Review
    Volume7
    Issue number2
    Publication statusPublished - 2016
    MoE publication typeA1 Journal article-refereed

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    Keywords

    • innovation ecosystem
    • start-up ecosystem
    • Finnish start-ups
    • Korean start-ups
    • ecosystem impact

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