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 language | English |
|---|---|
| Pages (from-to) | 35-59 |
| Journal | STI Policy Review |
| Volume | 7 |
| Issue number | 2 |
| Publication status | Published - 2016 |
| MoE publication type | A1 Journal article-refereed |
Keywords
- innovation ecosystem
- start-up ecosystem
- Finnish start-ups
- Korean start-ups
- ecosystem impact