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

Matthias Deschryvere, Younghwan Kim

Research output: Contribution to journalArticleScientificpeer-review

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

Fingerprint

Korea
Start-ups
Finland
Ecosystem
Comparative study
Empirical evidence
Innovation
South Korea
Survey data
Board of directors

Keywords

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

Cite this

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The role of ecosystems for start-ups: A comparative study between Korea and Finland. / Deschryvere, Matthias; Kim, Younghwan.

In: STI Policy Review, Vol. 7, No. 2, 2016, p. 35-59.

Research output: Contribution to journalArticleScientificpeer-review

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