Billion dollar startups are emerging faster and faster. Given innovative startups’ critical role in the information economy, the importance of healthy startup ecosystems only stands to increase in the future.
This being this the reason why local, regional and national governments across the world are establishing programs to support tech entrepreneurs in an effort to stimulate economic growth and job creation.
One quite common starting point to connect, support and grow a startup ecosystem is by mapping it in order to know what is going on in the startup ecosystem, who are doing what and why, where and when are things happening or how different parties can “get in on it”.
However, usually in this type of cases there’s an important speed gap between the showcased information and real startup ecosystem activity that generally becomes into outdated and inaccurate information for all user roles within the startup ecosystem, generating a lot of frustration.
The main reasons behind that result are:
- Big effort to collect information (ie not all information is up to date, easy to find or publicly available to do proper mapping)
- Maintaining the correctness of the information and also to improve the quality of the information (ie. about changing programs and their availability, events and event overlaps, funding applications and requirements, services and whom those are targeted for, new startups born and existing making their pivots, new talents, etc.)
Therefore, the level of maintaining the basic information and improving quality and completeness of the information becomes “continuous effort to sustain”, so more systematic and sustainable solution is eventually needed.
Countries like Vietnam are implementing digital backbone to digitally connect and visualize Vietnam startup ecosystem functions to stimulate further innovation in its emerging tech scene with the objective to collect, maintain, distribute, showcase and use vietnamese startup ecosystem information on real-time to benefit all parties involved.
This Digital Ecosystem Infrastructure solution has the architecture to connect these manual mapping efforts with systematic approach to get primary measurable data from the startup ecosystem and one key component connected to this digital infrastructure via API’s is the ecosystem view module that can showcase all the information and resources of cities’ digital economy in one place, visualising the pulse of startup ecosystem functions by startup development phase, location, industry, time, etc. helping people and startups find the right services and connections at the right time and also helping public & private sector decision makers and service providers target their services to the specific needs of the startups and other ecosystem actors.