Part of:

Funding and Resources

Method

Activate your local entrepreneurial ecosystem

This model and tool were designed with historic urban areas in mind. But there are ideas you can apply to help you tap into other entrepreneurial ecosystems too.

HUB-IN toolkit

  1. Understand the state of play
  2. Prepare to set up your hub of innovation (HUB)
  3. Set up and launch your HUB
  4. Test and grow

Entrepreneurial ecosystem quick scan tool

The tool is based on their entrepreneurial ecosystem (EE) framework, which breaks down the EE into a range of ‘ingredients’ and ‘arrangements’ that help foster innovation in historic urban areas:

  • heritage
  • physical and digital infrastructure
  • marketplace demand
  • support organisations
  • human resources
  • knowledge
  • leadership
  • finance
  • formal institutions
  • urban culture
  • entrepreneurial culture
  • networks

Using the tool will help you:

  • make use of existing strong relationships, and spot gaps where you need to make new relationships
  • identify existing strengths of the entrepreneurial ecosystem, and what you can do to improve things
  • find out how open people will be to getting involved with your HUB, and how they might want to work with you
  • understand the role of 3 possible approaches to regeneration initiatives: public, entrepreneurial and community

Further source reading

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