Long story short, the more a system is open and diverse the more it can foster innovation. This is one of the main findings of a new study published by Small Business Economics.
Focusing on 81 UK university entrepreneurial ecosystems, authors Daniel Prokop & Piers Thompson investigated whether the network character of actors in entrepreneurial ecosystems is associated with start-up rates.
They find that university entrepreneurial ecosystems that generate more ventures are associated with having a presence of actors of unfamiliar character.
In other words, the more open a network is and the higher the number of firms generated out of it.
Find out more here.