2 ms·
Okay, I guess I should speak about this.. I am in the USA, state of Indiana, and the state government got together with a non-profit to set aside some $40 mill
by fredgrott 13y ago
Okay, I guess I should speak about this..
I am in the USA, state of Indiana, and the state government got together with a non-profit to set aside some $40 million of tax money to grow the Indiana startup community.
Only problem, or one of them, is their ignoring the out-flows in that at least for Indiana we have a large outflow of graduating STEM. And of course those that do not leave are saddled with debts.
Of course you can get around these obstacles by analyzing what 'small' startups can be done via hackathons etc by creating a communit/workspace environment where those things are exchanged.
Compared to say Chicago:
Chicago
$1 Billion invested in new startups 2013
$2 billion in M&A in startups 2013
Indiana
Not even $100 Million in either category
In other years Indiana was spearheading biomedical startups centered around IU and Purdue ot keep their Medical grads with STEM home based.
Can anyplace really do the duplication of Silicon Valley as piecemeal?
- mbesto 13y ago> Can anyplace really do the duplication of Silicon Valley as piecemeal? Categorically the answer is a simple "no". Most of these government sponsored programs are attempts to "inject" life into a system that has basically nothing. AFAIK, there isn't anywhere in the world where this has successfully worked. SV is SV purely because of capitalism. Interesting discussion on this: http://steveblank.com/2014/01/20/bigger-in-bend-building-a-regional-startup-cluster-part-1-of-3/ http://steveblank.com/2014/01/20/bigger-in-bend-building-a-r...