Entrepreneurship in smart cities: elements of start-up ecosystem

Abstract

Purpose The cities are distinctly engine of economic growth, which depends upon speed at which innovations are brought out and trigger entrepreneurship. Smart city initiatives are one of the opportunities to unleash innovation and entrepreneurship in developing countries like India. Entrepreneurial ecosystem research in smart cities is still in its nascent phase. Therefore, the study aims to bring out elements for a start-up ecosystem to promote entrepreneurship in smart cities. Design/methodology/approach Focus group discussion has been applied to gain a variety of insights and opinion from selected participants with diverse expertise. Findings The study proposes a framework for developing a start-up ecosystem in smart city. The findings suggest the technology infrastructure along with the elements of start-up framework as knowledge hub, public policy, entrepreneurship and city economy. Research limitations/implications The study does not show the impact of smart city strategies over an extended period. Practical implications A robust entrepreneurial framework usually impact on utilization of technologies for economic activities and regional development. The innovators, policymakers, city administrators, entrepreneurs, venture capitalists and various stakeholders in society will get benefit from the outcomes of this study. Social implications The evolution of smart cities is a social initiative with various stakeholders –such as governments, residents, businesses and entrepreneurs. The creation of start-up ecosystem in smart cities requires several levels of interventions such as new programs and institutional reforms. Originality/value The research explores pillars and constituents that describe a start-up ecosystem in smart cities and nurtures a collaborative culture of innovations and entrepreneurship.