MIT start-ups ecosystem and Greek start ups reality: an ecosystem comparison

Abstract

The study examines and compares the Entrepreneurship and Start-Ups ecosystems of MIT and Greece. Despite the major differences in size and maturity, the studies identify key difference between MIT and Ecosystems, especially in terms of a deeper understanding of entrepreneurial education and its value in identifying and successfully pursue business opportunities. Other key differences between MIT and Greek Start Up Ecosystem approach include early finance opportunities, the number of founders and serial entrepreneurship; start-uppers who continue in establishing new ventures, fully exploiting their network, knowledge and experiences. These differences can have significant impact in the future survival and success of the start-up companies. Furthermore, the basic economic foundations are also very different: MIT excels in Entrepreneurship educations and is one of the most effective ecosystems for innovation and start-up companies worldwide. Greece, on the other hand is an economy and society struggling to survive from a decade of economic decline. The Greek start up ecosystem evolved during the last 10 years, however both the economy as a whole and Start-Up ecosystem, as well as start-up companies have a lot to learn from a comparison with MIT Innovation and Start-Ups ecosystems.