Evaluating entrepreneurship ecosystem at different phases of entrepreneurship activity

Abstract

The entrepreneurship ecosystem plays a key role in achieving global competitiveness. This paper aims to analyze entrepreneurship ecosystem in different phases of entrepreneurial activities in achieving global competitiveness. The GEM model is used to analyze the entrepreneurship ecosystem for Indonesian entrepreneurs in 2015-2017. The entrepreneurs' activities were classified into three phases, namely nascent, new business, and established business. Meanwhile, the entrepreneurship ecosystem is defined into factors of entrepreneurial framework conditions. The result shows that there are different conditions faced by the entrepreneurs at different phases. All entrepreneurs need firm and definite regulations to support their business. Innovation or research and development (R&D) transfer is not very important for nascent entrepreneurs, but it is one of the most important factors for new and established businesses. The competitiveness and the strategies to win the competition are more important for those who have been operating the business for more than 3 months.