We are delighted to launch the Bocconi Assembly for Innovation and Cooperation (BAIC) Webinar Series, following last year's successful BAIC conference. In the face of geopolitical changes, societal and environmental concerns, shifting industry boundaries, evolving technological ecosystems, increasing uncertainty, and competitive pressures, the aim of the Assembly is to serve as a forum for discussing and exchanging new ideas and developing a research agenda on innovation and cooperation. A changing reality demands new insights. With the assembly meeting and this seminar series involving leading scholars in the field of management, we aspire to advance this agenda and promote research projects that facilitate our understanding of these fundamental drivers of economic growth and prosperity.
We have an exceptional line-up of confirmed speakers scheduled over the next couple of months, including Scott Stern (MIT), Nick Bloom (Stanford), Enrico Moretti (Berkeley), Peter Cappelli (Wharton), Rebecca Henderson (Harvard), Russ Coff (Wisconsin), and Ranjay Gulati (Harvard). Further details are available on our website.
We start the series with Professor Scott Stern on Thursday 21 May at 4pm (CEST)/10am (EDT).
Scott will be presenting his research, "The Startup Cartography Project: Measuring and Mapping Entrepreneurial Ecosystems", co-authored with RJ Andrews (Info We Trust), Catherine Fazio (Boston University Questrom), Jorge Guzman (Columbia Business School), and Yupeng Liu (Columbia University). Scott's bio and webinar abstract are detailed below.
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Scott Stern is the David Sarnoff Professor of Management and Chair of the Technological Innovation, Entrepreneurship, and Strategic Management Group at the MIT Sloan School of Management. He explores how innovation and entrepreneurship differ from more traditional economic activities, and the consequences of these differences for strategy and policy. His research in the economics of innovation and entrepreneurship focuses on entrepreneurial strategy, innovation-driven entrepreneurial ecosystems, and innovation policy and management. Recent studies include the impact of clusters on entrepreneurship, the role of institutions in shaping the accumulation of scientific and technical knowledge, and the drivers and consequences of entrepreneurial strategy.
The paper presents the Startup Cartography Project, which offers a new set of entrepreneurial ecosystem statistics for the United States from 1988-2016. The SCP combines state-level business registration records with a predictive analytics approach to estimate the probability of "extreme" growth (IPO or high-value acquisition) at or near the time of founding for the population of newly-registered firms. The results highlight the ability of predictive analytics to identify high-potential start-ups at founding (using a variety of different approaches and measures). The SCP then leverages estimates of entrepreneurial quality to develop four entrepreneurial ecosystem statistics, including the rate of start-up formation, average entrepreneurial quality, the quality-adjusted quantity of entrepreneurship, and the entrepreneurial ecosystem performance associated with a given start-up "cohort." These statistics offer sharp insight into patterns of regional entrepreneurship, the correlation of quality (but not quantity) with subsequent regional economic growth and the evolution of entrepreneurial ecosystems over time. The SCP includes both a public-access dataset at the state, MSA, county, and zip code level, as well as an interactive map, the U.S. Startup Map, that allows academic and policy users to assess entrepreneurial ecosystems at an arbitrary level of granularity (from the level of states down to individual street addresses).
We hope you can join us for this and other webinars in this series.
Pedro Aceves and Tracy Anderson