As federal governments around the world increasingly explore how national policy can help the country’s economy, it is important that we not lose sight of local efforts that have the potential to be replicated on a larger scale. With four of the top five startup ecosystems in the world, according to the Compass 2015 Startup Ecosystem Report, U.S. cities are still at the forefront of experimenting with new policies and programs.
Earlier this year, the Kauffman Foundation released its Guidelines for Local and State Governments to Promote Entrepreneurship, encouraging policymakers to avoid approaches like public venture funds and traditional incubators. Rather, it suggested a focus on fostering connections and learning, while also addressing regulatory issues.
