Around the world, people study the Silicon Valley innovation ecosystem to try and understand how they can re-create its secret sauce to stimulate innovation, entrepreneurship and economic development and growth in their own region or country.
It’s not just about putting up incubators and accelerators, and providing some services to the startups. A lot of it is about culture and collaboration. As many who have visited Silicon Valley extensively have learned, there is a strong ‘pay-it-forward’ culture. That’s well explained in a recent article by Steve Blank, an adjunct professor at Stanford University who currently teaches entrepreneurship at U.C. Berkeley-Haas Business School, Columbia University, and Stanford University.
