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The Achilles Heel of Startup Ecosystems

This is going to be BIG.

Across the world, various economic development organizations, government agencies, and non-profits are putting in admirable and well-intentioned efforts to develop startup ecosystems. This is exactly the wrong way to think about the economic opportunity presented by innovation.

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After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem

TechCrunch

It turns out that while later-stage investors, mostly international VC firms, grabbed headlines by writing immense checks, pre-seed and seed-stage investors were instrumental to the growth of the continent’s tech ecosystem. These are all indications of a growing ecosystem,” he added.

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The startup landscape has shifted dramatically: Accelerators must adapt or fade away

TechCrunch

Amid these turbulent times, the VC accelerator industry has emerged as a stalwart player. Factors such as remote work, offshore development, and the steadily growing labor pool of software engineers have enabled startups to hire additional engineering talent, adding yet another catalyst to this vibrant ecosystem.

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Detroit’s Monica Wheat Strengthens Startup Ecosystem with Equality and Inclusion

StartupNation

Today, Wheat is executive director and co-founder at Venture Catalysts in Detroit, a nonprofit venture and ecosystem development group, and lead of Backstage Capital’s Detroit Accelerator , a three-month program designed to give underrepresented founders the financial support they need to reach their next critical milestone.

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Co-Creation Hub’s edtech accelerator puts $15M towards African startups

TechCrunch

Africa’s largest innovation hub Co-Creation Hub (CcHUB), is launching a $15 million accelerator program, dubbed The Edtech Fellowship Program, to back and support 72 startups across Nigeria and Kenya over the next three years, TechCrunch has learned.

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Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

TechCrunch

So they’re looking to diversify their investments with high-potential opportunities abroad. Investors should bring a local strategy that makes them an asset to Latin America’s startup ecosystem. VCs have more money than ever, and it’s getting increasingly expensive to invest in North America.

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6 VCs explain why embedded insurance isn’t the only hot opportunity in insurtech

TechCrunch

If you think embedded insurance is the only hot thing in insurtech these days, we’ve got a surprise in store for you: While it’s true that startups that help sell insurance together with other products and services are enjoying tailwinds, there are plenty of other opportunities in the space, several investors told TechCrunch+.