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In guiding organizations through the process of deploying Community Navigators (we often refer to them as Network Navigators), it’s been our experience this model can be successful in communities of all sizes—whether that’s impacting small towns like Klamath Falls or scaling to statewide initiatives in Kansas , Missouri , Wisconsin and Iowa.
The program aims to place significant financial resources into organizations that wish to be hubs or spokes of entrepreneurship support and ecosystem-building efforts in their communities—particularly those organizations with deep roots in targeting underserved communities. This is critical to long-term sustainability of these networks.
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As an emerging field that is challenging the status quo of entrepreneurship in economicdevelopment, ecosystem builders are bound to run into obstacles along the way which – if repeated and consistent – make us want to pull our hair out. The success of small/local business is incredibly vital for a sustainable economy.
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Fortunately, there are a wide range of organizations that specifically want to support you, not just the VC community. I worked with outsourced research firm Wonder * to identify all of the institutions we could who support tech impact startups with cash and community, and in many cases without dilution. Aspen Tech Policy Hub.
And yet, our economic policies espoused by governments and traditional economicdevelopment approaches continue to focus on attracting big businesses. It’s time for a radical rethink in how we do economicdevelopment. The research and evidence supporting the impact and value of startup community building is strong.
Indeed, many Canadians refer to Toronto as “east”’ despite there being 1,900 miles between Drake and The Weeknd’s hometown and St. Once lone rangers, Q1 Labs and Radian6 are now surrounded by thriving copycats in a self-sustaining ecosystem. If you’ve never thought of Atlantic Canada before, you’re not alone.
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