Defining networks in entrepreneurial ecosystems: the openness of ecosystems

Abstract The paper draws on network theory to employ concepts of homophily and heterophily investigate whether the presence familiar, unfamiliar or a mix actors in an entrepreneurial ecosystem is related start-up rates. empirical focus this study 81 UK university ecosystems their outputs terms academic spinoff companies. finds that with access predominantly heterophilious character are associated higher It concluded stimulating development successful there clear need openness actors, inclusive other ecosystems. This especially important context lock-in may arise from dependence homophilious ties. Plain English Summary Entrepreneurial characterised by diverse generate more firms, as shown focusing studies Specifically, it focuses familiarity inspecting greater venture formations. In so doing, examines ventures having character, drawing attention ecosystems’ networks. key implication recognising link between ecosystem’s its performance.