Startup ecosystems are rather cultivated than created, they flourish on their own using existing research and knowledge base, capital, environments that are influenced by existing assets such as market opportunity, historic and cultural legacy, regulatory incentives, geographic location and perhaps most importantly, from existing firms with a high growth potential that have developed local solutions and have a deep knowledge of the local context and needs.
Silicon Valley is a global center for high technology, innovation, and social media. With a population of eight million people, Israel also has over 6,000 startups and attracts more risk capital per person than any other country in the world. Both entrepreneurial ecosystems were built on a knowledge base that required billions of dollars of government investment and a culture that was influenced by their local context.
The COVID-19 pandemic has forced a swift reassessment of how, where and when education should be delivered. Classes have migrated online as schools and universities across the world are having a hard time reopening, and the educational sector has been forced to adopt digital solutions in an unprecedented rate.