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Every successful business, every private sector employer, begins as a startup company where an idea became a viable product that birthed a new business which gained traction in the open market and now gives back to the community. The question for local policymakers is whether to passively wait for a spontaneous occurrence – for a lightning bolt of inspiration to strike or a startup unicorn to wander into town – or be proactive and cultivate an environment for innovation where the flow of people, ideas, applications, commercialization and reinvestment aligns into a sustainable, virtuous cycle.
In this report, you’ll see how two Intelligent Communities foster a local ecosystem of private-sector innovation by facilitating startup culture.