Valencian Entrepreneurs Council (VEC) gathers all economic and innovation stakeholders involved in driving the regional Entrepreneurship Strategy.
During last decade the number of institutions providing support to entrepreneurs has grown with initiatives financed by different instruments and policies, at EU, national and regional level. By 2012 it was necessary to implement measures in order to improve the ecosystem's efficiency, reduce overlapping and promote specialization.
The main solution was the set up of Valencian Entrepreneurs Council (VEC) by Law 2/2012. This organism gathers all economic and innovation stakeholders involved in driving the regional Entrepreneurship Strategy.
The actions fostered by VEC have been:
1) Vision of the different types of entrepreneurship envisaged and set up of working groups on relevant topics (2015)
2) Decision to build an action plan until 2020 towards an innovative, diversified and efficient entrepreneurship ecosystem, starting with its mapping and SWOT analysis (2016)
3) Implementation of first strategic actions (2017):
4) Definition of a common set of indicators to measure activity and impact of the Entrepreneurs' Ecosystem at Regional Level
5) Development of an online platform for unique access to entrepreneurs to all service providers, generating a common entrepreneurs' register.
6) iEER action plan.
The main stakeholders of the practice are the members of VEC, as representatives of the public and private entities of Valencia Region's entrepreneurial ecosystem, and beneficiaries are all entrepreneurs and companies that require support.
This practice requires mainly human resources from the General Direction of Economy, Entrepreneurship and Cooperativism, as responsible for the coordination of the Valencian Entrepreneurs Council (VEC). Economic resources are also needed to launch public contracts.
Evidence of success
The practice has proved successful for the governance of Valencia Region's entrepreneurial ecosystem, improving coordination among its members. Some results achieved are:
1) Legal regulation and political commitment to foster Entrepreneurship policies.
2) Mapping and SWOT analysis of Valencia Entrepreneurship Ecosystem
3) Relation of agreed common indicators for measuring the efficiency of the ecosystem
4) Development of a regional Online Platform to provide support services
A difficult matter was the process to issue the legislative regulation for setting up the Committee. Another difficulty to face is the lack of coordination among public authorities promoting actions for entrepreneurship.
Potential for learning or transfer
As a governance practice it is not difficult to transfer, but obviously the potential for transfer depends on the political and administrative organisation of each region. It enhances public-private cooperation and commitment with entrepreneurship policies, and it is a useful instrument for guiding the regional strategy on this issue.
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