What’s your start-up business 30second elevator pitch Sierra Innovation Labs is a private limited company committed to design and develop solution to problems and the manufacturing and production of affordable and user friendly products/services that will help solve community problems, laying more emphasis on the sustainable development goals. We have recently design and developmed the … Read moreFranklyn Koroma- Udat Personal Security Device
The question is why in 2017, we lack all the elements of an ecosystem that support entrepreneurship.
An entrepreneurship ecosystem “refers to the elements – individuals, organizations or institutions – outside the individual entrepreneur that are conducive to, or inhibitive of, the choice of a person to become an entrepreneur, or the probabilities of his or her success following launch. (wiki)
To answer this question, one needs to define two forms of entrepreneurship; rent seeking entrepreneurship and value creating entrepreneurship. In particular, rent seeking provides a good explanation as to why we lack a basic ecosystem that supports entrepreneurship in Sierra Leone.