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THE GLOBAL SMART CITY KNOWLEDGE BASE

How start-ups transform cities

A study published by the World Bank explored the evolution of the start-up ecosystem in New York City in order to better understand the new model of start-up innovation ecosystems driven by the fourth industrial revolution and its economic impact. Four key characteristics have been identified as very important:

 

  • Urban ecosystems can create new business and foster growth
  • Urban ecosystems can generate “new” jobs
  • Urban ecosystems can attract resources for local innovation
  • Urban ecosystems can transform urban environments
World Bank

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