Specifics change, but the necessary conditions for success seem constant. For example:
- Great Ideas,
- Commitment,
- Community, and
- Infrastructure
"Europe has all the right ingredients – environment, talent, capital and role models - to build world beating technology businesses. It’s hard for young entrepreneurs to secure funding, develop the right connections and build teams to supercharge their business."
"So Europe is a few cycles in the entrepreneurial ecosystem
behind silicon valley, but if you are an opportunist that
should set off alarm bells."
From Seedcamp's blog.
Seedcamp itself identifies "venture side" criteria as applicable to Southern Illinois as they are to Romania.
NB: Seedcamp was influenced by the American venture work by Y Combinator. Note especially the emphasis upon early stage companies.
Quick summary at www.e-consultancy.com/
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