Keynote Boyd Cohen - Urban Entrepreneurship and Smart City 3.0 - Mindtrek 2016

Boyd Cohen, Ph.D. Professor of Entrepreneurship & SustainabilityEADA Business School, Barcelona

Sustainability

Cities Innovation/

Entrepreneurs

hip

Smart, Sustainable & Entrepreneurial Cities

Sustainable Entrepreneurship

Local & Regional Entrepreneurial Ecosystems

RESEARCH STREAMS

Pioneering Cities

BarcelonaCopenhagen

HelsinkiSingaporeVancouver

Vienna

Emerging Smart Cities

Brisbane Los Angeles

Montreal

Next Stage CitiesBogotaLima

SMART CITIES 1.0: TECHNOLOGY DRIVEN

SMART CITIES 2.0: TECHNOLOGY ENABLED, CITY-LED

SMART CITIES 3.0: CITIZEN CO-CREATION

3 Generations of Smart Cities

4,500 new companies have moved to the district since 2000, employing 56,000

THE SHARING ECONOMY PROJECTED TO REACH $335 BILLION BY 2025

@boydcohen

@boydcohen

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Beginning in the early 2000s, instead of selling your car to afford hardware, you could sell a coffee table and afford it. Over the past 15 years, many costs associated with building products—servers, databases, all the once-homerolled things that are now available as cheap SaaS products—dropped immensely.

This ushered in an era where startups were lean and could do with $250,000 what a startup in the ’90s could do with $2,500,000. It led to 10 times more products launching, 10 times as fast. It’s been a prosperous and successful era for the Internet. Only a few costs remained high: labor, office space, accounting, legal, marketing, etc . . . it dawned on me that we’re now entering a new era, and all those remaining costs—labor, office space, accounting, legal, marketing, etc.— are dropping to the floor. Just like last time around, it’s going to mean that we see 10 times more products launching, 10 times as fast. It means we can do with $250 what a startup five years ago could do with $250,000

1) Better Designed Cities

2) Smart Cities

3) Adoption of Soft Infrastructure

4) Better safety nets

5) US Already Lost Lead in Innovation

6) Declining Role of VC

7) Better Policy for Immigrant Entrepreneurs

IN CONCLUSION: I LIKE CIRCLES

Sustainability

Cities Innovation/

Entrepreneursh

ip

bcohen@eada.eduwww.urbaninnova.com