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A Review of Cultural, Policy, and Technological Developments in Silicon Valley's Entrepreneurial Ecosystem
- 1 Universiti Sains Malaysia
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Abstract
Silicon Valley has been a hub of technology innovation and entrepreneurship since the 1950s. And its entrepreneurial ecosystem is the key to its success and durability. Culture, government, and technology all play a part in Silicon Valley's startup ecosystem.These changes have been crucial in establishing the region as a hub for innovation and entrepreneurship. The people of Silicon Valley have a high tolerance for risk, creativity, and experimentation. Government policies in Silicon Valley play an essential role in encouraging entrepreneurship and innovation by contributing to the region's pervasive "fail fast" attitude. Silicon Valley has been at the vanguard of technical progress and entrepreneurial growth, and regulations like protected innovation have helped to safeguard intellectual property. Recent years have seen significant progress in the areas of information technology, biotechnology, and artificial intelligence in this part of the world. In order to gain a thorough understanding of the entrepreneurial ecosystem of Silicon Valley and to offer helpful experience and suggestions for the development of industries in other parts of the world, this paper will use the research method of literature review to summarize and review the evolution of culture, policy, and technology in Silicon Valley's ecological environment.
Keywords
Silicon Valley, entrepreneurial ecosystem, technological developments
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Cite this article
Song,Z. (2023). A Review of Cultural, Policy, and Technological Developments in Silicon Valley's Entrepreneurial Ecosystem. Advances in Economics, Management and Political Sciences,44,96-100.
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