Four entrepreneurship archetypesVenture Central Victoria
Research has identified four entrepreneurship archetypes in the South African SME market and identified the components that needs to be strengthened to ensure that these archetypes thrive:
- High-tech Entrepreneurship Model – In this model intellectual property (IP) is developed by research universities or centers and commercialized with support from angel investors and venture capital.
- External Trigger Model – This model emerges as a result of external circumstances which result in a number of skilled and experienced people in a position to start their own businesses
- The Mothership Model – This model describes businesses that emerge from existing companies resulting in smaller spinoffs supported by the existing business
- Local Hero Model – Businesses which emerge as a result of an inspirational success of another local business