Study on the Types of Entrepreneurship Service Ecosystems by National Policy: Focusing on K-means Clustering Analysis

The purpose of this study is to propose useful implications for policies related to the construction of Entrepreneurial Ecosystems (EE) from the perspective of government services. To define the distinctive characteristics of EE on a global scale for positioning nations, this paper adopts K-means cluster analysis. Thus, to specify efficient policies, this paper analyzes and compares the entrepreneurial policies of representative countries in clusters. K-means clustering analysis with an optimal number of K indicates that the USA, China, and India are star-performing nations generating superior unicorns, while the USA, Finland, Denmark, and others have extraordinary GEI performance compared to other nations. To analyze the political aspect of the nations, this paper re-positions countries according to standards of governmental support and private business service sector and classifies the US in the company-led cluster and China in the government-led cluster. Although the star-performing nations have policies covering multiple environmental aspects, their policies over social and technological aspects are outstanding. Superior EE contributes to outstanding unicorn companies, and the quality of EE can be formulated through effective governmental policies and services, as seen in the case of the government-led cluster. While outstanding companies and industrial clusters can formulate company-led EE, as in the US, China, and India, governments' policies on providing social and economic infrastructures to entrepreneurs can be considered as contributing to constructing fair EE.