These challenges can be solved with implementing create effective labour and innovation policies based on data and best practice. For many unemployed people, especially migrants, entrepreneurship will be the way out. Supporting founders can lead to higher labour participation, stronger economic growth, lower crime rates and social costs. With informed decisions cities will thrive.
Through our case studies we have found that cities that succeed in fostering entrepreneurship, and in the past have had a strong increase in employment, have a coherent talent pipeline. We are the first in Europe to have developed and tested a model for a talent pipeline for successful cities.
Most cities have parts of this model in place. However, they lack one crucial part, or do not have efficient and clear information flowing between the key players in the ecosystem.