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The Digital Revolution and the Rise of Startup Ecosystems

In: Unleashing Innovation the East Asian Way

Author

Listed:
  • Ying Cheng

    (Chongqing University, School of Economics and Business Administration)

  • Adam Cross

    (Xi’an Jiaotong-Liverpool University)

  • Martin Hemmert

    (Korea University, School of Business)

  • Agata Kapturkiewicz

    (Sophia University)

  • Masahiro Kotosaka

    (Keio University, Faculty of Policy Management)

  • Franz Waldenberger

    (German Institute for Japanese Studies)

Abstract

This chapter explores the transformative role of digital technologies in shaping modern startup ecosystems. It begins by tracing the historical evolution of digital innovation, from early computing to the internet and then artificial intelligence (AI), highlighting how these advancements have recently changed the nature of innovation. The chapter then examines the resurgence of entrepreneurship in the digital age, contrasting Schumpeter’s early theories with the contemporary reality of startup ecosystems. Key themes include the symbiotic relationship between digital technologies and startup ecosystems, the characteristics of digital-era innovation, and the pivotal role of venture capital. The discussion sets the stage for understanding how East Asia’s unique ecosystems, examined in later chapters, have emerged as critical players in this global phenomenon.

Suggested Citation

  • Ying Cheng & Adam Cross & Martin Hemmert & Agata Kapturkiewicz & Masahiro Kotosaka & Franz Waldenberger, 2026. "The Digital Revolution and the Rise of Startup Ecosystems," Springer Books, in: Unleashing Innovation the East Asian Way, chapter 2, pages 11-22, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-6513-9_2
    DOI: 10.1007/978-981-95-6513-9_2
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