Entrepreneurship Hub

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About 'Entrepreneurship Hub'?

The entrepreneurship hub is a place where highly qualified professionals and investors with great wealth come into contact. The goal is to develop innovative companies.

One of the advantages of entrepreneurship hubs is that they house brilliant minds capable of designing promising startups. These, in turn, may seek the support of investors who operate in the same area or nearby places.

At this point, it should be clarified that startups are distinguished by offering very rapid growth if they achieve success. Thus, not just any innovative idea qualifies in this category.

A classic example of a startup is Facebook. His business model was always exponential. This, because the social network can gain users without the need to increase its staff.

Characteristics of the entrepreneurship hub

Among the characteristics of the entrepreneurship hub are:

- It allows the formation of a community of creatives.
- The hub can grow to the point of becoming a region recognized as a hub for entrepreneurship. A clear example is Silicon Valley in California.
- A key element for the hub to work is the presence of angel investors. These are wealthy individuals who are willing to bet on talented professionals with good ideas. While not all the initiatives they sponsor prosper, when they do, they pay off high profits.
- It's not necessary for the hub to offer special benefits such as low taxes. The great advantage of these locations is access to a network of contacts.
- Just as a hub can grow significantly, it can also be abandoned at some point for various reasons: the appearance of another innovation center, the increase in the cost of living, new laws for hiring personnel, among others.

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