Quantitative Analysis On Charleston’S Entrepreneurial Sector

Ryan Moughan

School Name

Governor's School for Science and Math

Grade Level

12th Grade

Presentation Topic

Consumer Science

Presentation Type

Mentored

Mentor

Mentor: Dr. Osborne; Director, Harbor Entrepreneur Center

Abstract

Silicon Valley is the world leader for new technology and innovation, mainly because of entrepreneurship. Charleston, South Carolina is looking to mimic this success in order to grow both the greater Charleston region and the state of South Carolina as a whole. In order to do so, the history of Silicon Valley was examined in order to find factors that most influenced its success. From there, a quantitative evaluation, mainly using regression analysis, was performed to examine each variable. The prevailing factor of startup hubs appeared to be the presence of high-level computer science universities, so the relationship between top computer science universities and startup outputs such as Initial Public Offerings (IPOs), Mergers and Acquisitions (M&As), and Patents was studied, which resulted in strong correlations. After finding that South Carolina severely lacked the universities to perform research or attract talent, Poaching Theory was developed.

Location

Owens 102

Start Date

4-16-2016 11:00 AM

COinS
 
Apr 16th, 11:00 AM

Quantitative Analysis On Charleston’S Entrepreneurial Sector

Owens 102

Silicon Valley is the world leader for new technology and innovation, mainly because of entrepreneurship. Charleston, South Carolina is looking to mimic this success in order to grow both the greater Charleston region and the state of South Carolina as a whole. In order to do so, the history of Silicon Valley was examined in order to find factors that most influenced its success. From there, a quantitative evaluation, mainly using regression analysis, was performed to examine each variable. The prevailing factor of startup hubs appeared to be the presence of high-level computer science universities, so the relationship between top computer science universities and startup outputs such as Initial Public Offerings (IPOs), Mergers and Acquisitions (M&As), and Patents was studied, which resulted in strong correlations. After finding that South Carolina severely lacked the universities to perform research or attract talent, Poaching Theory was developed.