It seems that the world is abuzz with thoughts of creating the next big tech startups, with the prospects of such innovations touted on both individual and societal levels.

For instance, a soon to be published paper from Rotman academic Laura Doering highlights the entrepreneurial potential of poor communities in Panama. Such communities have just as much potential as richer communities, they say, but they struggle to sustain those businesses into profitability compared to their richer peers.

“Poorer entrepreneurs often don’t get the chance to profit from the creativity that they’re bringing to market,” the authors say. “It helps us understand why entrepreneurship generally doesn’t serve as an avenue for economic mobility for the poor.”


The start-up bubble


The study was pertinent because this week I attended the launch of a new co-working facility in the London borough of Croydon. The facility, called TMRW, is part of a multi-billion pound effort to regenerate a part of London that is perhaps typified by the 2011 images of rioting and looting in the area.

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