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Table 3 Ecosystem maturity model: summarized version

From: A maturity model for software startup ecosystems

Maturity factor M1 nascent M2 evolving M3 mature M4 self-sustainable
Exit strategies None A few Several M&A few IPO Several M&A and IPO
Entrepreneurship in universities < 2% 2–10% 10% ≥ 10%
Angel funding Irrelevant Irrelevant Some Many
Culture values for entrepreneurship < 0.5 0.5–0.6 0.6–0.7 > 0.7
Specialized media No A few Several Plenty
Ecosystem data and research No No Partial Full
Ecosystem generations 0 0 1–2 ≥ 3
Events Monthly Weekly Daily >Daily