From Co-location to Growth: How Networks Shape Warsaw’s Digital Entrepreneurial Ecosystem
摘要
The growth of urban entrepreneurial ecosystems depends not only on co-location of firms but also on the structure and quality of their networks. This study examines how formal investor connections and implicit informal proximity-based links affect the growth of technological startups in Warsaw, Poland. Administrative microdata for 567 startups founded in 2016 are used to construct (i) a formal network of investor ties, distinguishing between individual and corporate investors, and (ii) an implicit informal network based on spatial proximity within 1 km, operationalised through a spatial weight matrix (SWM). Complex Network Analysis (CNA) is applied to describe network topology, and econometric modelling assesses the relationship between connectedness types and five-year asset growth. Results show that formal connectedness significantly enhances growth, whereas excessive co-location is associated with small but significant declines in performance, suggesting congestion and competition effects. The findings provide a transferable spatial-analytical framework for diagnosing connectivity in developing entrepreneurial ecosystems and offer actionable insights for urban policymakers, development agencies, and accelerators in Central and Eastern Europe (CEE) and beyond.