With Apple, Samsung, and other electronics OEMs stealing the headlines, the little guys may get lost in the shuffle. In the high-tech supply chain, though, small organizations hold a position as important as the industry biggies, since they often lead innovation and may be the best source for certain products and services.
Unfortunately, many of these small firms are struggling. According to some reports, fewer startups are being born. “Because young high-tech firms are so disproportionately important for innovation and job creation, a slowdown in this sector calls for a new approach to fostering a stronger entrepreneurial economy,” said Dane Stangler, vice president of research and policy at the Kauffman Foundation, said in a press release. A white paper from the group, Declining Business Dynamism in the U.S. High-Technology Sector, links this entrepreneurial spark to economic growth in the US.
A new infographic from eyefortransport (shown below) explores the role of startups in the electronics supply chain. The statistics are eye opening. For example, four out of 10 high-tech organizations are fewer than five years old. By using only sources with a long history, OEMs are cutting out a big chunk of potential partners.
Let us know how your organization works with high-tech startups. What do you see as the biggest boon and the biggest challenge?
— Hailey Lynne McKeefry, Editor in Chief, EBN