Creative marketplaces as entrepreneurial micro ecosystems: Exploring incubation, collaboration, and social value creation

Liya  Setiawati; Yuliani  Istiqomah

doi:10.69725/jebi.v2i2.275

Authors

Liya Setiawati Department of Management, STIE Gema Widya Bangsa, Bandung, Indonesia, 40624
Yuliani Istiqomah Department of Management, STIE Gema Widya Bangsa, Bandung, Indonesia, 40624

DOI:

https://doi.org/10.69725/jebi.v2i2.275

Keywords:

Entrepreneurial ecosystem, Collaborative culture, Placemaking, Social value creation, Entrepreneurial development

Abstract

Purpose: This research explores the impact of entrepreneurial micro ecosystem elements on entrepreneurial development including placemaking, social value creation and the role played by collaborative culture.
Method: A quantitative explanatory design was employed with survey data from 312 creative entrepreneurs in Indonesia and analyzed utilizing SPSS as well as process macro (Model 7).
Findings: The findings show that supportive ecosystem conditions boost entrepreneurial growth directly and indirectly with placemaking and social value creation functions. Culture of collaboration augments these relationships through trust, mutual learning and joint innovation. The analysis shows that social factors in creative marketplaces can turn structural advantages into an entrepreneurial achievement tradition, and that collaboration, particularly as it pertains to the creation of social value, underpins ecosystem efficiency and community renaissance.
Novelty: This study integrates entrepreneurial ecosystem, social capital, and placemaking theories in a comprehensive framework, and places collaborative culture as a mediating mediator on the road to ecosystem-led entrepreneurship.
Implications: The results offer policy and practical implications for policymakers, ecosystem designers, and entrepreneurs to generate collaboration-based ecosystems which have a balance between innovation, inclusion, and social cohesion as basis of sustainable economic development.

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Author Biographies

Liya Setiawati , Department of Management, STIE Gema Widya Bangsa, Bandung, Indonesia, 40624

Liya Setiawati S.Sy., M.M. is a faculty member at STIE Gema Widya Bangsa, specializing in entrepreneurship, creative industries, and micro-ecosystem development. Her research focuses on the dynamics of creative marketplaces, social value creation, and incubation processes to support entrepreneurial growth. She has published studies on entrepreneurial ecosystems and collaborative practices, contributing to both academic discourse and practical applications in business development. Liya actively engages with industry and academic communities to bridge theory and practice, fostering innovative approaches to local and regional entrepreneurship.
Yuliani Istiqomah, Department of Management, STIE Gema Widya Bangsa, Bandung, Indonesia, 40624

Yuliani Istiqomah S.E., M.M. is an academic at STIE Gema Widya Bangsa with expertise in business management, strategic entrepreneurship, and collaborative networks. Her research interests include placemaking, social entrepreneurship, and the role of collaborative culture in enhancing entrepreneurial performance. She has contributed to research on creative marketplaces and entrepreneurial ecosystems, emphasizing the integration of social and economic value. Yuliani combines teaching, research, and community engagement to advance knowledge on sustainable and socially responsible business practices.

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