• The Future of Entrepreneurship is Open Source

  • Oct 2 2023
  • Length: 6 mins
  • Podcast

The Future of Entrepreneurship is Open Source

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  • Summary

  • A new global study published in Research Policy reveals that participating in open-source software (OSS) projects can boost entrepreneurship worldwide. Analyzing data from over 200 countries from 2000-2016, the research found that a 1% increase in a country's OSS contributions predicted a 0.2-0.4% rise in information technology startups the following year.

    This shows that engaging in OSS can help developers gain valuable skills, access talent, validate ideas, and reuse code to launch new tech ventures across borders. The study is groundbreaking as the first to prove OSS has widespread entrepreneurial impacts globally. For aspiring founders, it highlights that the future of startups is open source and that participating in OSS communities now can pay dividends later.

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