Abstract

This study explores how health-tech small and mid-size enterprises (SMEs) could better utilize the entrepreneurial ecosystems (EEs) around them in developing their business within this fast-growing yet under-researched industry. Based on the qualitative empirical study, we examine actor roles and related dynamics in the health-tech ecosystem to understand how firms could benefit from the ecosystem’s resources. The study contributes to EE research by providing an empirically grounded typology of ten actor roles and examining how an individual company could change and develop its role in the network to grow and succeed. Moreover, it extends the current research on role typologies by explaining the various roles in EEs and underlines the importance of ecosystem dynamics. Managerially, the study highlights the importance of recognizing the company’s role(s) and the roles of other ecosystem members, which further aids in their strategic decision-making and future planning.