An Entrepreneurial Ecosystem refers to the interconnected network of individuals, organizations, and resources that support the creation and growth of new businesses. This ecosystem includes entrepreneurs, investors, mentors, and support organizations that work together to foster innovation and economic development.
In a thriving entrepreneurial ecosystem, various elements such as access to funding, mentorship programs, and collaborative spaces come together to create an environment conducive to business success. By nurturing these relationships and resources, communities can enhance their capacity for innovation and drive sustainable economic growth.