A startup ecosystem refers to the network of individuals, organizations, and resources that support the creation and growth of new businesses. This ecosystem typically includes entrepreneurs, investors, mentors, and service providers, all working together to foster innovation and economic development. Key components often include incubators, accelerators, and co-working spaces that provide essential support and resources for startups. In a thriving startup ecosystem, collaboration and knowledge sharing are crucial. Local universities may contribute research and talent, while venture capitalists and angel investors provide funding. Additionally, community events and meetups help connect entrepreneurs with potential partners and customers, creating a vibrant environment for new ideas to flourish.