Tech Ecosystem
A tech ecosystem refers to the interconnected network of companies, organizations, and individuals that contribute to the development and growth of technology. This includes startups, established firms, investors, and educational institutions that collaborate to foster innovation. Key components often include software developers, hardware manufacturers, and venture capitalists who work together to create new products and services.
In a tech ecosystem, resources such as talent, funding, and knowledge are shared among participants. This collaboration can lead to the emergence of new technologies and business models, driving economic growth and improving quality of life. Examples of successful tech ecosystems include Silicon Valley in the United States and Shenzhen in China.