A startup 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 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 addition to these support structures, a thriving startup ecosystem also relies on access to funding sources, such as venture capital and angel investors. Local universities and research institutions can contribute by providing talent and research opportunities. Overall, a healthy startup ecosystem encourages collaboration and drives the success of new ventures.