Business Studies Journal (Print ISSN: 1944-656X; Online ISSN: 1944-6578)

Abstract

START-UP ECOSYSTEMS: DRIVERS OF INNOVATION AND ECONOMIC GROWTH

Author(s): Chen Wei

Start-up ecosystems play a vital role in fostering innovation, entrepreneurship, and economic growth. These ecosystems consist of interconnected actors such as entrepreneurs, investors, government institutions, universities, and support organizations that collectively enable the creation and scaling of start-ups. This article explores the key components of startup ecosystems, their impact on innovation and economic development, and the factors that contribute to their success. The study highlights that well-developed ecosystems promote knowledge sharing, access to capital, and technological advancement, thereby driving sustainable economic growth.

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