Year: 2024
Type: article
Abstract: The primary objective of this research is to enhance comprehension of the mechanisms by which entrepreneurial ecosystems influence the success of start-up ventures, through the provision of responses to the following inquiries. The major objective of this research is to examine and assess the complex interplay between entrepreneurial ecosystems and their influence on the rates of success for start-up ventures. This study aims to provide guidance for investigating and analyzing the correlation between entrepreneurial ecosystems and start-up success rates. This research employed a mixed-approaches approach, which integrates qualitative and quantitative methods. This methodology facilitated a thorough comprehension of the intricate dynamics within entrepreneurial ecosystems and their influence on the rates of success for start-up ventures. This research offers significant contributions by examining the essential elements of thriving entrepreneurial ecosystems, quantitatively assessing their influence, and analyzing the influence of governmental policies and case studies in facilitating the achievement of start-up enterprises. The results emphasize the interdependence of many components within an ecosystem, hence emphasizing their direct impact on the success of start-up ventures. Findings confirm the importance of supportive ecosystems that provide opportunities for accessing capital, mentorship networks, a favorable regulatory environment, and a culture that promotes entrepreneurship. The influence of government policies and investments on these ecosystems is of utmost importance, underscoring the necessity for ongoing support and strategic interventions.
Author: Jinyoung Hwang
Institution: University of Edinburgh
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4404722399