Entrepreneurial ecosystems and their impact on start-up success rates
University of edinburgh MA Social Policy and Economics, United Kingdom.
Research Article
GSC Advanced Research and Reviews, 2024, 20(03), 316–326.
Article DOI: 10.30574/gscarr.2024.20.3.0280
Publication history:
Received on 02 July 2024; revised on 10 September 2024; accepted on 12 September 2024
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.
Keywords:
Entrepreneurial Ecosystems; Start-Up Success Rates; Modern Corporate Environment; Start-Up Enterprises; Entrepreneurial Environments
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
