How Does the Entrepreneurial Ecosystem Develop?

Let's look at the Entrepreneurial Ecosystem examples together. An entrepreneur is a name given to the person who combines their financial equipment and knowledge with business intelligence to create a more efficient product or brand for their company. 

Entrepreneurship, which has gained significant development in recent years, has brought with it the development of some important concepts. The entrepreneurship ecosystem has become an important concept of the entrepreneurship world in recent years. 

The entrepreneurship ecosystem concept, which was first introduced by B. Cohen in 2006, is defined as the social and economic environment that affects entrepreneurship. The entrepreneurship ecosystem consists of the sum of individuals and various factors working in interaction with each other in a particular region. The support that given to the enterprise by the people in the environment or geography where the enterprise is made and the steps they take to facilitate the venture are also included in the entrepreneurship ecosystem. So, how does the entrepreneurship ecosystem develop and what are its examples?

How Does the Entrepreneurial Ecosystem Develop?

An ecosystem is defined as the whole of ecological systems that emerge with the mutual interaction of living things in a certain area and their non-living environments that have continuity. In this direction, the interaction of the entrepreneur with the environment cannot be ignored for the development of the entrepreneurship ecosystem. Entrepreneurship ecosystem occurs with various environmental conditions affecting entrepreneurial activities in every region and country and the interaction of these conditions with each other. These conditions can be listed as follows;

The combination of all these elements and the provision of suitable conditions will be extremely effective in the development of the entrepreneurship ecosystem. In addition, the establishment of a culture of innovative thinking, questioning and solution generation is also very important for the development of the entrepreneurship ecosystem.

Entrepreneurial Ecosystem Examples

The concept of entrepreneurship ecosystem first emerged with Silicon Valley, which is affiliated with Stanford University and the pioneer of today's Technocity concept. Silicon Valley, and especially the United States of America, is the pioneer and leader of entrepreneurship. This is especially in the field of technology. Entrepreneurs come to San Francisco from all over the world. They try to find a place for themselves in the ecosystem that is developing and renewing day by day in line with their goals. In this sense, Silicon Valley emerges as the most important entrepreneurial ecosystem example.

Is There an Entrepreneurship Ecosystem in Turkey?

Various public institutions and organizations, especially universities, play an important role in the formation of the entrepreneurship ecosystem. Although entrepreneurship has gained significant momentum for our country in recent years, the pace of steps taken to adapt to the existing nature of entrepreneurship is very low. In addition, especially after the pandemic, the transfer of business processes to the digital environment and their execution from there have also led to the emergence of new business initiatives. Although the developing Turkish entrepreneurship ecosystem has a long way to go, the developments are promising. The developments in the entrepreneurship ecosystem will also ensure that Turkey's place in the global sense will improve. 

The entrepreneurship ecosystem is a vibrant and developing field. To adapt to this field and gain a place in the world of entrepreneurship, one must closely follow the developments.