How Does the Entrepreneurship Ecosystem Develop? Entrepreneurship Ecosystem Examples

Entrepreneur is the name given to the person who combines his financial equipment and knowledge with business intelligence to create a more efficient product or brand for himself or his company. Entrepreneurship, which has gained a significant development in recent years, has brought with it the development of some important concepts. 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. Entrepreneurship ecosystem consists of the sum of individuals and various factors working in interaction with each other in a particular region. The support given to the enterprise by the people in the environment or geography where the enterprise is made, 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? You can continue reading our article for all the details.

How Does the Entrepreneurship 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 and are continuous. 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.

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Entrepreneurship Ecosystem Examples

The concept of entrepreneurship ecosystem first emerged with Silicon Valley, which is affiliated with Stanford University and the pioneer of today's Techno city concept. Silicon Valley, and especially the United States of America, is the pioneer and leader of entrepreneurship, especially in the field of technology. Entrepreneurs coming to San Francisco from all over the world 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.