What is an ‘entrepreneurial ecosystem’? And why you need one to raise a startup

The geography of entrepreneurship is “spiky,” meaning that from region to region there are significant variations in rates of startups and, in particular, “scaleups” – new businesses that are evolving into larger enterprises. This can be explained by the fact that successful entrepreneurship occurs in “fertile soil” – economic and social environments conducive to entrepreneurial activity. And in some places these environments – or ecosystems – are much better at generating and supporting entrepreneurial activity than others. An entrepreneurial ecosystem is a clustering of interconnected individuals, organizations, and bodies that facilitates and supports entrepreneurial activity. This ecosystem provides startup businesses…

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