"Unveiling the Dynamics of Startup Ecosystems: Key Drivers of Entrepreneurial Success"

Abstract

This study provides an in-depth examination of the dynamics influencing entrepreneurial success within startup ecosystems, with a focus on understanding the interplay between government support, incubation processes, regional characteristics, and collaborative networks. Drawing from an extensive body of literature published between 2012 and 2024, the research synthesizes recent empirical and conceptual studies to identify key drivers that shape entrepreneurial outcomes. The review highlights that effective government policies, financial incentives, infrastructure support, and entrepreneurial-friendly regulations play a pivotal role in fostering a thriving startup environment. Similarly, incubation processes, including mentorship, funding accessibility, and networking opportunities, emerge as crucial facilitators for early-stage ventures. Regional factors—such as cultural attitudes toward risk, availability of skilled talent, and proximity to markets—are found to significantly influence the growth trajectories of startups. Collaborative networks, partnerships, and knowledge-sharing platforms further strengthen the resilience and innovation potential of entrepreneurial ventures. Despite the progress in understanding startup ecosystems, notable research gaps remain, particularly in cross-country comparative analyses and the long-term impacts of policy interventions. This study not only consolidates the fragmented knowledge base but also offers actionable insights for policymakers, ecosystem builders, and entrepreneurs aiming to optimize conditions for sustainable startup success.