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A startup company is an entrepreneurial venture in the initial stage of its operations. Startups are typically young businesses aiming to grow quickly and meet a marketplace need by developing or offering an innovative product, process or service.

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Jake Zeller
Jake Zeller edited on 13 Mar, 2018
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The startup ecosystem consists of the individuals (entrepreneurs, venture capitalists, Angel investors, mentors); institutions and organizations (top research universities and institutes, business schools and entrepreneurship programs operated by universities and colleges, non-profit entrepreneurship support organizations, government entrepreneurship programs and services, chamber of commerce) business incubators and business accelerators and top-performing entrepreneurial firms and startups. A region with all of these elements is considered to be a "strong" entrepreneurship ecosystem. Some of the most famous entrepreneurial ecosystems are Silicon Valley in California, where major computer, Internet firms and top universities such as Stanford University create a successful startup environment, Boston (where Massachusetts Institute of Technology is located) and Berlin, home of WISTAWISTA (a top research area), numerous creative industries, leading entrepreneurs and startup firms.

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