The startup ecosystem refers to the network of stakeholders, institutions and resources that support, promote and connect startups to facilitate innovation and growth. This ecosystem includes a variety of players such as investors, incubators, accelerators, mentors, universities and government institutions that work together to create a favourable environment for the creation and development of young companies. Through the synergies within the startup ecosystem, founders can gain access to capital, knowledge, talent and networks, which is crucial for overcoming initial challenges and accelerating company growth.