Recent years have seen entrepreneurs and small and medium enterprises play
a more significant role in economic growth and cooperation. Economic
development increasingly depends on fostering entrepreneurship, where SMEs play
a key role in job creation, business development, and stimulating green and
inclusive growth in both developing and developed countries. In addition, SMEs
are crucial for achieving sustainable development in emerging markets as well.
Effective policies and support measures require an understanding of the
environment in which entrepreneurs and SMEs operate, referred to as
entrepreneurial ecosystem. This research provides a first look at the most
popular literature on the entrepreneurial ecosystem, offers different
definitions and models of the entrepreneurial ecosystem out of those papers,
and provides a comparative case study to see how differently the ecosystem
might work even in similar preconditions.