The term "startup ecosystem" refers to a network or community of individuals, organizations and resources that work together to support and promote entrepreneurship, innovation and the growth of startups. This includes various stakeholders such as venture capitalists, angel investors, incubators, accelerators, universities, government agencies, business mentors, industry partners, and other organizations that provide funding, resources, knowledge, networking opportunities, and support to entrepreneurs in their pursuit of building successful startups. The goal is to create an environment where new ideas can thrive, grow and contribute positively to the local economy while creating jobs and driving innovation.