European Startup Ecosystem as a Star of Economic Development

Abstract

In the recent years, startup ecosystems have been receiving increasing attention from scientists, governments and entrepreneurs in developed as well as in developing countries. Some of the main advantages of startups are their ability to encourage innovation and make a great contribution to the economic development of the countries. Thanks to the growing support and interest in this type of business and high growth potential, entrepreneurship based on innovation, especially in the form of startups, continue being an important issue for years to come. Its importance will especially be emphasized during the process of defining future development strategies at both micro and macro levels. The aim of this research is to present the most developed European startup ecosystems, and their comparative analysis, according to their basic indicators. In this way, the general picture of the European startup ecosystem will be perceived with the necessary consideration of its specifics and growing potential.