Entrepreneurship is the key determinant for economic growth because it maximizes wealth of the nation by creating new businesses based on innovation and disruptive ideas. The success of entrepreneurial venture relies on proper understanding of its ecosystem, i.e., various elements or factors associated with entrepreneurship. This paper has tried to uncover various elements of the entrepreneurial ecosystem based on the model developed by Isenberg in 2010 and how they impact on entrepreneurship. This is a literature based reflective article where various literatures are referred to link the connection between entrepreneurship and its mainly six domains: Policy, Finance, Culture, Support, Human Capital, and Markets. Literatures have shown the strong relation and impact of these domains on entrepreneurial activities but to clear the level of impact, further studies are necessary. Similarly, there is also an avenue to explore the connectivity between these domains itself.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.