The entrepreneurial ecosystem is becoming a phenomenon that is increasingly becoming the subject of research by researchers whose field of interest is precisely entrepreneurship. What researchers in the field are encountering is a certain gap in the literature that exists, which arose as a result of interpreting the entrepreneurial ecosystem from different aspects. While certain researchers view the entrepreneurial ecosystem as a context of entrepreneurship, as a regional innovation system or as an entrepreneurial environment, on the other hand the authors view it as an entrepreneurial process that follows high growth or as a business ecosystem. This paper aims to show the impact that the entrepreneurial ecosystem has on the initiation and development of innovations, and therefore on the entrepreneurial process, as one of the most important influences on the growth and development of the economy of each country.