“…The conceptual framework delineated in this study, drawing on the works Araújo (2023a, 2023b), adopts an Internationalization Ecosystem (INT-E) lens. This framework amalgamates four interlinked ecosystem perspectives, providing a comprehensive view of the internationalization process: • BEs, which constitute an economic community supported by collaborative entities, including conventional business models, industries, multinational enterprises (MNEs), and clusters (e.g., Cha et al, 2023;Hewett et al, 2022;Zalan, 2018); • EEs, specialized environments dedicated to fostering innovative and high-growth ventures, encompassing startups, scale-ups, and other non-traditional business models (e.g., Gawel, 2021;Ratten, 2021;Stolze & Sailer, 2021); • IEs, comprising both business and social ecosystems extending beyond economic boundaries, emphasizing knowledge creation and exchange (e.g., Prokopenko, Emerenko, & Omelyanenko, 2014;Ratten, 2021); • PEs, indicative of the digital business landscape characterized by advanced technology, knowledge dissemination, and collaborative initiatives (e.g., Ciasullo, Montera, Mercuri, & Mugova, 2022;Kolagar, Reim, Parida, & Sjödin, 2022).…”