In this context, it is imperative to examine the roles played by three key stakeholders in the startup ecosystem: early-stage startups, investors, and mentors. These players have interlocking interests that together contribute significantly to the growth and development of the ecosystem as a whole. The next stakeholder in the ecosystem, investors, play a pivotal role in the startup ecosystem, driven by their aim to generate substantial returns on investment by backing ventures that exhibit promising growth prospects. Bringing free expertise on highly specific issues, a mentor’s key role is to improve a startup’s decision-making. Amidst this backdrop, startup accelerators emerge as a beacon of hope for startups, offering a transformative platform to nurture and empower the next generation of entrepreneurs.

Source: dna June 03, 2023 12:50 UTC