Published Online:March 2025
Product Name:The IUP Journal of Entrepreneurship Development
Product Type:Article
Product Code:ED020325
DOI:10.71329/IUPJED/2025.22.1.27-48
Author Name:Vikas Kumar, Siddharth Chandel and Vijayta
Availability:YES
Subject/Domain:Management
Download Format:PDF
Pages:27-48
The entrepreneurial ecosystem has been attracting intensive global attention, particularly in developing economies, where it is regarded as a significant enabler for economic growth and innovation. This paper analyzes the major drivers and obstacles in the entrepreneurial ecosystems of five emerging economies, namely, India, Kenya, Brazil, Vietnam and Nigeria. The study uses secondary data such as journal articles, industry reports, and policy documents to identify the critical factors that influence their creation, development, and sustainability. The results suggest that access to finance, suitable regulatory environments, and a culture of innovation are the key drivers; and infrastructure weaknesses, regulatory roadblocks, and low market access are the significant challenges. The study suggests that policymakers and stakeholders need to address all these hindrances for there to be a very conducive climate for entrepreneurship. The study not only provides deep insights into the unique dynamics of emerging markets but also offers strategic insights for improving entrepreneurial ecosystems.
Entrepreneurial ecosystems have been widely acknowledged as the means through which innovation, economic growth, and regional competitiveness can be fostered at diverse