Entrepreneurial ecosystem as a multilevel system of socio-economic development: theoretical analysis and typological approaches

Authors

DOI:

https://doi.org/10.26661/2522-1566/2025-3/33-15

Keywords:

entrepreneurial ecosystem, institutions, co-evolution, adaptability, social value, innovation, ecosystem typology

Abstract

The article examines the entrepreneurial ecosystem as a complex and adaptive system that integrates institutional, social, cultural, infrastructural, and network components. This multifaceted perspective underscores that the ecosystem is not limited to the actions of individual entrepreneurs but is profoundly shaped by dynamic interactions among various actors, including entrepreneurs, government bodies, educational organizations, financial institutions, and both local and global communities. The increasing relevance of this topic stems from the broader academic recognition that sustainable entrepreneurship depends on systemic influences and collaborative networks as much as personal initiative. The main objective of the paper is to provide a thorough analysis of contemporary theoretical approaches to defining entrepreneurial ecosystems, delineate their core structural elements and stages of evolutionary development, and to organize and classify prevalent models found in both international and Ukrainian contexts. The study’s methodological framework employs an interdisciplinary toolkit, combining systems thinking, evolutionary theory, and institutional analysis, to facilitate a holistic examination of the ecosystem’s characteristics and functioning. A critical distinction is drawn between state-driven and network-based ecosystem models and their respective impacts on fostering innovation, nurturing an entrepreneurial mindset, and generating social value. Furthermore, the article introduces a nuanced typology of ecosystem structures, considering sources of initiative, levels and mechanisms of support, the degree of social orientation, and measurable outcomes. Special attention is devoted to the Ukrainian experience, offering illustrative examples of regional initiatives, their adaptability, and prospects for scaling and co-evolution. In conclusion, the author stresses that successful entrepreneurial ecosystems are context-dependent and require strategic management tailored to local resources, culture, and socio-economic realities to drive sustained innovation and competitiveness.

JEL Classification: L26, M13, O18, R11

References

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REFERENCES (TRANSLATED AND TRANSLITERATED)

Cohen, B. (2006). Sustainable valley entrepreneurial ecosystems. Business Strategy and the Environment, 15(1), 1–14. https://doi.org/10.1002/bse.428

Isenberg, D. J. (2010). How to start an entrepreneurial revolution. Harvard Business Review, 88(6), 40–50.

Moore, J. F. (1993). Predators and prey: A new ecology of competition. Harvard Business Review, 71(3), 75–86.

Mack, E., & Mayer, H. (2016). The evolutionary dynamics of entrepreneurial ecosystems. Urban Studies, 53(10), 2118–2133. https://doi.org/10.1177/0042098015586547

Spigel, B. (2017). The relational organization of entrepreneurial ecosystems. Entrepreneurship Theory and Practice, 41(1), 49–72. https://doi.org/10.1111/etap.12167

Stam, E. (2015). Entrepreneurial ecosystems and regional policy: A sympathetic critique. European Planning Studies, 23(9), 1759–1769. https://doi.org/10.1080/09654313.2015.1061484

Stam, E., & Spigel, B. (2016). Entrepreneurial ecosystems. The Entrepreneurial Society, 13, 1–18.

Spigel, B., & Harrison, R. (2018). Toward a process theory of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 12(1), 151–168. https://doi.org/10.1002/sej.1268

Ukrainian Startup Fund. (2023). Annual Report 2022–2023. https://usf.com.ua

Feld, B. (2012). Startup Communities: Building an Entrepreneurial Ecosystem in Your City. Wiley.

OECD. (2021). Policies for social entrepreneurship in Eastern Partnership countries. https://www.oecd.org

World Bank. (2023). Doing Business in Ukraine: Regional Entrepreneurship Review. https://www.worldbank.org

Published

2025-10-20

Issue

Section

Entrepreneurship, Trade and Exchange Activities

How to Cite

Kornetskyy, A. (2025) “Entrepreneurial ecosystem as a multilevel system of socio-economic development: theoretical analysis and typological approaches”, Management and Entrepreneurship: Trends of Development, 3(33), pp. 194–201. doi:10.26661/2522-1566/2025-3/33-15.