It takes an ecosystem to raise a successful start-up

The geography of entrepreneurship is "spiky", meaning that from region to region there are significant variations in rates of start-ups and, in particular, "scale-ups"—new businesses that are evolving into larger enterprises.

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Entrepreneur

An entrepreneur (i/ˌɒntrəprəˈnɜr/) is an owner or manager of a business enterprise who makes money through risk and initiative. The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Jean-Baptiste Say, a French economist, is believed to have coined the word "entrepreneur" in the 19th century - he defined an entrepreneur as "one who undertakes an enterprise, especially a contractor, acting as intermediatory between capital and labour". A broader definition by Say: "The entrepreneur shifts economic resources out of lower and into higher productivity and greater yield."[clarification needed]

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