4. The Emergence of Entrepreneurial Ecosystems

In order for a start-up to succeed, it needs an environment that facilitates the entry of experienced and/or creative minds into the company so that they can bring in, organize, and build a business model that is capable of achieving scalable growth within the short term, and that can attract established or new investors to finance and know-how providers in order to fund the start-up in a scalable and profitable manner. There is no doubt that the development of industrial ecosystems requires the presence of agglomeration. There are a number of features that are present in the German entrepreneurial ecosystem, which are discussed in this chapter, along with the advantages of its location, the impact of conurbation, and also the steps that need to be taken to formalize and fuel the advancement of it. Towards the end of this chapter, we provide a detailed description of the measures and initiatives undertaken by different government agencies.