Publication Details
Abstract
In recent years, the development of youth entrepreneurship has become one of the priority directions of state economic policy. Despite the positive progress achieved in this area, young entrepreneurs continue to face numerous challenges in establishing and sustainably developing their businesses. These challenges include limited access to financial resources, insufficient professional advisory services, inadequate integration into innovation infrastructure, weak market connectivity, and difficulties in attracting investment. This situation highlights the need to improve the existing support mechanisms for youth entrepreneurship by transforming them from isolated initiatives into a unified and interconnected entrepreneurial ecosystem. In international practice, the entrepreneurial ecosystem is recognized as a comprehensive model based on the interaction of government institutions, higher education institutions, financial organizations, business incubators, accelerators, investors, mentoring networks, digital platforms, and the private sector. Such an integrated approach facilitates young people's entry into entrepreneurial activities, accelerates the commercialization of innovative ideas, promotes job creation, and enhances the long-term sustainability and competitiveness of business enterprises.