Authors: Sandhya Kumari, Manohar Jain, Selva Kumar
Abstract: Digital platforms have emerged as powerful catalysts in accelerating startup ecosystems by providing entrepreneurs with unprecedented access to markets, funding, collaboration, and resources. By lowering traditional barriers to entry, enabling rapid scalability, and fostering vibrant communities, these platforms have transformed how startups are conceived, launched, and grown. This article examines the multifaceted role digital platforms play in enhancing market reach, facilitating funding through crowdfunding and online angel networks, and building global entrepreneurial networks. It also addresses challenges such as digital inequality, data privacy concerns, and regulatory complexities that startups and ecosystem stakeholders must navigate. Highlighting case studies of successful platform-enabled startups and ecosystems, the article explores future trends driven by emerging technologies like artificial intelligence, blockchain, and the Internet of Things, which promise to further evolve platform capabilities. Policymakers, investors, and entrepreneurs alike must understand and strategically leverage digital platforms to foster inclusive, resilient, and innovative startup ecosystems that drive economic growth and technological progress worldwide.
DOI: http://doi.org/10.61137/ijsret.vol.10.issue6.663
