What is meant by an entrepreneurial ecosystem and how might it support the development of your new entrepreneurial ventures?

For this assessment task you are required to map the entrepreneurial ecosystem. Last few weeks, we have developed a few ideas for a business venture, now it is time to selected one of those ideas and map your entrepreneurial ecosystem, observe, analyse and visualize. In the tutorial we will develop some initial mapping of your ecosystem (attached this map in the appendix). You are required to write a short (one page) answer to the following questions: What is meant by an entrepreneurial ecosystem and how might it support the development of your new entrepreneurial ventures? What challenges will you encounter in the entrepreneurial ecosystem you have mapped? Use examples to support your answers.