Study of the Function of Startup, Incubators, And Accelerators in Promoting Economic Growth of a New Business

The entrepreneurial ecosystem has emerged as a critical driver of economic development. Startups, incubators, and accelerators collectively play an important role in shaping new business trajectories and success. Startups bring innovation, introducing disruptive products, services, and creative business models that create jobs, stimulate competition, and enhance productivity in the market. Incubators provide structured support such as mentorship, infrastructure, funding access, and networking, which help reduce risks and foster the stabilization of new businesses. Accelerators further support them with programmatic interventions that emphasize rapid scaling of business, improve market access, and investment readiness, enabling ventures to achieve sustainable growth and competitiveness. This study uses a qualitative research design and is based on secondary data collected from academic literature, policy documents, government reports, and case studies. The descriptive method is applied to systematically analyze and explain the roles and functions of startups, incubators, and accelerators in supporting entrepreneurial activity and economic growth. The analysis demonstrates that startups, incubators, and accelerators, both individually and synergistically, help strengthen entrepreneurial skills by enhancing innovation potential, improving access to finance, fostering skill development, and supporting growth in different regions and sectors. The findings also suggest that the integrated role of startups, incubators, and accelerators extends beyond the success of individual enterprises to contribute to national economic resilience. By promoting sustainability, encouraging diversification, and enhancing global competitiveness, they ensure long-term economic stability. The study highlights the significance of robust government policy frameworks and institutional mechanisms are very important to strenghthen entrepreneurial ecosystems, thereby maximizing their developmental impact.