These domains show that the entrepreneurial ecosystem contains a change from a traditional economic thinking to a newer economic view of people, networks and institutions (Stam & Spigel, 2016).
One characteristic of entrepreneurial ecosystems is the flow of information during the entrepreneurial process. In this “rich information” environment, individuals can have access to the knowledge of the buyers, the new technologies, the operating possibilities, the equipment availability, marketing concepts and therefore find the opportunities of products and services that are needed (Mason & Brown, 2014).
The entrepreneurial ecosystem must have an interconnected relationship and cooperative approach between the different actors that is composed by. In order to be a dynamic ecosystem, people and ideas exchange between themselves in order to create new ventures, merge current businesses and bring up new innovations together (Auerswald, 2015).
The result of the interaction of the different domains of the ecosystem is the entrepreneurial activity. This output is considered as the process in which the individuals turn the opportunities into innovations.
Gradually, the outcome of the new service or product will bring to society new value. The entrepreneurial activity will have form of an innovative and or high growth potential start-up, as well as entrepreneurial employees (Stam & Spigel, 2016).