Start-up
A start-up is a newly established business, typically in its initial stages of operation. It is often founded by entrepreneurs seeking to develop a unique product or service with the potential for significant growth. Start-ups are frequently associated with innovation and technology, often reliant on funding from investors or venture capital to scale their operations.
Start-up meaning with examples
- After years of working for established companies, Maria decided to take the plunge and launch her own start-up focused on eco-friendly packaging solutions. With a passion for sustainability, she aimed to revolutionize the industry but knew that securing initial funding would be a challenge.
- The tech start-up that Sean co-founded quickly gained traction after winning a prestigious pitch competition. Their innovative app, which simplifies personal finance management, attracted the attention of venture capitalists eager to invest in promising companies within the fintech sector.
- In recent years, the local incubator has nurtured numerous start-ups, offering mentorship and resources to aspiring entrepreneurs. Many participants have gone on to successfully launch their projects, contributing to the region's economic development and attracting additional investment.
- As an entrepreneur, Jane was aware of the risks involved in starting a start-up, but she also recognized the immense rewards. By building a strong network of advisors and focusing on customer feedback, she felt confident that her new health-tech venture would thrive in a competitive market.