The importance of macro conditions for creating an environment conducive for startups to establish themselves and grow is emphasised. This paper considers the influence of two sets of macro foundations, domestic ecosystems and entrepreneurial networks as well as entrepreneurship education and research, on perceived emerging micro entrepreneurial activity. We show that the domestic ecosystem affects entrepreneurial networks, and together with entrepreneurship education, they have an impact on emerging entrepreneurial activity. Macro entrepreneurial factors also drive emerging entrepreneurial activity directly, and these relationships call for more research.
