A startup is a newly established business, typically founded by one or more entrepreneurs, aimed at developing a unique product or service to address a specific market need. Startups are characterized by their innovative nature, often leveraging technology or novel business models to disrupt existing industries or create entirely new ones. They are usually in the early stages of development, seeking to grow rapidly and scale their operations. Startups often face high levels of uncertainty and risk but also offer the potential for significant growth and impact.