Meaning of the word startup in English

What does startup mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

startup

US /ˈstɑːrt.ʌp/
UK /ˈstɑːt.ʌp/

Noun

a newly established business

Example:
Many young entrepreneurs dream of launching their own successful startup.
The tech industry is full of innovative startups.