The correct term is startup.
A startup is a new business designed to offer a novel product or service for market demands.
Startups characteristically possess limited resources, innovative concepts, and an emphasis on swift expansion.
They frequently function in volatile markets, depending on investments or venture capital for initial funding.
Numerous startups commence with small workforces and adaptable frameworks to facilitate rapid adjustments.
Well-known examples are Airbnb, Uber, and Spotify, all of which began as startups before achieving global reach.