A newly established, growing company — often referring to startups that are rapidly developing, especially in fields like IT.
新興企業は試作品の改良を繰り返して市場に挑んでいる。
The startup is repeatedly improving its prototype as it challenges the market.
投資家は将来性のある新興企業に資金を投じた。
Investors put funds into a promising startup.
あの都市は新興企業の集積地として知られている。
That city is known as a hub for startups.