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1
Makai, Attila Lajos. "Startup ecosystem rankings." Hungarian Statistical Review 4, no. 2 (2021): 70–94. http://dx.doi.org/10.35618/hsr2021.02.en070.
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The number, importance, and popularity of rankings measuring innovation performance and the strength and resources of ecosystems that provide its spatial framework are on an increasing trend globally. In addition to influencing the specific decisions taken by economic actors, these rankings significantly impact the development of innovation-related policies at regional, national, and international levels. The importance of startup ecosystems is proven by the growing scientific interest, which is demonstrated by the increasing number of related scientific articles. The concept of the startup ecosystem is a relatively new category, the application of which in everyday and scientific life has been gaining ground since the end of the 2000s. In parallel, of course, the demand for measurability and comparability has emerged among decision-makers and scholars. This demand is met by startup ecosystem rankings, which now measure and rank the performance of individual ecosystems on a continental and global scale. However, while the number of scientific publications examining rankings related to higher education, economic performance, or even innovation, can be measured in the order of thousands, scientific research has so far rarely or tangentially addressed the rankings of startup ecosystems. This study and the related research intend to fill this gap by presenting and analysing the characteristics of global rankings and identifying possible future research directions.
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Pustovrh, Ales, Marko Jaklič, Domen Bole, and Blaž Zupan. "How to Create a Successful Regional Startup Ecosystem: A Policy-making Analysis." Lex localis - Journal of Local Self-Government 17, no. 3 (July 25, 2019): 747–68. http://dx.doi.org/10.4335/17.3.747-768(2019).
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The paper analyses regional startup ecosystems in South-East Europe and policy measures implemented in individual ecosystems. It shows that different startup ecosystems have different levels of support measures and different levels of success in creating, growing and retaining local startups and attracting startups from other regions. Results show that policy-makers can help create attractive ecosystems and thus create business environments that can greatly enhance the attraction of their ecosystem for domestic startup and attract foreign startups. If successful, this can result in a virtuous circle of constantly increasing attractiveness of a regional startup ecosystem.
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Duma, Oleh, and Kateryna Zavtura. "Startup ecosystem in Europe: best practices and lessons for Ukraine." Management and Entrepreneurship in Ukraine: the stages of formation and problems of development 2021, no. 1 (June 1, 2021): 119–30. http://dx.doi.org/10.23939/smeu2021.01.119.
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The scientific research paper examines the European experience in the development of startup ecosystems. The definitions of scientists of the concepts “startup” and “ecosystem of startups” are given. The importance of the development of the startup ecosystem for Ukraine and possible ways to find better solutions to strengthen such development are identified. Factors of internal influence on the startup ecosystem are analyzed, which include cultural (general business culture, history of successful business creation), social (human talent, investment capital, social networks, and mentors) and material, which has a specific geographical location (government agencies, universities, service companies, physical infrastructure, and open local markets). The structural components of the startup ecosystem are analyzed, their role in the functioning of the system and interconnections are revealed. The functioning of ecosystems of startups in Great Britain, Estonia, Germany, Switzerland, Sweden, and Finland are researched. The focus of the analysis was the structural elements of the startups ecosystem in these countries and their impact on the overall result. Statistics on venture capital flows, accelerators, and the total number of startups in leading European countries are analyzed. The main factors of successful functioning of the ecosystem of startups are revealed and the experience of European startup ecosystems are systematized. The Ukrainian ecosystem of startups is analyzed, their structural components and significant shortcomings that hinder its development are described. Weaknesses of the Ukrainian ecosystem of startups include lack of state support, insufficient funding, including due to international capital, underdeveloped infrastructure to support startups, lack of expertise and experience, the unfavorable investment climate and weak international ties. Possibilities and expediency of dissemination of European experience in the development of the Ukrainian ecosystem of startups is substantiated. Possible directions of application of the European experience of development of ecosystems of startups in Ukraine are substantiated. Three main steps have been proposed to strengthen the development of the Ukrainian ecosystem of startups based on European experience and in the context of Ukraine’s path to integration with the European Union.
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Marakhina, I. V. "Theoretical Aspects of the Functioning of Startup Ecosystem." Digital Transformation, no. 3 (October 14, 2020): 31–38. http://dx.doi.org/10.38086/2522-9613-2020-3-31-38.
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The article examines the startup ecosystem and identifies its characteristics which determine the effectiveness and success of startups - the main producing elements of the system. The author points out the differences between startups and other small business entities, highlights their strengths and weaknesses, justifies the need to consider them within the ecosystems. The author identifies the micro and macro levels of the startup ecosystem which depend on the nature of the impact on startups. At the same time the article focuses on the development of the ecosystem itself, the factors that influence it are highlighted. The analysis of the elements of the startup ecosystem is carried out, the requirements for them are described, based on the results of the study is proposed a theoretical model of the startup ecosystem. The main characteristics of startups in the ecosystem are highlighted. The nature of relations with organizations and events providing startups with resources - the micro level of the ecosystem are described. A detailed assessment of the role of micro-level elements and their characteristics is given. The proposed model can be used to assess the level of development of a particular ecosystem, search for bottlenecks and problems of its functioning, and develop recommendations for creating and developing a startup ecosystem.
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N., Sytnik. "THE STATE AS A SUBJECT OF FORMATION OF THE NATIONAL STARTUP ECOSYSTEM." Scientific Bulletin of Kherson State University. Series Economic Sciences, no. 40 (December 24, 2020): 30–35. http://dx.doi.org/10.32999/ksu2307-8030/2020-40-5.
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The realization of Ukraine's innovation potential is permanently hampered by a number of political and socio-economic factors. However, despite numerous problems in the economy, innovative entrepreneurship in the form of startup projects shows stable growth. The Ukrainian startup sector has become one of the few sectors of the economy that has been developing dynamically in recent years. International experience indicates that the state is an important player in building the national startup ecosystem. In particular, the state plays a leading role in preventing the outflow of startups to other world ecosystems. The purpose of the article was to establish the features of the state support for the national startup ecosystem and outline the ways to strengthen this support. Based on the analysis of international experience, the existing approaches, methods, and tools used in the world practice to support the startup ecosystems were identified. In terms of the development of the startup ecosystems, two major types of state policies are outlined: proactive policy and reactive policy. The paper provides key characteristics of theses types of policies. The analysis of government support for national startup ecosystem was conducted. Although the development of innovative entrepreneurship was defined as a strategic priority of Ukrainian government, the speed of implementation of practical measures aimed at achieving this goal is insufficient. Positive tendencies in the state support of Ukrainian startups as well as the main directions for state stimulation of the domestic startup ecosystem were highlighted.To stimulate the development of the domestic startup ecosystem, the following areas of state support were considered: legal regula-tion, startup investment, human capital development, competence centers, infrastructure development, media and event management. The factors that inhibit state support for startups were identified. In addition, the role of the private sector in building the national ecosys-tem of startups was outlined. Promising area of further research is the analysis of trends in the global startup industry and comprehension of international experience to elaborate efficient tools for domestic startup ecosystem support. Keywords: startup, startup ecosystem, state policy, investments in startups, human capital, startup ecosystem infrastructure. У статті розглядається роль держави як суб’єкта формування вітчизняної екосистеми стартапів. На основі аналізу міжнарод-ного досвіду визначені існуючі у світовій практиці підходи до формування державної політики підтримки екосистеми стартапів, напрями та практичні інструменти стимулювання стартапів. Висвітлені відмінності між проактивною та реактивною політикою стимулюванння екосистеми стартапів. Проаналізовано сучасний стан державної підтримки стартапів в Україні. Хоча в Україні розвиток інноваційного підприємництва визначений як стратегічний пріоритет державної політики, однак темпи імплементації практичних заходів, спрямованих на досягнення цієї мети, є недостатніми. Визначені інструменти державного стимулювання вітчизняної екосистеми стартапів, що відносяться до державно-правового регулювання, інвестування стартапів, розвитку людського капіталу, створенння центрів компетенцій, інфраструктурного забезпечення, медіа та івент менеджменту. Ключові слова: стартап, екосистема стартапів, політика підтримки стартапів, інвестування стартапів, людський капітал, інфраструктура стартапів.
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Kokhan, Marianna, and Anastasiya Mazur. "Regional determinants in the development of the Lviv startup ecosystem." Regional Economy, no. 4(94) (2019): 74–86. http://dx.doi.org/10.36818/1562-0905-2019-4-6.
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The article considers the concept of startups and ecosystems of startup development. It investigates the innovativeness ratings of countries and regional ecosystems of startups and the factors influencing the successful development of startups. The article considers the ranking of the best regional startup ecosystems in the world. It covers the experience of the leading regions, whose effectiveness is driven by attention to financing, networking, expanding access to markets, attracting and nurturing talents, accumulating experience and scientific development. Particular attention is given to the impact of the specialization and effectiveness of the regional focus strategy. Based on the methodology and results of the Global Startup Ecosystem Ranking 2019, authors have empirically investigated the startup ecosystem of the Lviv city. Authors described and systemized the startups operating in the city, the elements, and dynamics of the urban startup infrastructure. The preconditions for successful development of startups - financing, talents, experience, connectedness, access to markets - have been identified. The effectiveness of the activity of city authorities, the local policy of promoting the startup environment development - documents, measures and results – have been investigated. The main factors of Lviv’s regional leadership in the development of digital startups in Ukraine are: the dynamic development of the IT industry, the development of digital competencies and the concentration of talent in leading universities, the development of corporate universities and innovative infrastructure, the development of infrastructure and comfort in the city. For the development of the Lviv startup ecosystem, it is recommended to focus the efforts on further accumulation and transfer of experience, retention of talents, improvement of technology transfer systems, focusing on areas of exclusive competence while expanding access to finance and the global market.
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Barilli, Federico. "Italia Startup Association: The Italian Startup Ecosystem." Symphonya. Emerging Issues in Management, no. 3 (2015): 87. http://dx.doi.org/10.4468/2015.3.12barilli.
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DEMIANENKO, Nataliia, Ilona YASNOLOB, Oleg GORB, Oleksii Zoria, Liudmyla CHIP, Oksana PESTSOVA-SVITALKA, Olesia DUBOVYCH, Pavel SHVEDENKO, and Tetiana BARDINA. "Innovative Approaches to the Formation and Development of the Startup Ecosystem." Journal of Environmental Management and Tourism 12, no. 3 (June 4, 2021): 668. http://dx.doi.org/10.14505//jemt.v12.3(51).06.
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The article is devoted to considering the peculiarities of startup ecosystem formation. Modern theoretical views on the definition of startup ecosystem have been studied. The author’s definition of “startup ecosystem” term has been given. Innovation and entrepreneurial ecosystems aimed at creating innovative products and services by startup companies have been analyzed. The structural elements of startup ecosystem under endogenous and exogenous changes in the business environment have been singled out. The situation of startup development in Ukraine and their further prospects have been analyzed. Emphasis has been placed on the formation of entrepreneurial universities as an important component of the ecosystem. The experience of leading countries in the implementation and formation of startup ecosystem has been studied and adapted.
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Thu Ha, Nguyen Thi, and Vu Thi Thu Huyen. "Promoting the Innovative Startups in Vietnam through the Network Connecting Startup Ecosystem Actors." European Journal of Business and Management Research 6, no. 4 (August 18, 2021): 306–10. http://dx.doi.org/10.24018/ejbmr.2021.6.4.999.
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Vietnam is currently affirming its position in the global startup ecosystem map with the 59th ranking in the world. The great achievements in recent years have shown the spirit of "start-up nation", which is the result of the efforts of the entire political – economic – social system of the country. However, Vietnam's innovative startup ecosystem still has many difficulties and is still loose in linkage and cooperation between components and actors of the startup ecosystem. This article focuses on analyzing the status of linkages and cooperation between actors in the startup ecosystem such as state managers, investors, researchers and trainers, etc. at the same time learning experiences from successful countries in start-up, on that basis, proposes a number of solutions to develop Vietnam's innovative start-up connection network.
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Chaudhari, Sagar Lotan, and Manish Sinha. "A study on emerging trends in Indian startup ecosystem: big data, crowd funding, shared economy." International Journal of Innovation Science 13, no. 1 (January 7, 2021): 1–16. http://dx.doi.org/10.1108/ijis-09-2020-0156.
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Purpose India ranks third in the global startup ecosystem in the world incubating more than 50,000 startups and witnessing 15% YoY growth per year. Being a center of innovation and skilled labor, Indian startups have attracted investments from all over the world. This paper aims at exploring the trends that are driving the growth in the Indian startup ecosystem. Design/methodology/approach Top 200 startups according to valuation are selected as a sample to find out the major trends in the Indian startup ecosystem. This paper includes surveying the sample startups about the implementation of trends such as big data, crowdfunding and shared economy in their startup and its tangible, as well as intangible impacts on their business. The result of the survey is analyzed to get an overview of the emerging trends in the Indian startup ecosystem. Findings Major ten emerging trends that drive growth in the Indian startup ecosystem are discovered and the areas where these trends can be leveraged are identified. Originality/value This research has contributed toward structuring and documenting the growth driving trends, and it will help the budding entrepreneurs to get familiar with the contemporary trends, pros and cons associated with it and the ways to leverage these trends to build a successful startup.
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TUMANYAN, VAHE. "Role of Unicorn Startups in Developing the Country's Startup Ecosystem." Messenger of Armenian State University of Economics, no. 6 (2021): 137–49. http://dx.doi.org/10.52174/1829-0280_2021_6_137.
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Bhatt, Nityesh, Ritesh Kumar Verma, and Punit Saurabh. "Technology Startup Ecosystem in India." International Journal of Business Innovation and Research 1, no. 1 (2020): 1. http://dx.doi.org/10.1504/ijbir.2020.10031105.
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Salamzadeh, Aidin, and Hiroko Kawamorita Kesim. "The enterprising communities and startup ecosystem in Iran." Journal of Enterprising Communities: People and Places in the Global Economy 11, no. 4 (August 14, 2017): 456–79. http://dx.doi.org/10.1108/jec-07-2015-0036.
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Purpose Startups play a significant role in improving societies. This paper concentrates on the concept of “startups” and attempts to present a more comprehensive view of this phenomenon. Also, the focus of this paper is on investigating enterprising communities and the startup ecosystem in Iran. Design/methodology/approach The existing literature is carefully reviewed, definition and views are explored and the story of this phenomenon is told from the formation to the exit stage. The author elaborates the existing stages and challenges of startups in Iran. To do so, 65 tech startup founders are interviewed. Semi-structured interviews (SI) were based on previous studies mentioning the lifecycle of the startups, and were fully recorded. Moreover, secondary sources of data (SS) were used to support the findings. Findings The paper classifies the extant theories of startups in two levels, i.e. macro level, and micro and meso levels. Also, it defines some steps for the formation of startups and studies the Iranian startup ecosystem. Last but not the least the paper contributes to the startup ecosystem of Iran which is changing disruptively, especially in the last couple of years. Research limitations/implications Findings of this research shed light on the existing ecosystem of startups in Iran, which is rarely studied in previous research. Lack of enough evidence in the existing literature of startup ecosystem in Iran was the most significant limitation of the research which increased the need for more investigation and elaboration. Originality/value The paper contributes to understanding the startup ecosystem in Iran, and the challenges.
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Meero, Abdelrhman, Habeeb Ur Rahiman, and Abdul Aziz Abdul Rahman. "The prospects of Bahrain’s entrepreneurial ecosystem: an exploratory approach." Problems and Perspectives in Management 18, no. 4 (December 21, 2020): 402–13. http://dx.doi.org/10.21511/ppm.18(4).2020.32.
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Having a positive environment and enforcement in a social-political economy is necessary to poster an effective entrepreneurial climate. The passion for self-startups and risk-taking attitude are entrepreneurs’ traits with effective motivations, innovation, creativity, persistence, and flexibility. This helps the entrepreneur succeed and excel in their business. The success of a new project adventure is a crucial matter in business and investment. The literature review revision allows detecting the most attractive factors, the main reasons for startup failure, and the challenges facing entrepreneurs and new projects. This review paper enlightens Bahrain’s entrepreneurship ecosystem’s attractiveness and argues how the economy in the Kingdom of Bahrain encourages startup companies to establish and develop their business. The analysis results illustrate that the Government of Bahrain’s support system with effective public institutions and encouraging society are significant factors contributing to the success of the startup project. Nourishment extended by the government institutions and other supportive organizations like Tamkeen, Injaz, and EDB simplifies the formation of startup projects and support their sustainable growth. Analyzing the most common reasons for startup failure, the paper presents the proposed solutions to avoid these traps. It suggests the appropriate bodies in the entrepreneurship ecosystem, supporting and helping entrepreneurs overcome these difficulties.
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Ahluwalia, Saurabh, and Sul Kassicieh. "Effect of Financial Clusters on Startup Mergers and Acquisitions." International Journal of Financial Studies 10, no. 1 (December 24, 2021): 1. http://dx.doi.org/10.3390/ijfs10010001.
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The conventional wisdom has maintained that being in proximity to entrepreneurial ecosystems helps startups to raise financing, develop and grow. In this paper, we examine the effect of a major component of an entrepreneurial ecosystem-financial or venture capital clusters on the exit of a startup through mergers and acquisitions (M&A). We find that probability of successful exit through M&A increases if the venture capitalist invested in the startup is in a venture capital (VC) cluster. Location of the startup in a top VC cluster is not significant for success once we control for the location of the VC in a top VC cluster.Our results are robust to different specifications of the models that use different time periods, reputation of VC, industry, and the quality of the startup company. Our results provide evidence for VCs, startups and policy makers who want to better understand the components of entrepreneurial ecosystems and their relation to the M&A exits of startups.
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Tripathi, Nirnaya, Markku Oivo, Kari Liukkunen, and Jouni Markkula. "Startup ecosystem effect on minimum viable product development in software startups." Information and Software Technology 114 (October 2019): 77–91. http://dx.doi.org/10.1016/j.infsof.2019.06.008.
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Boiarynova, Kateryna, and Kateryna Kopishynska. "Analysis of Logistics Startups Development in the EU Countries and Ukraine." Science and Innovation 17, no. 2 (April 27, 2021): 105–16. http://dx.doi.org/10.15407/scine17.02.105.
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Introduction. Accelerating technological development is a driving force of innovative entrepreneurship inall areas. Young and creative people offer to the market their non-standard solutions in the form of startupprojects. Currently, the development of a startup ecosystem reflects country’s interest in and promotion of newtechnologies.Problem Statement. The efficiency of transport and logistics activities reflects the development of the infrastructure of a country as a whole and significantly affects the efficiency of economic activities. The development and implementation of logistics startups, given the experience of advanced economies, may help find solutions to certain problems of industry and its further development.Purpose. The purpose is to analyze the market of logistics startups of the EU Member States and Ukraine, todetermine the directions of its further development.Materials and Methods. In the research, general and special methods have been used: analysis and synthesisfor determining the sectoral structure of formation and development of startups in the EU and Ukraine; correlation analysis for establishing the dependence between the indicators of development of startup ecosystems and indices of logistic activity of countries, grouping for distributing logistic startups of the EU and Ukraine countries by clusters; graphical method for designing a roadmap for logistics startup development.Results. The current sectoral structure of the EU and Ukrainian startups has been researched, the share oftransport and logistics projects has been determined. The EU and Ukraine rankings in terms of the indicators of the development of startup ecosystems and logistic activity have been analyzed. The correlation analysis has shown a sufficiently close relationship between countries' ratings of startup ecosystems and logistics activity. The mainlogistics startups of the EU and Ukrainian countries are grouped in certain clusters of logistics startups. A roadmap for the development of logistics and transport startups for the EU and Ukraine has been proposed.Conclusions. To date, logistics startups are not among the priorities for the market development in the EU and Ukraine. However, logistical activity in the country may be not only one of the areas where startups are developed, but also a part to the infrastructure of the startup ecosystem. Both the EU Member States and Ukraine are expected to develop startups in high-tech clusters in the future.
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Singh, Shiwangi, Akshay Chauhan, and Sanjay Dhir. "Analyzing the startup ecosystem of India: a Twitter analytics perspective." Journal of Advances in Management Research 17, no. 2 (November 18, 2019): 262–81. http://dx.doi.org/10.1108/jamr-08-2019-0164.
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Purpose The purpose of this paper is to use Twitter analytics for analyzing the startup ecosystem of India. Design/methodology/approach The paper uses descriptive analysis and content analytics techniques of social media analytics to examine 53,115 tweets from 15 Indian startups across different industries. The study also employs techniques such as Naïve Bayes Algorithm for sentiment analysis and Latent Dirichlet allocation algorithm for topic modeling of Twitter feeds to generate insights for the startup ecosystem in India. Findings The Indian startup ecosystem is inclined toward digital technologies, concerned with people, planet and profit, with resource availability and information as the key to success. The study categorizes the emotions of tweets as positive, neutral and negative. It was found that the Indian startup ecosystem has more positive sentiments than negative sentiments. Topic modeling enables the categorization of the identified keywords into clusters. Also, the study concludes on the note that the future of the Indian startup ecosystem is Digital India. Research limitations/implications The analysis provides a methodology that future researchers can use to extract relevant information from Twitter to investigate any issue. Originality/value Any attempt to analyze the startup ecosystem of India through social media analysis is limited. This research aims to bridge such a gap and tries to analyze the startup ecosystem of India from the lens of social media platforms like Twitter.
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Savina, N. P., and E. A. Karpova. "Startup ecosystem: the experience of Israel." International Trade and Trade Policy 7, no. 3 (October 14, 2021): 43–49. http://dx.doi.org/10.21686/2410-7395-2021-3-43-49.
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Israel is one of the most favorable countries for conducting entrepreneurial and innovative activities with the largest number of startups per capita. The article analyzes the culture of creating startups that has developed in Israel as a result of the state policy aimed at developing venture capital and attracting foreign TNCs to the country. Within the framework of this culture, startup projects are in most cases created with the aim of actively attracting funds and selling them to foreign companies as soon as possible to make a profit. However, this model poses a threat to the stability of the economy in the long term. There is a shortage of large stable companies in the country that are able to carry out domestic investments. Moreover, there is a leakage of the most popular and progressive technologies from the country, attention is paid more to the number of new startups and their capitalization, rather than rooting within the country. As a result, Israel is characterized by one of the lowest indicators of the level of technology development among developed countries. To ensure the long-term competitiveness of the country, reforms are needed aimed at retaining intellectual property within the country and its implementation in the branches of the national economy.
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BERECZKI, IZABELLA. "AN OPEN INNOVATION ECOSYSTEM FROM A STARTUP’S PERSPECTIVE." International Journal of Innovation Management 23, no. 08 (December 2019): 1940001. http://dx.doi.org/10.1142/s1363919619400012.
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Being embedded in an open innovation (OI) ecosystem can be the road to success for startups. In order to survive and become competitive, they must collaborate with external partners. Not only could large corporations be suitable partners, but innovation with small and medium enterprises (SMEs) can be constructive and fruitful as well. Furthermore, accelerators, incubators and other institutions can offer value to startups. Despite this fact, little attention has been paid to startups and SMEs embedded in OI ecosystems, especially from their point of view. The aim of this paper is to fulfil this research gap and deliver empirical data about the benefits and challenges of an OI ecosystem orchestrated by a startup and to investigate the potential role of an SME in these ecosystems. To answer the research questions, a case study approach was used.
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Kim, Song Kyoo. "Building up the startup ecosystem in Korea." International Journal of Teaching and Case Studies 6, no. 2 (2015): 170. http://dx.doi.org/10.1504/ijtcs.2015.071269.
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K, Haridas, Surya Prakash, and Naveen K. "Start-ups in india- retrospect and prospects." Journal of Management and Science 9, no. 3 (December 30, 2019): 161–67. http://dx.doi.org/10.26524/jms.2019.18.
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A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location (physical or virtual), interacting as asystem to create and scale new startup companies. These organizations can be further divided into categories such as universities, funding organizations, support organizations research organizations, service provider organizations and large corporations.The start of 2016 witnessed the launch of the Start-up India initiative and a multitude of policies announced to help accelerate the growth of India’s startup ecosystem. The year witnessed the overall tech start-up base in India cross 4750,having grown at 10-12% . Indian start-up ecosystem also became more prudent with both investors and start-up founders focusing on profitability and optimizing the overall spend.
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Hao, Van Thien. "Developing a FinTech Ecosystem in Vietnam: Opportunities and Challenges for Startups." SHS Web of Conferences 89 (2020): 04001. http://dx.doi.org/10.1051/shsconf/20208904001.
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In the article, the author has analyzed the current situation of fintech market development and Vietnam’s startup ecosystem in recent years. The research results show that, in the past 3 years, the number of fintech companies in Vietnam has nearly quadrupled, the market value in 2020 is estimated at 9 billion USD. With 72% of adults using smartphones, nearly 64% of the population using the Internet, along with the young generation of technology-savvy, the explosion of e-commerce and the support of the Government, Vietnam is a potential market for implementing tech startup models. Opportunities and challenges for fintech startups in Vietnam have been discussed by the author, from which solutions to develop fintech ecosystems are proposed in the upcoming time.
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Lingens, Bernhard, Maximilian Böger, and Oliver Gassmann. "Even a Small Conductor Can Lead a Large Orchestra: How Startups Orchestrate Ecosystems." California Management Review 63, no. 3 (April 9, 2021): 118–43. http://dx.doi.org/10.1177/00081256211005497.
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Contrary to existing literature, startups can be successful orchestrators of ecosystems. Based on nine qualitative case studies, this article introduces four archetypes that shed light on how a startup can fulfill the tasks of an orchestrator and overcome challenges. The findings identify dimensions of standardization/customization and sources of value creation as defining the role of ecosystem orchestrators and demonstrate the consequences for small and medium-sized enterprises (SMEs), corporates, investors, and accelerators involved in such ecosystems.
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Saura, José Ramón, Ana Reyes-Menéndez, Nelson deMatos, and Marisol B. Correia. "Identifying Startups Business Opportunities from UGC on Twitter Chatting: An Exploratory Analysis." Journal of Theoretical and Applied Electronic Commerce Research 16, no. 6 (June 26, 2021): 1929–44. http://dx.doi.org/10.3390/jtaer16060108.
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The startup business ecosystem in India has experienced exponential growth. The amount of investment in Indian startups in the last decade demonstrates the strong interest of the technology industry to these business models based on innovation. In this context, the present study aims to identify investment opportunities for investors in Indian startups by identifying key indicators that characterize the startup ecosystem in India. To this end, a three steps data mining method is developed using data mining techniques. First, a sentiment analysis (SA), a machine learning approach that classifies the topics into groups expressing feelings, is applied to a dataset. Next, we develop a Latent Dirichlet Allocation (LDA) model, a topic-modeling technique that divides the sample of n = 14.531 tweets from Twitter into topics, using user-generated content (UGC) as data. Finally, in order to identify the characteristics of each topic we apply textual analysis (TA) to identify key indicators. The originality of the present study lies in the methodological process used for data analysis. Our results also contribute to the literature on startups. The results demonstrate that the Indian startup ecosystem is influenced by areas such as fintech, innovation, crowdfunding, hardware, funds, competition, artificial intelligence, augmented reality and electronic commerce. Of note, in view of the exploratory approach of the present study, the results and implications should be taken as descriptive, rather than determining for future investments in the Indian startup ecosystem.
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Peter, Lukas M., Andrea Back, and Tina Werro. "Conceptual Framework for Collaborative Open Innovation With a Startup Ecosystem." International Journal of Innovation in the Digital Economy 11, no. 1 (January 2020): 21–43. http://dx.doi.org/10.4018/ijide.2020010102.
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Collaboration and the startup ecosystem have become key elements within the discourse pertaining to open innovation processes in big corporations and startups alike. Even though the practice and academic use of such terms to describe these forms of collaboration with startup ecosystems has increased over the last five years, little research has been done to precisely define their meaning and characteristics within the context of open innovation. The purpose of this article is to investigate these terms, as well as to examine how they differ from related and often-interchanged concepts. By means of a systematic literature review, these definitions are derived, and a foundation for theoretical knowledge is provided. These definitions are expected to facilitate a consensus in the understanding and usage of these terms among academics and professionals.
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Ivanova, N., D. Kucherenko, Т. Kuznetsova, N. Hurzhyi, and L. Lutay. "STARTUP AS A STRATEGIC COMPONENT OF THE DEVELOPMENT OF THE CREATIVE ECONOMY OF UKRAINE." Financial and credit activity problems of theory and practice 5, no. 40 (November 8, 2021): 389–98. http://dx.doi.org/10.18371/fcaptp.v5i40.245190.
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Abstract. The radical changes that took place at the end of the last century contributed to the emergence of a creative economy. Unlike previous economies, in which the main factors of production were production capacity, land and labor, the basis for the development of the creative economy was the creative potential of man. The current economic situation in Ukraine faces many challenges that need to be confronted with viable solutions. The occupation of Crimea cost Ukraine 3.6% of GDP, and the occupied territories of Donbass cost another 15% of GDP and 25% of all Ukrainian industry. In addition, many industries and factories in Ukraine are physically and morally obsolete and require large capital investments. These problems, which, as the experience of Ukraine shows, are not solved by traditional tools, force us to look for non-standard ways to solve them. Such approaches are offered by the creative economy.To assess the opportunities provided to Ukraine by the development of the national creative economy, the article considers the positive effects of the creative economy as evidenced by the successful experience of other countries. Such effects are the formation of creative human capital, increasing incomes, increasing tolerance, the revival of depressed regions. However, the realization of these positive effects is possible provided that there are components of the creative economy in Ukraine. Research by Ukrainian scientists proves that in Ukraine there are the main features of the creative economy, namely: creative industries; creative class as a basis of the creative lever of development of creative economy; young, creative, ambitious entrepreneurs — startups. A key factor in the development of the creative economy is creative human capital, an essential component of which are entrepreneurs — innovators who establish startups to implement their ideas. Analyzing the various definitions of the category «startup», the authors concluded that the most acceptable is one that reflects the fundamental difference between startups and other businesses, namely: a startup is a business structure based on revolutionary innovations, the purpose of which is to solve a specific problem presentation of a new product or service in conditions of extreme uncertainty. Taking into account the innovative nature of startups, their impact on the creation and development of creative industries and the creative economy in general allowed the authors to conclude that startups are a strategically important component of the development of the creative economy. Research has shown that the Ukrainian startup ecosystem has good potential for development. However, the Government of Ukraine is not yet paying due attention to the development of the ecosystem for the successful creation and operation of domestic startups. Only in the last few years has Ukraine begun to support innovative products at the state level. Examples of such support are the creation of the Invention Support Fund of the Ministry of Economic Development and the Ukrainian Startup Fund. In addition, according to the strategy for the development of innovation for the period up to 2030, startups are a structural part of the national innovation ecosystem. However, intensive long-term work is needed to create an effective startup support ecosystem. Even with large investments and the desire to replicate the successful ecosystems of Silicon Valley or New York, it is very difficult, because their infrastructure was formed over 30 years. Keywords: creative economy, positive effects, creative human capital, startup, ecosystem of startups. JEL Classification М11 Formulas: 0; fig.: 1; tabl.: 1; bibl.: 14. .
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Roundy, Philip T. "Leadership in startup communities: how incubator leaders develop a regional entrepreneurial ecosystem." Journal of Management Development 40, no. 3 (March 15, 2021): 190–208. http://dx.doi.org/10.1108/jmd-10-2020-0320.
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PurposeScholars are increasingly adopting an ecosystems perspective focused on the complex systems of factors that influence organizations. A type of ecosystem that is receiving significant academic and practitioner attention is the entrepreneurial ecosystem (EE): the interconnected system of actors and forces that supports or hinders entrepreneurship in a geographic area. However, the role that leaders play in ecosystem development, particularly in unmunificent contexts, has received little attention. The purpose of this study was to investigate EE leadership and development and induce a theory explaining how it unfolds.Design/methodology/approachAn inductive research design was combined with the case study methodology to analyze the leadership of an entrepreneurial support organization (an incubator) and its role in developing an entrepreneurial ecosystem.FindingsThe findings revealed that incubator leaders constructed a dynamic leadership model that evolved as the EE developed and was tailored to the region's strengths and weaknesses.Originality/valueThe study contributes to research at the nexus of leadership and entrepreneurship by introducing a new level of analysis (the meta-organization), focusing on an underexamined leader type (the support organization) and emphasizing the interplay between leadership and regional characteristics.
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GUPTA, PREM CHAND. "Role of Startup India Ecosystem and Venture Capital." IOSR Journal of Humanities and Social Science 22, no. 06 (July 2017): 44–46. http://dx.doi.org/10.9790/0837-2206124446.
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Jáki, Erika, Endre Mihály Molnár, and Béla Kádár. "Characteristics and challenges of the Hungarian startup ecosystem." Vezetéstudomány / Budapest Management Review 50, no. 5 (May 14, 2019): 2–12. http://dx.doi.org/10.14267/veztud.2019.05.01.
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Rao, S. V. Ramana, and Lohith Kumar. "Role of Angel Investor in Indian Startup Ecosystem." FIIB Business Review 5, no. 1 (January 2016): 3–14. http://dx.doi.org/10.1177/2455265820160101.
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Kopera, Sebastian, Ewa Wszendybył-Skulska, Joanna Cebulak, and Sebastian Grabowski. "Interdisciplinarity in Tech Startups Development – Case Study of ‘Unistartapp’ Project." Foundations of Management 10, no. 1 (March 24, 2018): 23–32. http://dx.doi.org/10.2478/fman-2018-0003.
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Abstract Empirical data as well as scientific reports confirm that startups require diverse, in-house competencies in order to achieve market success. However, while technology-related competencies are usually brought to new tech ventures by their founders, there is a significant deficiency of market- and management-related competencies, which is reflected in the statistics of common startup failure reasons. In this context, a question arises: how interdisciplinarity of knowledge and competencies can be built into the very core of tech startups? The text addresses this question by zeroing in on the role of universities in this process. In the first part, the specificity of tech startups is analyzed. The next chapter overviews the hitherto academy-related startup education environment together with its shortcomings as far as interdisciplinarity is concerned. Finally, the case study of innovative and interdisciplinary academic ecosystem, which was built and tested within the project UniStartApp, is presented and discussed together with related lessons learned. The text is concluded with final remarks on challenges involved in embedding interdisciplinarity into startup education ecosystem.
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Haines, Troy. "Developing a Startup and Innovation Ecosystem in Regional Australia." Technology Innovation Management Review 6, no. 6 (June 27, 2016): 24–32. http://dx.doi.org/10.22215/timreview/994.
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Haines, Troy. "Developing a Startup and Innovation Ecosystem in Regional Australia." Technology Innovation Management Review 6, no. 6 (June 27, 2016): 24–32. http://dx.doi.org/10.22215/timreview994.
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Cooper, Jim. "Growing Capability and Capacity in the Bluetech Startup Ecosystem." Marine Technology Society Journal 53, no. 4 (July 1, 2019): 11–14. http://dx.doi.org/10.4031/mtsj.53.4.3.
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AbstractAs investment and interest in bluetech increase, there is a need to improve the rigor and methodology commensurate with commercialization. Only then will we see better quality and more numerous bluetech startups entering the ecosystem with the resources they need to gain market traction. Without the proper pedagogy to identify and guide research projects and early-stage technologies and harness the value of the tech in the marketplace, we will fail in establishing bluetech as a salient vertical capable of sustained growth.
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Basu, Paritosh. "Digital Transformation - Startup Ecosystem and People Centric Solution Designing." Management Accountant Journal 54, no. 11 (November 30, 2019): 56. http://dx.doi.org/10.33516/maj.v54i11.56-57p.
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Yulianto, Wagista. "Analysis of The Role of The Government and Ventural Capital On the Development of Startup in Indonesia." International Journal for Innovation Education and Research 8, no. 12 (December 1, 2020): 455–70. http://dx.doi.org/10.31686/ijier.vol8.iss12.2813.
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This study aims to analyze the role of the Government and Venture Capital in the development of startups in Indonesia. Research was conducted on startup companies in 2017 - 2020, analysis from the startup side comes from Qiwii.id which represents successful startups to date and failed Assistantku.com. On the other hand, analysis also comes from the Government and venture capital. The data search method uses direct interviews to data sources, then strengthened by analysis of research data from various parties such as dailysocial.id, Global Startup Genome, Techinasia.com, MIKTI, and various other parties. The research results prove that the Government does not play a direct role in the development of startups in Indonesia, but through the ecosystem, marketing support and regulations. Meanwhile, the taxation aspect of startups does not really have an impact on startups, because the majority of startups do not have income above IDR 4.8 billion (not including the taxpayer category). In terms of Venture Capital, it actually plays an active role in the development of startups because the nature of venture capital which also owns startup shares makes the commitment of both parties to develop their startups high. These various conditions are consistent with the balanced scorecard review in each startup.
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Kurniawan, Dedi, Agus Sofian Eka Hidayat, and Suwinto Johan. "Examining the causal relationship of entrepreneurial ecosystem and process: New contribution from an emerging economy." Jurnal Manajemen dan Pemasaran Jasa 14, no. 1 (April 6, 2021): 19. http://dx.doi.org/10.25105/jmpj.v14i1.8146.
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<p>Existing literature on entrepreneurial ecosystems mostly ignores empirical research on the causal relationship between entrepreneurial ecosystems and their outputs. Therefore, this study examined the causal relationship of the entrepreneurial ecosystem on opportunity recognition, exploitation, and venture growth as its ecosystem outputs. This is quantitative research with the survey method. The study population is startup actors in Indonesia, consisting of owners, chief executive officers, and managers. The accidental sampling method with rigid screening questions was applied and questionnaires were distributed online through social media and messaging apps. The questionnaire was prepared using the Multi-dimensional Entrepreneurial Ecosystem Scale (MEES) to determine the ecosystem construct. Data were analyzed using the Structural Equation Modeling (SEM) techniques in the AMOS application. The result showed that the entrepreneurial ecosystem significantly affects opportunity recognition, exploitation, and venture growth. This fills the gap in this research and helps decision-makers in facilitating a better entrepreneurial ecosystem.</p>
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An, Gi－Don, and Motoki Mizuno. "A Study of Facilitating Korean Youth Startup by Analyzing the U.S. and Korean University Startup Ecosystem." Korea Association of Business Education 33, no. 2 (April 20, 2018): 401–22. http://dx.doi.org/10.23839/kabe.2018.33.2.401.
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Wulandari, Ariani Dwi, and Apol Pribadi Subriadi. "PREPARING THE STARTUP ECOSYSTEM FOR BUILDING A NEW STARTUP BUSINESS DURING PANDEMIC: A SYSTEMATIC LITERATURE REVIEW." International Journal of Electronic Commerce Studies 13, no. 1 (October 21, 2021): 137. http://dx.doi.org/10.7903/ijecs.1996.
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HANAS, Liubov, Oleh DOROSH, Roksana PRYVEDA, and Iryna PLISH. "StartUp projects development." Economics. Finances. Law, no. 12/1 (December 28, 2019): 19–23. http://dx.doi.org/10.37634/efp.2019.12(1).4.
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Introduction. A significant trend of modern business has become the rapid spread of startups - a special organizational structure aimed at developing and implementing high-tech and innovative products. Purpose. The main purpose of the article is to analyze startup activity both in Ukraine and abroad. Results. The innovative potential of Ukrainian startup projects can be determined by analyzing statistics. The rating is given on the Startup Ranking service. Ukraine ranks 43rd in the number of startups in this ranking. The US has not lost its leadership position since 2016. With 243 successful startups, Ukraine has not made it to the Top 20 and has a large gap between leading countries (four thousand successful startup projects). With a slight margin, Ukraine is ahead of countries such as Norway, Kenya and so on. This means that Ukrainian founders need to work better on projects, because too many startups do not approve or fail. A number of mistakes are made at the stage of idea formation. However, part of the fundamental setbacks occur from the moment of investor search for startup. Therefore, the main reasons for the closure of startups in Ukraine and abroad can be identified: incorrect determination of the level of demand for a startup idea, lack of management experience, lack of clear plans of activities (strategic and current), bureaucracy, poor location, limited funding and lack of funds for the implementation of the startup idea, lack of calculations for determining the optimal price and break-even point, badly formed advertising campaign, lack of mechanisms for promoting the startup idea, problems of interaction with invest tors, organizational problems, untimely release or release of a defective product / service. Conclusions. Ukraine has significant innovative potential for startups, including highly-qualified engineering resources, and creates the appropriate infrastructure and ecosystem around startups. As a result, the number of startups receiving international recognition and receiving funding from foreign investors (Ugears, Senstone, SolarGaps, PassivDom, CruiseBe, Effa, Cardiomo, Helko Smart Dumbbels, Picolor, Petcube etc.) is growing.
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CHING, HONG YUH, and Rebeca Moreno Caetano. "Dynamics of Corporate Startup Collaboration: An Exploratory Study." Journal of Management Research 13, no. 2 (April 7, 2021): 22. http://dx.doi.org/10.5296/jmr.v13i2.18217.
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Drawing on two datasets of companies, this paper investigates the underlying dynamics of corporate startup collaboration (CSC) in Brazil as well as the reasons why corporations engage with startup and vice versa. The authors have used several types of collaboration found in the literature and the reasons of collaboration, as the basis to support the research. It suggests that the search for a line of radical innovation and collaboration strategy and also be part of an ecosystem are associated with the significant increase in two years in number of companies, programs, and engagement, resembling international data on the subject. This search for innovation and collaboration strategy and be part of an ecosystem are likely to be driven by three industry sectors that most stand out. Matchmaking, Training & Mentoring and Pilot Project Contracting were the top three types of engagement. They are seen as partnership between corporation and startup, where both sides can learn and grow in this process, rather than an one-off transaction. The results offer insights into the emerging trend of corporate startup collaboration, especially companies and startups, that are not yet engaged with each other, can take results as a basis to start engaging and/or create a line of innovation and engagement strategy by understanding the nature of engagement and its programs. This study also shed lights on Brazilian startups and their collaboration with incumbents (local and international) as well as on industry sectors that most standout.
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Hauert, Sabine. "Building a Startup Ecosystem for Robotics in Europe [Industrial Activities]." IEEE Robotics & Automation Magazine 23, no. 3 (September 2016): 14–16. http://dx.doi.org/10.1109/mra.2016.2588003.
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Sakthivel, Adithya Vikram. "Do Younger Entrepreneurs Perform Better in the Bengaluru Startup Ecosystem?" AMC Indian Journal of Entrepreneurship 4, no. 4 (December 22, 2021): 47. http://dx.doi.org/10.17010/amcije/2021/v4i4/167522.
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Modina, Michele, and Gabriele Ianiro. "How defining startup companies can help to set the stage for an entrepreneurial ecosystem: an overview." ESPERIENZE D'IMPRESA, no. 1 (November 2020): 65–83. http://dx.doi.org/10.3280/ei2018-001004.
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In recent years the construction of a thriving entrepreneurial ecosystem has attracted the interest of academics and those working in the world of business and finance. To be able, though, to set the right actions in the startup culture and education fields, it is fundamental to understand what startup companies and their needs are. In this paper we shed light on the definition of startup companies (with the help of two different life cycle theories), and most importantly we try to provide the reader with some basic knowledge on why these innovative, high growth firms are so important to fuel such an ecosystem.
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Seoh, Thomas. "The Growing Global Healthy Longevity Ecosystem." Innovation in Aging 5, Supplement_1 (December 1, 2021): 298–99. http://dx.doi.org/10.1093/geroni/igab046.1161.
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Abstract The geroscience field has started to grow exponentially in recent decades. This in turn has led to a rapidly emerging global ecosystem of players and nodes that has radiated out into fields from clinical investigation to medical practice to capital markets and startup activity to consumer-facing goods and services, regulations, laws and policies and the general wellness-conscious public. These are still early days, and there is uncertainty and a lack of awareness about the shape and activities of this rapidly growing and evolving community. This presentation will attempt a high-level survey of the current landscape in the hope of promoting awareness and collaborations among diverse, multiple initiatives that can accelerate the field.
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Condom-Vilà, Pere. "How Technology Evolution and Disruption are Defining the World’s Entrepreneurial Ecosystems: The Case of Barcelona’s Startup Ecosystem." Journal of Evolutionary Studies in Business 5, no. 1 (January 30, 2020): 14–51. http://dx.doi.org/10.1344/jesb2020.1.j067.
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This article provides a critical overview of the development process of entrepreneurial ecosystems and the role played by technology and startups within such process. The analysis focus on the characteristics and components of entrepreneurial ecosystems with special attention to startups, as they are the main actors of these ecosystems. The objectives are reached through a critical literature review. Results show the evolution of these ecosystems, and an in-deep analysis of the role played by startups, big companies and governments in such evolution. The knowledge paradox between universities and startups is also taken into account together with and the importance of cities in the development of successful entrepreneurial ecosystems. We apply the result of our critical review to the analysis of the case of the Barcelona Ecosystem. Last section is devoted to policy implications for the strengthening of entrepreneurial ecosystems with special reference to the universities and the need for a redesign of technology transfer strategies. Success factors analysis and specific policy recommendations can help to a better understanding and policy planning of entrepreneurial ecosystems.
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Pathak, Priyanka, Neha Mehta, Anitha Sunil, and Kinjal Pandya. "On the way of making alagrand.com a grand business!" Emerald Emerging Markets Case Studies 10, no. 4 (December 5, 2020): 1–27. http://dx.doi.org/10.1108/eemcs-08-2019-0208.
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Learning outcomes The case helps learn various aspects of entrepreneurship, startups and startup-ecosystem in India. It also talks about challenges that a startup entrepreneur faces that others or people potential to enter business can learn. It develops one to identify diverse and holistic solutions for overcoming these challenges. Apply and explain strategies suitable to business management. Case overview/synopsis After facing lot of difficulties in personal life, Mr Mitesh Shethwala started an e-commerce business named Alagrand.com. This Ahmedabad city-based startup for selling apparels and accessories for all age group is doing so well that the valuation of company has gone beyond Rs. 20 crores. In spite of the high valuation, company is facing problem of funds and investments. The protagonist of the company has lot of plans for growing business and taking it to next level that can happen only if he gets funds for the business. The case talks about issue of investment and funding of this startup company. The company also has issues in the area of setting standard operating procedures and marketing. Complexity academic level Teachers can discuss this case study for various subjects like Strategic Management, Retail Management, Digital Marketing and Product and Brand Management that are taught to the students of management courses at graduate and post-graduate levels. Academicians and students should read current information and data regarding setting up startups, investment and capital budgeting related to startups and funding methods. Supplementary materials Teaching Notes are available for educators only. Subject code CSS 3: Entrepreneurship.
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Cheah, Sarah, and Yuen-Ping Ho. "Building the Ecosystem for Social Entrepreneurship: University Social Enterprise Cases in Singapore." Science, Technology and Society 24, no. 3 (October 4, 2019): 507–26. http://dx.doi.org/10.1177/0971721819873190.
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There has been limited study on the role of the startup ecosystem in social entrepreneurship. This article addresses the gap by applying a theoretical framework of startup ecosystem to two social enterprises originating from a Singapore university, examining how they engage with stakeholders to create social impact. WateRoam Pte Ltd is a water innovation startup that deploys cost-effective water filtration solutions to rural communities and disaster-hit locations. Tware is a wearable technology startup with a range of therapeutic products for individuals with autism, stress or anxiety. The two cases provide insights on the ecosystem for social ventures in Singapore. The Finance domain is identified as a potential area of improvement, as there is uncertainty on the appropriate growth trajectory for funding. University incubation and mentor networks are found to be pivotal in extending the Markets domain. Finally, this study highlights the Supports domain in the form of university R&D facilities and accelerator programmes that have been instrumental in strengthening connections. Extending beyond the university context, it is evident that infrastructural resources in the ecosystem are crucial. Policymakers may draw on the experience of countries, like Israel, which have successfully built such support facilities to nurture innovation-based social enterprises.
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Zahra, Farah Agharid, Tantri Yanuar Rahmat Syah, and Rhian Indradewa. "Human Resource Management Implementation at Startup Arena Corner." International Journal of Research and Review 8, no. 8 (August 17, 2021): 185–95. http://dx.doi.org/10.52403/ijrr.20210826.
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Arena Corner is a new startup engaged in applying sports venue rental related to everything that smells of sports. In an effort company's performance, it is necessary to implement good human resource management. The following purpose of this research is that research aims resource management (HRM) in the growth of Arena Corner startup. Considering Arena Corners of new digital startups are growing and require many human resources in the They need. Information systems so that the proper implementation of HRM correct maintain arena corner in the competitive digital startup competitive. The method applied uses human resources the approach with spectrum recruitment, personnel, people development, compensation benefit, and industrial relations. The results of this research show that the application of HRM becomes a necessity for startup companies. In winning competition, it is necessary to create a training center to print human resources that understand technology for the needs of the company and the needs of the startup ecosystem and can add income and new businesses in the era of startup the competition. Keywords: Human resource management mission; Human resource management practices; HR startup, Arena Corner.