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Journal articles on the topic 'Startups'
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1
Wouters, Marc, James C. Anderson, and Markus Kirchberger. "New-Technology Startups Seeking Pilot Customers: Crafting a Pair of Value Propositions." California Management Review 60, no. 4 (May 31, 2018): 101–24. http://dx.doi.org/10.1177/0008125618778855.
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A corporation that employs an “outside-in” startup program needs to screen a large number of potential startups and assess each time: What is the value of the startup’s offering to our business, and what resources and support will the startup need so we can actually obtain its offering? However, many startups are not very good at communicating their customer value proposition in a way that helps the customer firm making such assessments. This article recommends that startups construct two sequential value propositions. The Innovative Offering Value Proposition communicates how the startup’s offering creates superior value for the customer. It answers the question: What is extraordinary about the startup’s offering that will enable the customer to solve a significant problem it has or achieve a top priority it has? The Leveraging Assistance Value Proposition conveys what the customer firm will get in return for providing support and resources to the startup. It answers the question: What will make it worthwhile from the customer’s perspective to support the startup to realize its innovative offering?
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Prayuda, Jun Rifky, Zakiyuddin Zakiyuddin, and Amrie Firmansyah. "Skema Ponzi: Indikasi Kecurangan Pada Valuasi Startup Menggunakan Gross Merchandise Value." Jurnal Ilmiah Manajemen Kesatuan 10, no. 1 (March 24, 2022): 35–50. http://dx.doi.org/10.37641/jimkes.v10i1.1184.
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Startup-related issues have been growing in recent years due to their massive publication in the media. The growth numbers of startup companies globally, especially in Indonesia, have shown an astonishing figure. Valuation is one of many issues that revolve around startups. This study examines valuation fraud that leads to Ponzi Scheme in startup companies by using Gross Merchandise Value (GMV) as the valuation indicator. Scoping review was employed to identify and map literature that links to this study’s topic comprehensively through many sources. Venture capitalists and management teams play a key role in valuing startups. Financial academics suggest general valuation models, such as Net Present Value (NPV) and Discounted Cash Flows (DCF), are not used to value startups. They tend to value their company subjectively, which doesn’t represent startup true economic values. They use their advantages on information asymmetry excessively, leading to overvaluing the startup’s values. This study concludes that using subjective factors and limiting a startup’s economic and performance information disclosure by only disclosing Gross Merchandise Value will lead to startup valuation fraud in the form of the Ponzi Scheme.
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Sharma, Vanshika. "Investors' Perception Towards IPOs Launched by Startups." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (April 22, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem31436.
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This research investigates investor sentiment towards IPOs launched by startup companies. While IPOs offer potential for high returns, inherent risks associated with startups can create acautious investor landscape. This study analyzes factors influencing investor perception, including the startup's financial health, growth trajectory, industry trends, and management team experience. Additionally, the research explores the impact of broader market conditions and regulatory environment on investor confidence in startup IPOs. By employing a survey, the study aims to identify key drivers of investor decision-making in the context of startup IPOs. The findings contribute valuable insights for both startups seeking public listing and investors navigating the dynamic world of startup financing. Understanding investor perception can empower startups to tailor their IPO strategies for optimal market reception, while also informing investors' risk-reward assessments when considering startup IPOs. Keywords: Investor sentiment, IPOs, Startup companies, Survey, Decision-making
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Jadha, Vaishnavi Virendra. "Strategic Marketing Approaches for Startup Expansion: Vision, Mission, and Goals." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 05 (May 20, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem34168.
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In today's competitive business landscape, startups face the challenge of establishing themselves and expanding their market presence amidst evolving consumer preferences and technological advancements. To navigate this terrain successfully, startups must develop robust marketing strategies that align with their vision, mission, and goals. A startup's vision serves as its guiding beacon, outlining its aspirations for the future. It encapsulates the company's ultimate purpose and desired impact on the market. When crafting marketing strategies, startups must ensure alignment with this vision, leveraging it to communicate a compelling narrative that resonates with target audiences. Similarly, a startup's mission defines its core values and the means through which it aims to achieve its vision. Marketing strategies should reflect these values, fostering authentic connections with customers and stakeholders. By communicating a clear and consistent message aligned with its mission, a startup can differentiate itself in the market and build trust among its audience. Goals provide the roadmap for a startup's journey towards success. Whether aiming for market expansion, revenue growth, or customer acquisition, marketing strategies must be designed to support these objectives effectively. Startups should employ data-driven approaches to assess market opportunities, identify target segments, and tailor marketing initiatives to maximize impact. In essence, effective marketing strategies for startup expansion require a holistic approach that integrates the company's vision, mission, and goals into every facet of its promotional efforts. By staying true to its foundational principles while remaining agile in response to market dynamics, a startup can position itself for sustainable growth and long-term success. Key Words: Startup, marketing strategies, expansion, vision, mission, goals, market presence, consumer preferences, technological advancements,
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SKORYK, HALYNA, and ANHELINA NEDOSHYTKO. "STARTUP DEVELOPMENT IN UKRAINE: PROBLEMS AND PROSPECTS." HERALD OF KHMELNYTSKYI NATIONAL UNIVERSITY 300, no. 6 (December 3, 2021): 65–69. http://dx.doi.org/10.31891/2307-5740-2021-300-6-11.
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The development of startups is a powerful factor in socio-economic progress. Ukraine has significant potential to create a new types of business, the introduction of production of goods and services that can satisfy changing and very diverse needs of society. Therefore, there is a need to analyze the features of implementation, the most important problems and startup’s risks. Ukraine has significant potential for the startup’s development, which is confirmed by its high position in a world rankings. At the same time, the activity in the implementation of startup projects in different regions differs significantly. The most successful startups were analyzed and the spheres of their realization were determined. Almost all of them are related to the field of computers and information modern technologies (IT), which indicates about the prospects for the development of this industry in the Ukraine. There are highlighted the main stages of the startup: Seed and development; Startup stage; Establishment and growth; Expansion stage; Maturity. And also justified the most important problems that come up during these stages. Implementation of startups is complicated by this factors, such as: difficult financial position; lack of information support; unfavorable investment climate; low support from the government; insufficient level of knowledges in the field of business development. There were identified the factors that determine the investment attractions of startups the necessity and directions of country’s support for startups are substantiated. Ukraine has significant potential: highly qualified engineering resources, lots of cool ideas and enterprising people, who are ready to implement business innovations. However, only with the effective support from the government to the entrepreneurship in the field of innovation, financial support, effective system of protection of intellectual property rights, the development of appropriate regulatory framework, which will regulate legal relations in the startups’ market and in the sphere of their investment, then Ukrainian startups projects will have significant potential to develop and growth.
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Gwarda-Gruszczyńska, Edyta. "Intellectual property protection in startups." Kwartalnik Nauk o Przedsiębiorstwie 67, no. 1 (March 31, 2023): 39–50. http://dx.doi.org/10.33119/knop.2023.67.1.3.
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In recent years, there has been a sharp increase in startups. This enables the rapid development of technology and technological innovation. Many inventors and innovators create intellectual property that is not always adequately protected. When observing the life cycles of startups, it can be noticed that large number of these startups become inactive within the first three years of operation. The aim of this article is to answer the questions: what factors influence startup successes and failures? Is the lack of intellectual property protection one of such factors, and if so, how can startups secure their inventions or innovations? What strategies can be applied to protect intellectual property? What does intellectual property protection look like in Polish startups? Desk research was used as the research method in the article. The literature on the subject was analysed along with the reports and studies of research companies, institutions associating startups and the websites of patent attorneys and law firms that help startups in the protection of intellectual property. Research has shown that, in most cases, startups see the need to protect intellectual property, which is of particular importance in high-tech sectors. Many factors can contribute to the failure of a startup at various stages of its development. It is important that the intellectual property is protected at the initial stage of the startup’s development, and that the company has created and applied an appropriate intellectual property protection strategy.
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Mane, Rutvika S. "Start-up Acquisition Status Prediction Using Machine Learning." International Journal for Research in Applied Science and Engineering Technology 11, no. 7 (July 31, 2023): 415–20. http://dx.doi.org/10.22214/ijraset.2023.54673.
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Abstract: Startup acquisition is the process where companies interested in investing in startups buy and own some or all of the startup's shares. However, investing in startups requires extensive research as many startups fail within a short period of time, and other factors such as IPO and acquisition by other companies also need to be considered. The recent advances in machine learning have made it possible to predict a startup's acquisition status based on financial statistics, historic data and market trends. The model uses supervised learning to find patterns and correlations between the input features (startup characteristics) and the related acquisition status by learning from labelled data. The prediction model is constructed using machine learning algorithms like KNN and random forests which can save time and costs for investors and speed up their investment process. Also, it aims to classify a startup's acquisition status as Operating, Acquired, IPO, or Closed based on input data. When using the Random Forest approach, the suggested system for predicting acquisition status achieves an accuracy score of 93%, whereas using the KNN (K-Nearest Neighbours) strategy, it earns a score of 91%.
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SONG, MICHAEL, AD DE JONG, C. ANTHONY DI BENEDETTO, and Y. LISA ZHAO. "ENHANCING SUPPLIER’S INVOLVEMENT IN STARTUP’S INNOVATION THROUGH EQUITY OFFERING AND TRUST BUILDING." International Journal of Innovation Management 23, no. 02 (January 27, 2019): 1950013. http://dx.doi.org/10.1142/s1363919619500130.
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External partners, such as suppliers, are important in the case of innovation by entrepreneurial startup firms. Due to their limited resources and liability of newness, these startups must rely on outside partners for resources and legitimacy to succeed and indeed to survive. Yet, few studies have specifically examined, or provided guidance on, how startups can increase supplier involvement in their innovation projects. Drawing from Transactional Cost Economics and supplier involvement literature, this study develops a contingency model, in which supplier’s equity share and supplier’s trust moderate the relationship of supplier’s involvement in a startup’s innovation with supplier’s specific investment and startup’s effort in qualification of supplier’s ability. We empirically test the model using data collected from 166 innovation projects of 166 startups. Our results show that supplier involvement is pivotal to startup’s product innovation performance, which is consistent with prior literature on supplier involvement. Interestingly, our results further reveal that supplier’s specific investment and startup’s effort in qualification of supplier’s ability lead to higher levels of supplier involvement only when supplier’s equity share and supplier’s trust are sufficiently high.
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Кroitor, Volodymyr. "Legal principles of venture investment into startups as innovative product." Law and innovations, no. 3 (43) (September 25, 2023): 39–46. http://dx.doi.org/10.37772/2518-1718-2023-3(43)-6.
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Problem setting. The article is focused on determining legal principles of venture investment into startups as innovative product. The relevance of the topic is due to the fact that the main obstacle for the development of startups in Ukraine is the lack of permanent and systematic investments, the development of venture entrepreneurship, scientific research in the area of venture investment. analysis of recent researches and publications. Economists, in particular I. V. Lytvyn and Y. V. Bulak, drew attention to the state of venture capital entrepreneurship under martial law. The problem of venture capital investment was studied in detail by Y. M. Zhornokuy, who determined that the use of venture capital to invest in innovation in Ukraine is underdeveloped. According to B. Derevyanko, Ukrainian venture capital funds do not take into account the peculiarities of the nature of venture capital investment. The origins of the legal support of venture capital investment were identified by D. V. Zadychailo. The implementation of venture relations through investment agreements was the subject of research by O. E. Simson. Purpose of the research is to determine legal principles of venture investment into startups as innovative product. article’s main body. Venture entrepreneurship is activity with a special risk, since it is aimed at making investments into scientific and technical result intelligence. It has been emphasized that venture investment in terms of the martial law acquires a special scientific and practical importance for the post-war recovery of the Ukrainian economy and the development of society. It has been proved that startup’s criteria established by the legislator are close to the criteria for protecting the objects of intellectual property rights, in particular objects of industrial property (inventions, utility models). Therefore, one of the startup’s legal features is its correlation with the corresponding object of intellectual property law, which has received state registration. At the same time, the startup, despite receiving legal protection, is not embodied in a certain production, scientific and practical intelligence is still being conducted in its regard. It has been emphasized that the lack of a sustainable practice of using startups indicates the existence of risk regarding its investment. As a result, a startup can be defined as an object with elements of risk for its further implementation. It has been argued that startups can be considered as innovative product. It has been revealed that a startup’s implementation as an innovative product has certain specific features stipulated by the economic cycles (stages) of its creation and implementation. Each of the identified stages has legal significance, since it can be correlated with the competitive selection of startups to receive investments, in particular due to financial state support. At the same time, both scientific technical and entrepreneurial activities in the field of venture investment take place at each of the stages of a startup’s implementation as an innovative product. The importance of the activities of the Innovation Development Fund (Ukrainian Startup Fund) has been emphasized, which allows startups to receive state investment, since investing into this innovation is significantly risky. Therefore, the state creates appropriate stimulating mechanisms for the creation of the startup market. conclusions and prospects for the development. Summarizing the above, we offer conclusions that startup is a new legal category that needs further scientific studies. Based on the conducted research, we have distinguished the following characteristics of a startup as an object of rights: it is the result of scientific and technical creativity; has state registration as an object of intellectual property rights; has not been implemented into systematic production; has novelty for the relevant market of goods and services; refers to objects with increased risk; has the dual legal nature both of an innovation and a separate investment project. We have offered the division of startups depending on intellectual property institutions: a) startups in the field of copyright (computer software, databases); b) patent and legal startups (inventions, utility models, industrial designs); 3) startups in the field of non-traditional intellectual property objects (new varieties of plants, layout of an integrated microcircuit).
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Baskoro, Harjo, Harjanto Prabowo, Meyliana Meyliana, and Ford Lumban Gaol. "Predicting Startup Success, a Literature Review." International Conference on Information Science and Technology Innovation (ICoSTEC) 1, no. 1 (February 26, 2022): 123–29. http://dx.doi.org/10.35842/icostec.v1i1.6.
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The development and growth of startups around the world nowadays have become a global phenomenon. Startups have become an essential element of innovation and economic growth in many countries. But literature shows that the failure rate of a startup is around 90%. Therefore it is crucial for investors, financial advisors, and the government to spot the 10% which eventually will generate higher return rates, bring in greater revenue and ensure economic growth. This research aim is to study what are the critical factors of the startup’s success that can be used to make a predictive model using a machinelearning algorithm to predict the success of a startup.
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Rus, Matej, Maja Konecnik Ruzzier, and Mitja Ruzzier. "Startup Branding: Empirical Evidence among Slovenian Startups." Managing Global Transitions 16, no. 1 (March 30, 2018): 79–94. http://dx.doi.org/10.26493/1854-6935.16.79-94.
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САЕВЕЦ И, Н. "TRAINING OF STARTUPS IN THE STARTUP ACCELERATOR." Экономика и предпринимательство, no. 1(162) (February 11, 2024): 761–67. http://dx.doi.org/10.34925/eip.2024.162.1.144.
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В последние годы интерес к стартап-акселераторам значительно увеличился. Корпоративные акселераторы нацелены на представление работоспособных продуктов, отвечающих потребностям бизнеса и клиента или всей отрасли. Обычно стартапы сталкиваются с множеством проблем на пути к успеху: от нехватки ресурсов до технических недостатков и неэффективной упаковки продукта. Решение этих проблем в сжатые сроки - основная задача акселераторов, которые предлагают индивидуальные решения для ускорения внутренних процессов и усиления проектов. Существует множество программ предоставляющие на ранних этапах развития бизнеса консультационные услуги и наставничество за небольшую долю капитала или плату. Итогом этих программ становятся "демо-дни" - мероприятия, напоминающие презентации перед множеством инвесторов. Однако несмотря на увеличивающийся интерес, многие начинающие предприниматели до сих пор не в полной мере осведомлены о преимуществах участия в таких программах. В связи с чем целью работы стало рассмотрение процесса обучения стартапов в стартап-акселераторе. При написании данной темы использовались научные труды отечественных и зарубежных авторов, а также специализированная литература и мнения ученых, что позволило полноценно рассмотреть данную тему. In recent years, interest in the startup accelerator has increased significantly. Corporate accelerators are aimed at presenting workable products that meet the needs of the business and the client or the entire industry. Startups usually face a lot of problems on the way to success: from lack of resources to technical flaws and inefficient product packaging. Solving these problems in a short time is the main task of accelerators, which offer customized solutions to accelerate internal processes and strengthen projects. There are many programs that provide consulting and mentoring services at the early stages of business development for a small share of capital or fee. The result of these programs are "demo days" events that resemble presentations to a lot of investors. However, despite the increasing interest, many aspiring entrepreneurs are still not fully aware of the benefits of participating in such programs. In this connection, the purpose of the work was to consider the process of training startups in the startup accelerator. When writing this topic, scientific works of domestic and foreign authors, as well as specialized literature and opinions of scientists were used, which made it possible to fully consider this topic.
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Polidoro, Francisco, and Wei Yang. "Corporate Investment Relationships and the Search for Innovations: An Examination of Startups’ Search Shift Toward Incumbents." Organization Science 32, no. 4 (July 2021): 909–39. http://dx.doi.org/10.1287/orsc.2020.1421.
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Existing literature shows that corporate investment relationships play an important role in the development of startups. Although startups are relevant sources of innovations, especially those that radically depart from existing technologies, they often have limited access to resources. Corporate investment relationships are relevant to startups because they help them access resources of their corporate partners, especially those that are necessary for innovations to eventually achieve commercial success. This study examines the possibility that these relationships might also affect how startups search for innovations, producing greater alignment with the technologies of incumbents. Investigating this possibility is important because it can partly offset startups’ distinctiveness in technological domains of search and accordingly undercut learning opportunities available to incumbents. We argue that, following the formation of a corporate investment relationship, considerations related to capabilities and incentives result in a startup shifting the search for innovations toward technological domains of its corporate partner. We also argue that the radicalness of a startup’s innovations and the corporate partner’s commercial success exacerbate this search shift. We test these propositions in the context of biotech startups. Our difference-in-differences analysis shows that startups forming corporate investment relationships increase search in the domains of their corporate partners relative to analogous change observed among matching counterfactual startups without such relationships. We discuss implications for understanding of the influences of interorganizational relationships on startups’ technological trajectories and on incumbents’ learning and adaptation.
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Assistant Professor, Priyajit Ray,. "Startup Ecosystem in India: The growth and rise of Startups in the recent scenario." SMS Journal of Entrepreneurship & Innovation 10, Issue - 2 (September 11, 2024): 81–92. http://dx.doi.org/10.21844/smsjei.v10i02.30008.
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The startups in India are blooming recently and now India has become the 3rd largest startup ecosystem justafter the United States and China. The culture of startups has been evolving in India, especially in the lastfew years and for that a viable startup ecosystem is of crucial importance. The startup ecosystem can play aconcrete role for a startup to grow and evolve from its infant prototype stage to the final stage of scaling upand generating revenue. The Indian startup ecosystem have got some key players, each playing their role indifferent stages of a startup which are crucial for the growth of startups in future and also to furtherstrengthen the ecosystem. The Indian startups have the ability to cater and contribute much more to the largediverse group of people and on the counter part, the startups can create more number of jobs and can alsogenerate new career opportunities for the young generation in different fields. Indian startups are alsocrucial to raise the standard of living and can definitely add value to the economy. Based on the importanceof startups in India, the researcher attempted to study the trend in rise and growth of startups in the currentscenario considering the key factors involved in the startup ecosystem and to further identify the reasonsbehind the growth of recent startups in the country. The Indian startup ecosystem is very crucial for theevolvement of whole Indian economy at this current juncture and there lies the significance of the study todeeply understand the startup ecosystem of India for its future generation entrepreneurs. Based on theanalysis of the study, it was found out that the startups in India are rising considerably and constant supporthas been provided by the government in form of different schemes and initiatives such that it can contributemuch more to the economy in future.
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Gidron, Benjamin, Kfir Bar, Maya Finger Keren, Dalit Gafni, Yaari Hodara, Irina Krasnopolskaya, and Alon Mannor. "The Impact Tech Startup: Initial Findings on a New, SDG-Focused Organizational Category." Sustainability 15, no. 16 (August 15, 2023): 12419. http://dx.doi.org/10.3390/su151612419.
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This study sheds light on the prevalence, focus, and key structural dimensions of the Impact Tech Startup—a new organizational category of enterprise whose technologically innovative products or services are aimed at creating social or environmental impact. After tracing the Impact Tech Startup’s conceptual roots and the features it shares with startups and social enterprises, we examine the context of Israel as a particularly supportive environment for startup entrepreneurship. We then present the initial findings from our empirical study conducted in Israel, in which we examined 1657 startups, developed a machine learning algorithm to identify which of these can be classified as an Impact Tech Startup, and clustered the results within the framework of the United Nations’ 17 Sustainable Development Goals. Our findings indicate that approximately one third of Israel’s startups can be classified as an Impact Tech Startup. Of these, almost a third are producing products or services relevant to Sustainable Development Goal 3 (Good Health and Well-being). Furthermore, we find that the technologies deployed by ITSs can help optimize decisions by professionals and, in doing so, substantially contribute to tackling social and environmental challenges. This study aimed to give the Impact Tech Startup an initial “face” and to invite further, more detailed studies in the future.
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Manconi, Michele, Salvatore Bellomo, Anna Nosella, and Lara Agostini. "Attributes of Business Incubators: A Conjoint Analysis of Venture Capitalist’s Decision Making." Journal of Risk and Financial Management 15, no. 5 (May 6, 2022): 213. http://dx.doi.org/10.3390/jrfm15050213.
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Startups contribute significantly to the economic development of a country. Despite their importance and promising future, they are extremely fragile, mainly for their lack of tangible and intangible resources. Since this can be obtained through an incubation process, business incubators (BIs) could have a significant impact on the survival rate of startups. Once defined their core structure and value proposition, there are other players, such as venture capitalists who could guarantee the funds necessary to make the startup’s business grow over time. Drawing on the resource-based view theory, this research explores whether some BIs could represent a certification of startup quality for venture capitalists (VCs). Specifically, we investigate whether some specific attributes of BIs increase the probability that a VC funds startups after being incubated; to this purpose, we carry out an experiment on a European sample of VCs. Results demonstrate that some characteristics of the BI can produce a sort of certification effect to the incubated startups, increasing the probability of being funded by VCs.
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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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Gracheva, N. A., O. A. Polishchuk, and A. V. Pylaykina. "Issues in Startup Development: Assessment of Problems of Growth and Financing." Proceedings of the Southwest State University. Series: Economics. Sociology. Management 13, no. 6 (February 29, 2024): 111–24. http://dx.doi.org/10.21869/2223-1552-2023-13-6-111-124.
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Relevance. Startups are an integral part of the modern economy and business, and their creation and development represent an important contribution to the economic growth and innovative development of the country. At the same time, the startup system in Russia has not yet been fully developed ‒ there are problems with their number, successful activities, and financing of startups. There are many sources of financing for startups, but it is often difficult for young entrepreneurs to find the necessary resources to implement their business idea. This may lead to the inability to launch a startup or to difficulties in its development. Therefore, studying the issues of financial support for a startup is relevant for many people starting their own business, as well as for investors, venture funds and large companies that can provide significant support for startup entrepreneurs. The purpose of the study is to analyze and evaluate the problems of growth, development and financing of startups. Objectives: analyze the startup business market; consider niches of the startup market and assess its growth trends; identify sources, main directions and problems of financing startups. Methodology. During the scientific research, empirical, theoretical, statistical and graphical methods were used. Results. The theoretical aspects of startup business were studied, the startup market was analyzed, the main sources of startup financing were identified, as well as the associated problems of growth and financing of startup business. Conclusions. The startup system has not yet been fully developed in Russia. Russia is still losing in terms of the total number of startups and the number of startups per 1 million people. The business areas in which startup developers operate are very diverse. The creation and successful development of startups depends on many factors, including financial security. The article discusses the problems of financing startups. The viability of startup developments in the Russian Federation in recent years has been strongly influenced by the COVID-19 pandemic and the sanctions imposed against the country. However, the main factor remains the lack of financial resources.
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Saura, Jose Ramon, Pedro Palos-Sanchez, and Antonio Grilo. "Detecting Indicators for Startup Business Success: Sentiment Analysis Using Text Data Mining." Sustainability 11, no. 3 (February 11, 2019): 917. http://dx.doi.org/10.3390/su11030917.
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The main aim of this study is to identify the key factors in User Generated Content (UGC) on the Twitter social network for the creation of successful startups, as well as to identify factors for sustainable startups and business models. New technologies were used in the proposed research methodology to identify the key factors for the success of startup projects. First, a Latent Dirichlet Allocation (LDA) model was used, which is a state-of-the-art thematic modeling tool that works in Python and determines the database topic by analyzing tweets for the #Startups hashtag on Twitter (n = 35.401 tweets). Secondly, a Sentiment Analysis was performed with a Supervised Vector Machine (SVM) algorithm that works with Machine Learning in Python. This was applied to the LDA results to divide the identified startup topics into negative, positive, and neutral sentiments. Thirdly, a Textual Analysis was carried out on the topics in each sentiment with Text Data Mining techniques using Nvivo software. This research has detected that the topics with positive feelings for the identification of key factors for the startup business success are startup tools, technology-based startup, the attitude of the founders, and the startup methodology development. The negative topics are the frameworks and programming languages, type of job offers, and the business angels’ requirements. The identified neutral topics are the development of the business plan, the type of startup project, and the incubator’s and startup’s geolocation. The limitations of the investigation are the number of tweets in the analyzed sample and the limited time horizon. Future lines of research could improve the methodology used to determine key factors for the creation of successful startups and could also study sustainable issues.
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Ramalakshmi, Eliganti, and Sindhuja Reddy Kamidi. "Predictions for Startups." International Journal of Engineering & Technology 7, no. 3.12 (July 20, 2018): 1038. http://dx.doi.org/10.14419/ijet.v7i3.12.17628.
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In general 90 out of 100 startups fail to gain expected funding. There can be several reasons like bad management, lack of sufficient funds, good working team etc. which leads to failure of startup. This work aims to create a machine learning model for predicting the range of funding for the startups based on many key attributesthat are involved at different stages in the startup functioning. It is very important to predict the range of funding prior to the implementation of project and till today not much work is done in this respect. This paper proposes implementing a model to predict the funding of a startups based on many important factors like idea of the startup, place where the startup established, domain vertical to which the startup belongs, prior investors, type of funding the organization is expecting. A model is developed by working on real time data of startups from 2015 to 2017. Classification and regression algorithms are used to build the model.
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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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Podolchak, Nazar, Veronika Karkovska, and Yana Levytska. "Management of innovative projects on the basis of a system-oriented approach." Economic journal Odessa polytechnic university 3, no. 13 (September 22, 2020): 47–54. http://dx.doi.org/10.15276/ej.03.2020.6.
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This review article argues that a startup is the first necessary step in the innovation lifecycle and a set of tools is necessary to create a successful startup. In a practical section installed that the implementation startup involves several steps such as generalization of a startup concept, definition of the stages of the startup life cycle, systematization of key components of successfully implemented startups and analysis of the state of the domestic market of startups. The life cycles of well-known startups developed by Ukrainian experts show that it is necessary to find a suitable niche in the market with high demand for the product in order to turn startup into a profitable business. This is possible, provided an effective ecosystem for startups development.
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Podolchak, Nazar, Veronika Karkovska, and Yana Levytska. "Management of innovative projects on the basis of a system-oriented approach." Economic journal Odessa polytechnic university 3, no. 13 (September 22, 2020): 47–54. http://dx.doi.org/10.15276/ej.03.2020.6.
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This review article argues that a startup is the first necessary step in the innovation lifecycle and a set of tools is necessary to create a successful startup. In a practical section installed that the implementation startup involves several steps such as generalization of a startup concept, definition of the stages of the startup life cycle, systematization of key components of successfully implemented startups and analysis of the state of the domestic market of startups. The life cycles of well-known startups developed by Ukrainian experts show that it is necessary to find a suitable niche in the market with high demand for the product in order to turn startup into a profitable business. This is possible, provided an effective ecosystem for startups development.
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Fathin, Cinintya Audori, Ashilly Achidsti, and Dimas Indra Priambodo. "Analysis of Three Actors: Roles of Government, Private Sector, and University toward Startup Growth in Yogyakarta." JKAP (Jurnal Kebijakan dan Administrasi Publik) 20, no. 1 (May 20, 2016): 38. http://dx.doi.org/10.22146/jkap.10642.
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Information, communication, and technology advancements in 21st century encourage startups to innovate and develop their business further. Because it’s an ICT based business which is supported by the existence of internet, this kind of business starts to become borderless. As a result, the distributions of the products start to become unlimited. The conveniences offered by these advancements invite more ICT based product developers. The positive impact as a result of that such as more new jobs, easier way to access the markets, and also cheaper production cost with guaranteed profits. In addition to that, this of course also becomes an added value to the country because it increases Network Readiness Index and nation’s income from taxes. This research aims to analyze startup’s growth, in addition to its relation with related actors such as government, private sectors, and universities. Analysis on every actor will emphasize on their contribution to startup developments in Daerah Istimewa Yogyakarta directly or indirectly. In conclusion, there will be an illustration about how big the contributions and how close the actors are between startups and the three actors.
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Nurcahyo, Rahmat, Mohammad Ilhamsyah Akbar, and Djoko Sihono Gabriel. "Characteristics of Startup Company and Its Strategy: Analysis of Indonesia Fashion Startup Companies." International Journal of Engineering & Technology 7, no. 2.34 (June 8, 2018): 44. http://dx.doi.org/10.14419/ijet.v7i2.34.13908.
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Startup companies, as an organization in the early phase, have different characteristics than mature organization. The research method is qualitative because the purpose is trying to understand the startup characteristics. The research object is Indonesia fashion startup companies because it is one of the most promising start ups in Indonesia. Strategy choices are crucial in fashion startups in Indonesia. Objective of this paper is to analyze the strategy that has been used in fashion startups in Indonesia. Most of the startups use intuitive decision making. The result is most fashion startups tend to use intensive strategy because the market is still growing. Intensive market penetration through marketing strategy and related diversification are the two strategies that commonly used in fashion startups in Indonesia.
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Ryu, Sunghan, Keongtae Kim, and Jungpil Hahn. "Crowdfunding Success Effects on Financing Outcomes for Startups: A Signaling Theory Perspective." MIS Quarterly 47, no. 3 (June 1, 2022): 1271–302. http://dx.doi.org/10.25300/misq/2022/16620.
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This study adopts a signaling theory perspective to examine whether and how crowdfunding (relative to angel financing) influences subsequent venture capital (VC) investments in startups. We used a bivariate probit model with propensity score matching to address the potential endogeneity of the initial funding choice. Subsequently, we found that crowdfunded startups have a lower chance of receiving VC funding than angel-financed startups and that the effect is more negative for startups located outside of startup cluster cities. We show that corporate VCs, unlike independent VCs comprising the majority of VCs, favor crowdfunded startups. Our study contributes to the literature on crowdfunding, startup finance, and the transformative effects of IT-enabled platforms. This study further discusses the practical implications of crowdfunding in startup finance ecosystems.
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KALINSKY, Eugen, and Valentina Evtushenko. "FEATURES OF VALUATION OF STARTUP PROJECTS IN ENTREPRENEURIAL ACTIVITY." Herald of Khmelnytskyi National University. Economic sciences 322, no. 5 (September 2023): 35–41. http://dx.doi.org/10.31891/2307-5740-2023-322-5-5.
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Startup valuation, an intricate endeavor due to the unique characteristics of these entities, presents distinct challenges when compared to the valuation of well-established companies. This article examines the complexities inherent in valuing startups, shedding light on the absence of historical data, heightened levels of risk associated with startups and their dynamic environments, the inherent uncertainty in forecasting future development, and the pronounced influence of intangible assets on the overall business valuation. In addressing the valuation of startups, several methods are explored, each with its advantages and limitations. The scenario-based approach, encompassing a range of potential outcomes from successful to failure scenarios, provides a comprehensive assessment of startup value. Additionally, the venture capital method, relying on expected company value at the investor’s exit point, enables valuation without the need for exhaustive cash flow forecasting. These methods take into account the unique dynamics of startup growth and risk. Furthermore, the article stresses the significance of meticulous market analysis, rigorous evaluation of company potential, examination of industry-specific data, and careful consideration of tax incentives. These factors are crucial for a thorough understanding of the startup’s financial health and future trajectory, which directly impacts its value. To achieve a more objective and accurate valuation, it is recommended to employ a combination of valuation methods, considering the startup’s stage of development and specific characteristics. Diverse data sources, including empirical studies and industry benchmarks, can enhance the accuracy of estimates. In conclusion, the article asserts the importance of advancing startup valuation methodologies. Drawing from international experience and conducting in-depth research in specific areas can lead to improved precision, enhanced objectivity, and reduced risks of errors in the valuation process. By refining the valuation techniques, stakeholders can make more informed investment decisions and contribute to the growth of the vibrant startup ecosystem.
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Miyamoto, Hiroyuki, Cristian Mejia, and Yuya Kajikawa. "A Study of Private Equity Rounds of Entrepreneurial Finance in EU: Are Buyout Funds Uninvited Guests for Startup Ecosystems?" Journal of Risk and Financial Management 15, no. 6 (May 26, 2022): 236. http://dx.doi.org/10.3390/jrfm15060236.
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This paper studies the difference between startup investments by private equity funds (buyout funds; PE) and venture capital funds (VC). PEs, which have traditionally invested in mature companies, have been increasingly investing in later-stage startups in recent years. Based on Crunchbase’s data on EU startup investments from 2011 to the first half of 2021, we find that: (1) later-stage VC-backed startups and PE-backed startups differ in terms of the industry domain, (2) PE-backed startups tend to have higher revenue when they receive investments, and (3) VC-backed startups are more likely to exit via Initial Public Offering (IPO) and slightly less likely to exit via Mergers and Acquisitions (M&A) than PE-backed startups. These results connect previous studies on VC and PE and deepen our understanding of later-stage startup investment. It also suggests that PE invests differently than VCs and provides new added value to the startup ecosystem. In addition, it adds insights into corporate behavior in new business domain expansion.
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Khaustov, Mykyta M. "Startups: Essence, Classification, Role in the Economies of the World." Business Inform 7, no. 546 (2023): 198–211. http://dx.doi.org/10.32983/2222-4459-2023-7-198-211.
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The article defines that startups in the modern economy, being the first stage of the life cycle of innovations, become one of the main engines of scientific progress. The purpose of the study is to determine the essence, classification, and role of startups in the economies of the world. Within the framework of this goal, the main approaches to defining the essence of startups are considered; a content analysis of the concept of «startup» is carried out; a closer definition of the concept is proposed. The main characteristics of «startups» and «small businesses» are also compared; the key features that allow a business project to be considered a startup are identified; the types and kinds of startups are studied. It concerns the following: low-tech, high-tech, and deep-tech innovations; startups by type of activity; depending on the stage of their life cycle; according to the main trends within which the startup will develop; by the method of occurrence (i. e., the nature of the action in the market); depending on their cost, etc. A generalized classification of types of startups by various attributes is proposed. Trends in the development of the startup movement are studied, viz.: rating by the share of startups in key topics; number of startups in the leading countries; the world-wide distribution of startups based on the industry of their implementation and their respective percentage of the total number. It is proved that the present-days processes of creating startups in the world are developing dynamically and will be of particular importance in those areas of the economy where structural transformation is central to the realization of not only economic but also broader social goals. It is determined that Ukraine cannot stay aside from these processes, which will require the use of various national policy instruments, the formation and development of the startup ecosystem, and the relevant institutional environment. This will create a basis for economic growth, which is extremely important for Ukraine in the context of the post-war economic recovery.
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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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Mumi, Atthaphon. "SOCIAL MEDIA AS A STRATEGIC CAPABILITY FOR STARTUPS AND THE MEDIATING ROLE OF SOCIAL CAPITAL." Business: Theory and Practice 23, no. 2 (September 5, 2022): 302–12. http://dx.doi.org/10.3846/btp.2022.16954.
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Social media have been widely adopted in various organizations. The use of social media for achieving business sustainability and financial outcomes has been addressed in the literature. In the entrepreneurship context, social media have received great attention as the platforms can be one of the cost-effective marketing activities and knowledge accumulation. Despite existing evidence regarding the impacts of social media, the study of social media in the startup’s context is limited. Based on the dynamic capabilities perspective, this study relied on data from 128 startups in the emerging economy’s context to investigate the importance of social media for startups. Particularly, the results from PLS-SEM support the significant influence of social media as firm’s strategic capability toward performance. In addition, social capital consisting of three dimensions – cognitive, structural, and relational – has been found to mediate the direct association of social media strategic capability toward the startup performance. This study advances the social media research on entrepreneurship as well as the dynamic capabilities perspective to enhance the startup’s sustainability through enhanced performance. Especially, it encourages the application of social media with the indirect effect of social capital for startups.
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Safitri, Hanny, Mochamad Heru Riza Chakim, and Alfri Adiwijaya. "Strategy Based Technology-Based Startups to Drive Digital Business Growth." Startupreneur Business Digital (SABDA Journal) 2, no. 2 (August 30, 2023): 207–20. http://dx.doi.org/10.33050/sabda.v2i2.344.
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Lean startup methodology-based strategic formulation to promote the expansion of technology-based startup businesses in Indonesia. About 75% of developing startups fail to expand appropriately, which is a relatively high startup failure percentage. Failure of startups is influenced by time and the relevant industry. Due to the wrong approach being chosen from the startup's first year to its fourth, it was unable to expand. The goal of this study is to develop new general methods for company growth based on the lean startup approach. The goal of this study is to use the Delphi technique to find startup failure indicators, and then to select the primary failed cause using the Analytical Network Process (ANP). The research's next phase is to develop the plan after the failure factor has been determined. The researcher acquired 8 as a consequence of this study. 55 indicators of startup failure factors and factors. Using the ANP model, 10 priorities were determined. addressed by developing a new approach utilizing agile development and the minimal viable product idea. technique, human resource management, and customer relationship management. eventually acquired a fresh approach that entrepreneurs may utilize to promote growth.
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Putu Agustini, Ni Luh, Putu Agus Swastika, and Ni Made Estiyanti. "Analisa Nilai Valuasi Startup Berdasarkan Faktor Keuangan Dan Faktor Non Keuangan Media Online PT. XYZ Bali." REMIK (Riset dan E-Jurnal Manajemen Informatika Komputer) 3, no. 2 (March 29, 2019): 5. http://dx.doi.org/10.33395/remik.v3i2.10101.
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Abstract
The number of internet users in Indonesia has increased rapidly in the past two decades. Technological developments coincided with the growth of pioneering companies or startups, both failures or great successes. Fundraising is the lifeblood of startup, a steady stream of funds from various sources will greatly help the company.The success of startups, one of them can be seen from how much the value of the startup’s valuation, The greater the value then the opportunity to get investors' funds wide open. PT. XYZ is one of the startup of online media in Indonesia and the first in Bali, investment funds can certainly support and optimize the development of the company. Considering the importance of investment funds for the sustainability of the company, a valuation calculation is needed to gain an opportunity to receive funding. The important elements of the company, both in terms of financial and non-financial, will be the attraction of investors to invest.
Keywords : Valuation, Startup, Investment
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Sardinha, Flavia Campos, and Rosa Galvão. "A Mediação Preventiva e o Ecossistema das Empresas da Nova Economia: O alto índice de mortalidade das Startups brasileiras / Preventive Mediation and the New Economy Companies Ecosystem: The high mortality rate of Brazilian Startups." ID on line. Revista de psicologia 16, no. 62 (August 5, 2022): 16–27. http://dx.doi.org/10.14295/idonline.v16i62.3486.
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Resumo: O artigo traz a proposta da mediação preventiva como ferramenta para fomentar o diálogo e o alinhamento entre os sócios, e, eventualmente, aumentar o potencial de sucesso e de perenidade das startups. Estatísticas revelam as dificuldades de relacionamento entre os sócios como uma das principais causas para o alto índice de mortalidade das startups brasileiras. Como forma de ilustrar estas estatísticas, foram realizadas entrevistas, com fundadores de startups, a fim de revelar as suas experiências na constituição e gestão do negócio. Na conclusão, o artigo destaca os benefícios da mediação preventiva na negociação dos interesses, necessidades e expectativas dos sócios de modo a auxiliá-los nas tratativas para constituição de startupsem um ecossistema de riscos e incertezas.Palavras-Chave: Startups; Negociação; Sócios Fundadores; Nova Economia; Mediação Preventiva. Abstract: This paper aims at discussing about preventive mediation as a tool to foster dialogue and alignment between business partners, and, eventually, increase the potential for success and continuity of startups. Statistics show that the relationship difficulties between partners as one of the main causes for the high mortality rate of Brazilian startups. As a way of illustrating these statistics, interviews with startup founders were carried out in order to reveal their experiences in the negotiations for the establishment and management of the business. In conclusion, the article seeks to highlight the benefits of preventive mediation in the negotiation of partners’ interests, needs and expectations, in order to increase the chances of constituting startups in an ecosystem of risks and uncertainties.Keywords: Startups; Negotiation; Founding Partners; New Economy; Preventive Mediation.
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Rompho, Nopadol. "Operational performance measures for startups." Measuring Business Excellence 22, no. 1 (March 19, 2018): 31–41. http://dx.doi.org/10.1108/mbe-06-2017-0028.
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PurposeThe purpose of this study is to investigate the uses of performance measures in startup firms, including perceived importance and performance of those measures. Design/methodology/approachThe survey method is used in this study. Data are collected from founders/chief executive officers/managers of 110 startups in Thailand. The correlation analysis and analysis of variance techniques are used as the analysis tool in this study. FindingsThe results show that there is a positive relationship between the perceived importance and the performance of each metric. However, no significant differences are found in the importance and performance of each metric among the various stages of startups. Research limitations/implicationsBecause there are so few startups compared to large corporations, the sample size of this study is relatively small, which is a limitation for some statistical tests. Practical implicationsStartup should measure and monitor the correct metrics in a particular stage, instead of trying to perform well in all areas, which will lead them to lose focus, and possibly even fail. Results obtained from this study will aid startups in properly monitoring and managing their performance. Originality/valueUnlike large corporations, the performance measures used by startups vary, and depend on a startup’s stage and type. Because of the fact that there are much fewer startups than large corporations, there are a limited number of studies in this area. This research is among the first studies that try to investigate the uses of performance measure for this new type of organizations.
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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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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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MAZUR, Anastasiia. "International experience of startup regulation." Foreign trade: economics, finance, law 130, no. 5 (October 13, 2023): 83–96. http://dx.doi.org/10.31617/3.2023(130)06.
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The international experience of regulating the development of startup entrepreneurship indicates that when creating effective models of interaction between state authorities (development of the legal framework, development programs, strategies), education (creation of an environment, for example, accelerators, incubators, development of a beta version based on higher education institutions, which promotes startups to enter the market) and business (funding of startups, involvement in corporations), the startup ecosystem has high indicators in world ratings. The purpose of the article is to highlight the components of the international experience of regulating the development of startups that are relevant to Ukraine. The methods applied are induction, deduction, analysis, and systematization. Regulation of the development of startups at the mega level includes international clusters, international organizations, and developed countries of the world. It has been studied that the mega level includes three directions: legal, financial, and strategic. In the international environment, the "EU Startup Nations Standard" declarations signed in 2021 and laws on startups aimed at promoting the creation and development of startups are of great importance. International organizations influencing the development of startup entrepreneurship are divided by functional type and geographical scope of activity. The positive startup climate in the USA is formed through the following factors: Silicon Valley activity, flexible state regulation of this area, entrepreneurial culture, and way of thinking. Israelʼs experience reveals the need for financing research and development works. Germany and Austria have an efficiently built system of higher education. Among the directions for improving the regulation of the development of startups in Ukraine, the following are highlighted: education – the creation of a center that will help startups to develop from the beginning of the emergence of an idea to the development of the first prototypes; security – financing of military and defense developments, ecology – support for environmental startups that have the potential to expand globally, and the local ecosystem – state-region-city-community-startup.
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Khaustov, Mykyta M., Andrii T. Danko, Dmytro V. Bondarenko, and Oleksiy K. Yurchenko. "Examining the Startup Ecosystems, Ensuring the Economic Growth of the World Countries." Business Inform 8, no. 535 (2022): 47–59. http://dx.doi.org/10.32983/2222-4459-2022-8-47-59.
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Startups have recently become an important component of the modern economy, leading to an increase in its innovativeness and providing opportunities for a country to reach the best possible position in the competitive world market. The article is aimed at examining the ecosystems of startups of the countries around the world, their grouping and defining the key driving forces for the development of startups. The methodological basis of the article includes: an overview of international indices and rankings of startup ecosystems; the correlation, cluster, graphic, and statistical analyses. The structure and composition of the main international indices and rankings that characterize the conditions for the development of startups are examined. A correlation analysis of the main indices characterizing the level of development of startup ecosystem and the socioeconomic development of the world countries was carried out. This allowed to determine a noticeable relationship between: indicators of the Index of the most startup-friendly countries around the world and the Global Innovation Index; the number of startups per 1 thousand residents and the Global Startup Ecosystem Index; GDP per capita and the Global Innovation Index. A grouping of countries of the world was carried out using the cluster analysis, which was carried out in accordance with two groups of indicators. The analysis of the first group of indicators (the Index of the most startup-friendly countries in the world, the Global Startup Ecosystem Index and the number of startups per 1 thousand residents) allowed to allocate three clusters according to the level of development of the startup ecosystem: leading countries, potential leaders, and catching up countries. A group of countries that, according to the classification, are leaders in terms of both the development of startup ecosystems and socioeconomic development is defined. The main directions of bridging the gap in the development of startups in both the catching up countries and the developed countries of the world are identified: ensuring the transparency of startup ecosystems and their mutual coordination with the country’s innovation policy; promoting entrepreneurial and startup-based thinking in science and research; promoting the formation of a more friendly attitude of society to startups; attracting more employees from the academic, scientific and entrepreneurial spheres, whose activities, in cooperation with the government, should be directed to the development of science-intensive and technological startups.
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Chupryna, Anhelina. "Current Legal Problems of Supporting the Development of Start-Ups in the Conditions of the Russian-Ukrainian War." Law and innovations, no. 1 (41) (March 12, 2023): 49–55. http://dx.doi.org/10.37772/2518-1718-2023-1(41)-7.
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Problem setting. The criminal attack of the Russian Federation on Ukraine without a declaration of war on February 24, 2022 fundamentally changed the entire system of legal relations of our state. Such armed aggression was also reflected in the entrepreneurial activity of startups as newly created subjects of entrepreneurial activity. Currently, the legal system of our country is in constant evolution in order to develop methods of supporting such subjects of entrepreneurial activity. Attention is also drawn to a number of law-enforcement aspects of startups that are not regulated at the level of regulatory and legal acts, which have a direct impact on the prospects of their development in Ukraine. Аnalysis of recent researches and publications. The issue of startup activity became the subject of scientific research by such scientists as S. V. Hlibko, O. V. Rozgon, I. V. Podrez-Ryapolova, A. S. Petkevich, A. V. Sherstobitov, I. V. Yashchyshina, and others. Within the framework of this scientific article, the specifics of the activity and support of startups in the conditions of martial law at the current stage of the Russian-Ukrainian war will be investigated. Тarget of the research is to examine the problems of startups that are in the Expansion and Exit stages of development at the current stage of the Russian-Ukrainian war. These are the final stages of the development of startups, which occurs after the stages of Pre-seed, Seed, Startup, Early Growth. After successfully passing the specified stages, the subject of entrepreneurial activity turns from a startup to an innovative enterprise, as it ceases to meet the criterion of small size and innovation. That is why the effective passage of these stages of development makes it possible to strengthen the economy of our state with another large enterprise, which at the same time has a positive effect on the market of innovative products and makes contributions to the budget of Ukraine through the payment of taxes and fees Аrticle’s main body. A startup is a high-risk type of entrepreneurship, as a result of which the challenges faced by representatives of Ukrainian business during the full-scale war mostly had a greater impact on startups. The analysis of the monitoring data allows us to state that the most observed influence is the regional location of business entities, while the negative influence of such factors as tax and regulatory pressure, the corruption component, lack of qualified employees, etc., was significantly reduced. Relocation is considered to affect the fault of the party to the obligation and is the basis for reducing the amount. Conclusions and prospects for the development. The analysis of statistical studies makes it possible to claim that a number of risks, which were key for startups in previous years, have reduced their impact. Instead, in 2022-2023, the biggest risks for startups are circumstances related to the conduct of hostilities. So, in particular, the regional location of the startup’s production plays a key role. At the same time, the risk of an unfavorable geographical location of a startup can be partially reduced due to state support for startups in certain sectors of the economy. Considerable support for startups was provided through the relocation program, which, in addition to its main goal of keeping enterprises in the front-line territory, is considered to affect the fault of the party to the obligation and is the basis for reducing the amount of fines, as well as delaying the execution of the court decision.
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Sorenson, Olav, Michael S. Dahl, Rodrigo Canales, and M. Diane Burton. "Do Startup Employees Earn More in the Long Run?" Organization Science 32, no. 3 (May 2021): 587–604. http://dx.doi.org/10.1287/orsc.2020.1371.
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Evaluating the attractiveness of startup employment requires an understanding of both what startups pay and the implications of these jobs for earnings trajectories. Analyzing Danish registry data, we find that employees hired by startups earn roughly 17% less over the next 10 years than those hired by large, established firms. About half of this earnings differential stems from sorting—from the fact that startup employees have less human capital. Long-term earnings also vary depending on when individuals are hired. Although the earliest employees of startups suffer an earnings penalty, those hired by already-successful startups earn a small premium. Two factors appear to account for the earnings penalties for the early employees: Startups fail at high rates, creating costly spells of unemployment for their (former) employees. Job-mobility patterns also diverge: After being employed by a small startup, individuals rarely return to the large employers that pay more.
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Mousa, Saeed. "Examining Dual-Moderation of Structure Racism, Economic Fragility, High Tech Startup’s Team Diversity and Performance." iRASD Journal of Management 5, no. 4 (March 22, 2024): 260–78. http://dx.doi.org/10.52131/jom.2023.0504.0121.
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This study has been conducted to examine the dual moderation of structural racism and economic fragility between team diversity and startup team performance. Team diversity is particularly important for new ventures or startups as the need or focus of such startups is on a diverse range of consumers. The role of racism and economic fragility cannot be ignored in this regard. To conduct this research the targeted population is the high-tech startups in France. For data collection, 351 questionnaires were received and processed for data analysis. The results indicated a significant impact of team diversity on startup team performance. The moderating role of structural racism was also significant between team diversity and startup team performance. Whereas, economic fragility also significantly moderates the relationship between team diversity and startup team performance. The practical importance of this study is greatly implied in those startups which incorporate diversity in their workplace. The policymakers are also devoted to performing their part concerning the policies that are being formulated to encourage and promote diversity in the workplace as well as in educational settings. Theoretically, this research contributes to the growing body of literature regarding startup performances. However, most of the high-tech startups in France did not contain the required data for gaining clear facts and figures. This limitation can be catered to in the future by targeting more advanced high-tech startups in France.
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Zhyber, Tetyana V., Larysa O. Lihonenko, Olena V. Piskunova, Pankaj Srivastava, and Tetyana A. Huzik. "Logit-model for predicting startup’s venture funding." Socio-Economic Problems of the Modern Period of Ukraine, no. 5(151) (2021): 29–36. http://dx.doi.org/10.36818/2071-4653-2021-5-4.
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The paper is devoted to deepening the academic basics using forecasting modeling methods to determine the predictors of enterprises’ success. A startup as a form of entrepreneurship is important today due to the ability to maintain the sustainability of the economic system through a flexible response to challenges. The startup’s potential for receiving external, direct venture financing from other economic counterparties is important forits sustainable development and success. The empirical study puts forward two hypotheses. The first one is that successful startups have common features, which are the factors in obtaining venture financing, i.e. predictors of success. The second hypothesis is a continuation of the first one and requires testing the importance of information representation and clarity of future startup results among venture investors, in particular through the information available about the startup’s activity over the Internet. The empirical study is based on data sets about startups in Ukraine over the last decade. The simulation is performed with logit models developed by the authors. The calculation allows us to confirm the identification of factors of direct influence on the startup’s success according to the built models. The ability to obtain venture capital is one of the startup’s characteristics. The logit model is used as the research tool to determine the relevant factors for defining the positive decision of venture investors to provide startup funding. Predictors of obtaining external funding are identified and considered as the prerequisites for the startup’s success in general. According to the research results,the presence of previous investors, the startup’s profit orientation, the startup’s website, and availability of information about its activity in the social network are the important factors for receiving external financing by a startup. Thepaper argues that the startup’s focus on the public good without profit orientation does not stimulate venture investors. Two periods of the startup founding are singled out among the influence signs in deciding whether a startup will receive external financing: before 2014 and after it. The recognizability of a startup became the determining factor for venture financing after 2014 due to the information provided through the Internet. Until 2014, the relationship with large corporations’ clients had been the most important feature for a startup with external venture financing.
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Lange, Jürgen, Stefan Rezepa, and Monika Zatrochová. "The Role of Business Angels in the Early-Stage Financing of Startups: A Systematic Literature Review." Administrative Sciences 14, no. 10 (October 4, 2024): 247. http://dx.doi.org/10.3390/admsci14100247.
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Funding is an essential factor for the viability and growth of startups. As a result, business angels play a crucial role in providing financial support to these business companies, particularly those that are innovative and have significant potential for growth. This study sought to determine the role business angels play in the early-stage financing of startups. Specifically, the study looked at the value-added services provided by business angels, business angel funding impact on startup survival rates, the effectiveness of business angel networks’ impact on facilitating startup funding, and business angels’ contribution to the development of entrepreneurial ecosystems beyond financial investment for startups. This study adopted a systematic literature review methodology, employing key theoretical methods such as analysis, synthesis, comparison, and induction to assess the role business angels play in the early-stage financing of startups. The findings show that business angels’ expertise, networks, and mentorship emerge as critical value-added startup services. Similarly, it was found that business angel funding positively influences startup survival; however, other factors also influence this impact. Moreover, the results show that business angel networks play a significant role in facilitating startup funding. Furthermore, beyond financial investment for startups, it was found that business angels contribute significantly to the development of entrepreneurial ecosystems, including prioritizing the contributions of ecosystem builders in startup screening, access to mentoring, and entrepreneurial education. The study concluded that business angels play a positive role in the early-stage financing of startups.
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Auti, Prashant Dadasaheb. "Web Based Platform for Startups and Investors to Connect and Predict Investment Returns Using Deep Learning." International Journal for Research in Applied Science and Engineering Technology 11, no. 5 (May 31, 2023): 4347–51. http://dx.doi.org/10.22214/ijraset.2023.52590.
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Abstract: Investing in startups can be a high-risk, high-reward endeavor. Investors often face significant challenges in identifying promising startup opportunities and making informed investment decisions. Conversely, startups struggle to attract the attention of potential investors who align with their vision and goals. This paper presents a web-based platform that addresses these challenges by leveraging deep learning techniques to connect startups and investors and provide predictions on investment returns. The proposed platform serves as an online marketplace where startups can showcase their business plans, products, and financial projections. Simultaneously, investors can explore a diverse range of investment opportunities and gain access to detailed information about the startups. By integrating deep learning algorithms, the platform analyzes historical startup performance data, market trends, and other relevant factors to provide intelligent predictions on potential investment returns. this paper proposes a web-based platform that leverages deep learning techniques to connect startups and investors and predict investment returns. By providing an online marketplace, personalized predictions, and an interactive environment, the platform offers a comprehensive solution to the challenges faced by both startups and investors. Through the fusion of advanced machine learning techniques and real-time data analysis, the platform empowers stakeholders to make informed investment decisions and foster the growth of the startup ecosystem.
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Kézai, Petra Kinga, and Attila Kurucz. "Crisis Resilience of Startup Companies (The Case of Hungary among the Visegrad Countries with a Focus on the Pandemic)." Sustainability 15, no. 9 (April 24, 2023): 7108. http://dx.doi.org/10.3390/su15097108.
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The study examines the crisis resilience of startup companies in Hungary among the Visegrad countries as a result of the pandemic situation. It aims to provide guidance on what support is needed for startups in the post-crisis period to re-launch the economy and to contribute to the region’s economy with positive results. The research was carried out in two stages: first, in 2021 through an online survey, and then, in 2022 in-depth interviews due to the economic crisis caused by COVID-19 and the Russian–Ukrainian war. A mixed research methodology was used, which comprised an online questionnaire administered in the Crunchbase database (n = 97) and in-depth interviews among startup founders and experts of the startup ecosystem (n = 22). The research summarizes the V4 countries’ measures to protect entrepreneurship with a particular focus on startups. The research found that a crisis such as a pandemic did not have a uniformly negative impact on startups. The winners of the economic crisis are startups in IT, healthcare (Medtech. health-tech), e-commerce and digital education, while those who fared worst are startups in tourism and hospitality. The positive impact of the crisis has been a cleansing of the startup ecosystem. Business support measures supported the viable startups and helped them survive.
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Olorunyomi Stephen Joel, Adedoyin Tolulope Oyewole, Olusegun Gbenga Odunaiya, and Oluwatobi Timothy Soyombo. "NAVIGATING THE DIGITAL TRANSFORMATION JOURNEY: STRATEGIES FOR STARTUP GROWTH AND INNOVATION IN THE DIGITAL ERA." International Journal of Management & Entrepreneurship Research 6, no. 3 (March 16, 2024): 697–706. http://dx.doi.org/10.51594/ijmer.v6i3.881.
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In today's fast-paced digital landscape, startups face unprecedented challenges and opportunities in navigating the complex journey of digital transformation. This review explores key strategies essential for startup growth and innovation amidst the evolving digital era. Firstly, understanding the dynamics of digital transformation is crucial. Startups must recognize the profound impact of technological advancements on consumer behavior, market trends, and industry landscapes. By embracing digitalization as a strategic imperative rather than a mere operational enhancement, startups can leverage emerging technologies to drive innovation and gain competitive advantage. Secondly, agility and adaptability are paramount. Startups must cultivate a culture of flexibility and resilience to swiftly respond to changing market demands and technological disruptions. Embracing iterative approaches such as Agile and Lean methodologies enables startups to iterate quickly, experiment with new ideas, and pivot when necessary. Moreover, fostering a customer-centric mindset is indispensable. Startups must prioritize understanding customer needs, preferences, and pain points to deliver personalized experiences and create value-added solutions. Leveraging data analytics and customer feedback loops empowers startups to make data-driven decisions and continuously enhance their products or services. Additionally, collaboration and ecosystem engagement are instrumental in driving startup success in the digital era. Partnering with other startups, industry incumbents, academia, and governmental organizations fosters knowledge exchange, resource sharing, and access to new markets or funding opportunities. In conclusion, startups embarking on the digital transformation journey must adopt a holistic approach that encompasses technological innovation, organizational agility, customer-centricity, and collaborative ecosystems. By doing so, startups can navigate the complexities of the digital era, achieve sustainable growth, and unlock new avenues for innovation and market disruption.
Keywords: Digital Transformation, Startup, Growth, Innovation, Digital Era, Review.
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Guseva, O. A., and A. N. Stepanova. "Startups in Russia: Ownership and performance." Journal of the New Economic Association 52, no. 4 (2021): 67–97. http://dx.doi.org/10.31737/2221-2264-2021-52-4-3.
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During two decades the Russian government has invested heavily in support of high-tech startups. However, considering high level of information opacity of startups, we focus on equity as the primary source of their financing, and on owners as the main source of support for such firms. This paper examines how ownership characteristics affect the performance of high-tech performance of startups in nuclear and space industries. We focus on how different types of owners (founders, state, and venture capital) contribute to performance of startups in nuclear and space industries. Using an unbalanced panel of startups from Skolkovo, the largest Russian innovation cluster, from 2010 to 2016, we found evidence of a negative relationship between a support from government-related organizations and chosen indicators of startup performance. Our findings confirmed the significant impact of private venture capital on startup performance, however the effect is industry-specific. While family equity contributions were not found to have a significant impact on startup performance, we identified a positive relationship between owner or CEO change and future startup performance. We discuss potential interpretations of the findings and provide strategic management insights for startup owners and investors.
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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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Nardes, Felipe Bruno Souza, and Roberto Campos da Rocha Miranda. "Lean Startup e Canvas: uma proposta de metodologia para startups." Revista Brasileira de Administração Científica 5, no. 3 (November 15, 2014): 252–72. http://dx.doi.org/10.6008/spc2179-684x.2014.003.0015.
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Apresenta o uso da metodologia Lean Startup e da modelagem de negócios, por meio da ferramenta Canvas, em empresas nascentes, denominadas startups. Trata-se de uma nova forma de empreender, em que se verifica a prevalência da experimentação em oposição ao planejamento minucioso. Atualmente, alguns estudiosos e empreendedores defendem a ideia de que não é possível abordar de maneira tradicional, com o auxílio de um plano de negócios, a criação de startups. Por meio de pesquisa bibliográfica sobre o tema, o presente trabalho apresentou de que forma a metodologia Lean Startup consegue lidar melhor com o dinamismo e incertezas presentes na criação e desenvolvimento de uma startup do que a abordagem tradicional, que sustenta a confecção de um plano de negócio. Entretanto, a título comparativo, também foram abordadas nesse estudo as principais características de um plano de negócios, examinando os prós e contras dessa ferramenta. Como resultado, buscou-se contribuir para o sucesso dos empreendedores envolvidos com startups.