Analysis of Signing Incomplete Contracts between Maker Space and Start-Ups

Abstract

With the advancement of science and technology, innovation has become one of the main ways to promote social development. In such an environment, the concept of maker space emerged. Maker space provides entrepreneurs with the services they need, helps entrepreneurs save costs, and simplifies the entrepreneurial process. Maker space also uses the effect of scale to provide these services at a relatively low cost and make profits. However, the development of maker space has entered a bottleneck period, and it is difficult to break through the profitability and market size, so it is necessary to seek optimization in the business model. Incomplete contracts provide a potential possibility. Incomplete contracts have the characteristics of low cost and strong incentive ability, which meet the needs of the maker space. In this context, this paper studies how incomplete contracts can achieve benefits between the maker platform and start-ups. Using SWOT analysis, it is concluded that the use of incomplete contracts between the maker space and start-ups has positive advantages. A suggestion that incomplete contracts should be widely used in the future contract signing between the maker space and start-ups is drawn. This study believes that the application of incomplete contracts has broad prospects in the future.