Abstract
Start-up enterprises play a vital role in the knowledge economy, commonly acting as links between invention and innovation. Their development depends on an efficient start-up ecosystem including institutional environment. It comprises such classic institutions as business incubators, accelerators, technology parks, centres of technology transfer as well as increasingly popular forms of support like: mentoring, industry meetings, competitions, and hackathons. This paper is intended to analyse and evaluate non-financial support, mainly knowledge and business contacts (networking), in development of start-up enterprises in Poland.
Highlights
The knowledge economy (KE) provides conditions for growing creativity, innovativeness, and competitiveness of organisations operating in an uncertain and changing market environment
As a result of these shifts, start-ups become more important as driving forces of the economy
Innovative and unique undertakings that develop out of the traditional conventions of enterprise growth are a prevailing majority of start-ups. Their characteristics include (Kaliszczak, Sieradzka, 2018): innovation, operation in conditions of extreme uncertainty, ability to learn, potential for dynamic, above-average growth based on technological advantage or market niche, initial phases of growth, and search for a profitable, reproducible, and scalable business model
Summary
The knowledge economy (KE) provides conditions for growing creativity, innovativeness, and competitiveness of organisations operating in an uncertain and changing market environment. Their characteristics include (Kaliszczak, Sieradzka, 2018): innovation, operation in conditions of extreme uncertainty, ability to learn, potential for dynamic, above-average growth based on technological advantage or market niche, initial phases of growth, and search for a profitable, reproducible, and scalable business model It is the aim of this paper to analyse and evaluate non-financial support, mainly knowledge and business contacts (networking), in development of start-up enterprises. The ongoing process of the shift to the knowledge economy causes a fundamental change in determinants of economic development, which include human capital (highly qualified staff), liaisons between science and business (universities, scientific centres, and business environment institutions), information and communication technologies, and, very importantly, actions of public authorities to provide conditions for building and development of the new economy. Numbers of start-ups at the various stages of development help to evaluate an ecosystem’s efficiency in this respect
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