STARTUPS AS DRIVERS OF DEVELOPMENT OF SMART CITIES

Abstract

The article is devoted to the definition of the role of startups in the formation and development of smart cities. It was found that modern smart cities act as centers of innovation and technological development, adapting various smart solutions in order to improve the quality of life of residents and optimize infrastructure. The effective implementation and use of advanced technologies such as the Internet of things (IoT), artificial intelligence, data analysis and automation are one of the most important aspects of the concept of a smart city. Startups, according to their flexible and innovative approach, ensure the development of innovative informational and technological solutions in the field of smart cities. A review of the international experience of startup entrepreneurship was conducted, the results of which indicate that startups are actively implementing innovative solutions in such areas as transport, energy supply, ecology, health care, and others. Cooperation between government structures, business and startups contributes to the development of sustainable infrastructure solutions for smart cities. This approach contributes to the integration of advanced technologies, the development of innovative solutions and the creation of a balanced ecosystem environment, which helps not only to optimize the functioning of cities, but also to increase their resistance to challenges and ensure a high quality of life for residents. Conclusions were made that startup entrepreneurship can make a significant contribution to improving the indicators of a smart city and, accordingly, raise its position in the ratings. The research offers a conceptual view on the essential role that startups play in the formation and development of smart cities, generating innovative ideas, accelerating technological progress, and contributing to the improvement of the quality of life of residents.