Abstract
Cooperation with Sweden – one of the key priorities of Lithuania. Economic cooperation potential is promising. One of the priority areas of economic activity, in which Sweden invests in Lithuania, is information and communication. In order to develop and utilize the potential for economic cooperation in the IT field, it is relevant to structuralize IT startup business success factors and to jointly develop base for decisions, execution of which would help ensure effective, economic co-operation development based with Sweden, beginning of IT startup business and such business’s continuity. To achieve the objective, following tasks were resolved: concepts of startup business and the startup company were purified, specifics inconcept’s application in the context of the parties were defined; systematized the startup business success factors and ways of strengthening them, focusing on the factors relevant for strengthening economic ties between Lithuania and Sweden within the perspective of IT startup company’s development. Systematic method of research was applied.
Highlights
Cooperation with Sweden – one of the key priorities of Lithuania
According to analysis of startup’s concept, it can be said that the model of the business is based on high-tech transition the innovative business solutions that are the base for product creation, the consumption of which promotes the development of the knowledge society; other attribute of the business model – startup business model is based on the external funding
In the picture of Lithuanian and Swedish startup companies the totality of attributes could be perceived, that is declared in the basic concept of the startup business/enterprise
Summary
Cooperation with Sweden – one of the key priorities of Lithuania. Economic cooperation potential is promising. To achieve the objective, following tasks were resolved: concepts of startup business and the startup company were purified, specifics in concept’s application in the context of the parties were defined; systematized the startup business success factors and ways of strengthening them, focusing on the factors relevant for strengthening economic ties between Lithuania and Sweden within the perspective of IT startup company’s development. The rapidly growing interest in the startup business organization in Lithuania and elsewhere, as well as the business development opportunities, our research is oriented to develop a model of IT startup business development factors, based on results of analyzing successful cases of IT startup business, in order to strengthen bilateral economic relations. – To systemize the startup business success factors and ways to strengthen them, focusing on the factors, relevant for strengthening Lithuania’s and Sweden’s economic ties within the perspective of IT Startup Company’s development
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