Startup Ecosystem Research Articles

Startup Ecosystem in India: The growth and rise of Startups in the recent scenario

Startup Ecosystem in India: The growth and rise of Startups in the recent scenario

Trends in the development of startup infrastructures in Ukraine, Latvia and Georgia

The article is dedicated to analyzing trends in the development of startup infrastructure in Ukraine, Latvia and Georgia. The article is based on concrete data, a comprehensive analysis of statistical and qualitative data on the development of startups in Ukraine, Latvia and Georgia. This provides a reliable basis for the arguments and conclusions. General patterns of startup infrastructure development in the three countries were identified. A PEST analysis of startup infrastructure development in Ukraine, Latvia and Georgia was conducted. Thus, the authors conduct a multidisciplinary analysis that includes not only economic, but also social and technological aspects of startup ecosystems and infrastructures. Suggestions for improving the startup infrastructure in these countries were developed.

The Role of Artificial Intelligence Technology and Innovation in Disrupting Traditional Business Models and Startup Ecosystem

The rapid advancement of Artificial Intelligence (AI) is revolutionizing entrepreneurship by creating unprecedented opportunities and driving transformative change across various sectors. This abstract explores how AI is influencing entrepreneurial ventures, focusing on its role in enhancing data analytics, personalizing customer experiences, and advancing healthcare and automation. AI enables startups to leverage sophisticated tools for predictive analytics, tailored interactions, and efficient operations, which can disrupt traditional business models and accelerate growth. As AI technology continues to progress, it reshapes the competitive landscape, offering new avenues for innovation and strategic advantage. Understanding and harnessing AI’s potential is becoming crucial for entrepreneurs seeking to thrive in an increasingly digital and data-driven world. Keywords: Artificial intelligence technology, innovation, startup ecosystem, entrepreneurship

Impact of university-industry R&D collaboration on innovation transfer and startup performance

Effective partnership of education and business is a catalyst for innovation transfer, startup ecosystem development and sustainable economic growth. The research aims to identify the impact of university-industry R&D collaboration on startups performance, taking into account existing knots and gap intervals. The study sample was formed for 100 world countries, represented in the Global Startup Ecosystem Index rating. The formed base includes data of the University-industry R&D collaboration indicator within the Global Innovation Index 2023 by WIPO and data of the Global Startup Ecosystem Index 2023 by StartupBlink. In the first stage, the procedures for checking the significance of investigated indicators were applied, including descriptive statistics, checking the distribution law and regression analysis. The second stage covers the construction of median-spline plots, scatter plots and spline modelling using the STATA 18 program complex. The range of values of the University-industry R&D collaboration index was determined on the condition of reaching which the maximum statistically significant value of the indicator of startup productivity is predicted. The obtained results confirm the importance of an entrepreneurial university concept for innovation transfer and their commercialization and provide a view of the targeted value of the University-industry R&D collaboration on average at the world level.

Reimagining entrepreneurship by utilizing venture dynamics in sharing economy: Evaluating the symbiosis of macro and micro factors for sustainable capital flows in developing markets

AbstractVenture capital (VC) plays a vital role in fostering revolution and entrepreneurship in emerging economies. However, attracting VC investments remains a significant challenge for startups in these markets. This study investigates the macro and micro factors influencing VC attraction in the Bangladeshi startup ecosystem, employing a mixed‐methods approach. A systematic literature review was performed to recognize the key factors influencing VC attraction in emerging markets. Qualitative interviews with 20 stakeholders, including startup founders, investors, and policymakers, were undertaken to gain insights into the challenges and opportunities for VC attraction in Bangladesh. Quantitative analysis of secondary data on VC investments and startup characteristics was executed to examine the associations connecting the identified factors and VC investment amount. The findings reveal that government policies, human capital availability, and informal institutions are critical macro factors influencing VC attraction, while founder and team characteristics, business model and scalability, and traction and validation are key micro factors. The study contributes to the literature on VC in developing economies by providing a comprehensive examination of the interplay of institutional, human capital, cultural, and startup‐specific factors shaping VC investment decisions. The findings have important implications for policymakers, investors, and entrepreneurs seeking to foster a more vibrant and sustainable startup ecosystem in Bangladesh and beyond. The research underlines the need for a holistic approach to addressing the challenges and leveraging the opportunities for VC attraction in emerging markets.

A Study of Components of a Development of Emerging New Businesses Along with Start-up Ecosystem & Different Challenges Faced by Startup during the Development Process

Abstract India has gained global attention as a leading country that has seen significant development in the establishment of new businesses, positioning itself as a prominent center for start-ups. The birth and growth of a new businesses are impacted by several components, such as the demand for a new firm, the fundamental concept, location & events, finance sources, education & skills, employees & others. The Indian economy is widely recognized as the fifth biggest in the world when measured by gross domestic product, or the third largest when measured by purchasing power parity. The significance of start-ups in fostering this economy cannot be neglected since they contribute to the upward path of the nation’s economy. This study paper explores the various components involved in the creation of new businesses & their requirement in the process of the development of a start-up ecosystem. It also focus on the many obstacles & challenges that start-ups encounter throughout the development phase.

The UK start-up ecosystem: Opportunities and Challenges

This paper analyses the key opportunities and challenges facing start-ups in the UK, with a focus on their geographical distribution, business sectors and funding stages. Using data from the PitchBook database, we conducted a quantitative analysis of UK start-ups. Our results show that London is a dominant hub for start-ups due to its advanced economic infrastructure and easy access to funding. Fintech, Foodtech and Supply Chain & Logistics are among the most important sectors in which UK start-ups operate. Analysis of the funding stage revealed that most start-ups are in the early stages of their development, highlighting the need for further support as they move into more advanced stages of growth. Furthermore, we found that most start-ups have a relatively small number of employees, which is typical of firms in the early stages of development. Based on our findings, we recommend detailed case studies of successful and unsuccessful start-ups, long-term monitoring of start-up development, comparative studies with other countries, and analysis of the impact of the regulatory environment. Research should also include the impact of technology and innovation, social and cultural factors, the role of educational institutions and incubation programmes, and the impact of Brexit on the start-up ecosystem. These proposals can provide valuable information for entrepreneurs, investors and policy makers seeking to support the growth and success of start-ups in the UK.

Navigating The Entrepreneurial Landscape: Challenges Faced By Startups In Kerala, India

This research paper investigates the challenges confronting startups within Kerala, India's burgeoning entrepreneurial landscape. Despite a surge in startup initiatives, numerous obstacles impede their growth and sustainability. Through a comprehensive literature review and empirical analysis, this study aims to identify and analyze these challenges, offering insights for entrepreneurs, policymakers, and investors. Key objectives include examining challenges faced by IT startups from inception to scale-up, assessing funding rates in Kerala compared to other states, and proposing solutions to bridge gaps in the startup ecosystem. The study employs descriptive statistics to summarize survey data, highlighting financial, marketing, and product validation challenges. It suggests measures such as establishing effective feedback mechanisms, prioritizing swift product launches, enhancing PR support, and conducting thorough market research. By implementing these recommendations, startups can navigate challenges effectively, fostering a conducive environment for entrepreneurial success in Kerala.

KARNATAKA STARTUP ECOSYSTEM:A CONCEPTUAL STUDY

Karnataka, a southern state in India, has emerged as a prominent hub for startups, driven by a vibrant ecosystem that fosters innovation and entrepreneurship. This article explores the components, growth, lifecycle, funding, and the role of Karnataka's state startup policy in shaping the entrepreneurial landscape. A comprehensive literature review, research methodology, objectives, and scope are provided to present a thorough understanding of the startup ecosystem in Karnataka.

Financing practices of labeled startups

The research investigates the formal and informal financing practices utilized by labeled startups in Algeria, emphasizing their essential role in economic development. Despite the recent dynamism observed in the Algerian startup ecosystem, these enterprises face substantial growth challenges due to limited access to financing, a critical factor for their success. To address this issue, a study was conducted involving 129 owners of labeled startups as of June 2023, employing a questionnaire for data collection. The data were analyzed using descriptive statistics and multivariate logistic regression. The findings confirm the prevalence of personal financing/love money as the dominant source of funding, with venture capital also identified as a significant financing method. Additionally, 28% of startups resorted to informal financing practices due to inadequate bank financing and difficulties in accessing other funding sources. The study also reveals that support structures have no significant impact on startup financing. This research provides valuable insights into the financing challenges faced by labeled startups and offers directions for future, more comprehensive research.

A resilient Startup Leader's personal journey: The role of entrepreneurial mindfulness and ambidextrous leadership through scaling-up performance capacity

Startups always face challenges during every scaling-up phase, so they need leaders who are resilient. Entrepreneurial resilience is the capacity of startup leaders to continue functioning in the face of various challenges. This research aims to explore how the dynamic interaction between entrepreneurial mindfulness and ambidextrous leadership influences the resilience of startup leaders during the scaling-up phase. The ability of startup leaders to execute entrepreneurial decisions and demonstrate ambidextrous leadership is crucial for increasing performance capacity. This study adopts a quantitative approach, utilizing a survey of startup leaders who have successfully undergone the scaling-up process, and analyzes the survey results using the SMART PLS program. Research findings suggest that entrepreneurial mindfulness influences decision-making, risk management, and strategic adaptability. This research examines how ambidextrous leadership, characterized by simultaneously exploring new opportunities and exploiting existing resources, enhances leaders' adaptive capacity in uncertain environments. These findings highlight the synergistic relationship between entrepreneurial awareness and ambidextrous leadership, collectively impacting startup leaders' ability to foster resilience during the scale-up journey. This research contributes to the existing literature by offering insights into practical strategies used by resilient leaders to enhance organizational performance and adaptability. In conclusion, this research emphasizes the importance of cultivating a mindful entrepreneurial mindset and adopting ambidextrous leadership practices for startup leaders aiming to thrive in a volatile scaling landscape. These findings not only contribute to individual leadership development but also inform organizational strategies and interventions aimed at fostering resilience and sustainable growth in the startup ecosystem.

Start-up ecosystems: the experience of Latvia, Lithuania, Estonia

Start-up ecosystems: the experience of Latvia, Lithuania, Estonia

GOVERNMENT INITIATIVE “VOCAL FOR LOCAL”: OPPORTUNITIES AND CHALLENGES FOR INDIAN ECONOMY

The "Vocal for Local" initiative, launched by the Indian Government in May 2020, aims to promote economic self-reliance and boost domestic manufacturing in the wake of the COVID-19 pandemic. This study examines the opportunities and challenges associated with this initiative and its potential impact on the Indian economy. The findings suggest that sustained utilisation of locally made products over the next 25 years could mitigate unemployment in India. However, effective implementation requires a proactive approach that incorporates lessons from the shortcomings of the previous "Make in India" campaign. The "Vocal for Local" initiative emphasises supporting domestic industries, mainly small-scale businesses, to reduce reliance on imports and position India as a global manufacturing hub. It aligns with the broader "Atmanirbhar Bharat Abhiyaan" (Self-reliant India campaign), focusing on five pillars: economy, infrastructure, system, vibrant demography, and demand. The initiative presents opportunities to boost local manufacturing, create employment, develop skills, and foster a startup ecosystem. However, challenges include infrastructure development, quality control, and addressing the informal sector. The study concludes that the success of the "Vocal for Local" initiative depends on refining its goals and policy frameworks while addressing the identified challenges to ensure sustainable economic growth and self-reliance in India.

Technology start-ups in tourism and hospitality: A networked social capital theory perspective from early-stage start-up founders

Technology start-up entrepreneurship serves as the backbone of innovations within the tourism and hospitality industry. However, there is a lack of comprehensive research investigating the perspectives of founders who are the original innovators. Via social capital theory, this study aims to explore the entrepreneurial processes of founders during the critical early stages, determining the survival of technology start-ups. The research adopts a qualitative in-depth interviewing approach with seventeen early-stage tourism and hospitality start-up founders in Hong Kong and Thailand. By employing abductive thematic analysis, the study develops a novel conceptualization of the networked social capital, comprising four interconnected themes: team building, fundraising and resource acquisition, collaboration and partnerships, and credibility building. Also, the study highlights the evolving social dynamics among start-up ecosystem actors influenced by cutting-edge technologies. This study contributes to the tourism and hospitality literature and offers practical implications for start-up entrepreneurs, public policymakers, and tourism and hospitality firms.

Driving Innovation and Economic Development: The Role of Business Incubators in Agri-Tech Start-Up Ecosystems

"The research delved into the crucial role of Business Incubators (BIs) in fostering the success of start-ups, focusing specifically on the burgeoning Agri-tech sector. Through a blend of primary data collected from Agri-tech start-ups with the help of a well-structured questionnaire and secondary data sourced from governmental departments, a comprehensive analysis was conducted to assess the impact of incubation services on start-up success. The findings underscored the significant growth in job creation within India’s start-up ecosystem, particularly attributed to initiatives like Startup India. The data highlighted the substantial contribution of start-ups to employment generation and economic advancement. Additionally, the upward trend in venture capital investment in the agritech sector emphasized the industry’s potential for growth and innovation. The study revealed a significant correlation between incubation services and start-up success. Services such as access to funding, mentorship, and legal support emerged as critical factors in driving start-up success."

Outlines of the Science and Technology System: A Look into the Past for Forming Policy for the Development of the Next Generation Ecosystem. Part 3

Temporary distraction from the existing paradigm of the science and technology system in society and formation of new outlines as deployment of a design of the future in the form of determining the state and of managing a broader complex – an innovation ecosystem – are complemented by an understanding of its advancement as transitions to the next generations through the development of several qualitatively different target scenario models. We have discussed the Startup Genome method in the second part of the work. This method is used for ranking and analyzing life cycle phases of startup ecosystems. It has a reduced scope with the tasks we have added within its framework for communication with science and technology organizations. In order to empirically discover or build a suitable for selected stakeholders in the science and technology sector, or even for the entire ecosystem, and a distant framework configuration “according to principles”, “according to forecasts”, “according to Western experience”, “by order”, “according to national goals” and/or “according to a successful historical legacy” one has to show an extreme flexibility in choosing between conservative and radical approaches. However, such an ideal frame as an outline of the future ecosystem is vanishing. In this article, we study the issues of transforming an innovation ecosystem from generation to generation as a series of close framework configurations to the condition of its sustainable self-development as the ultimate goal. We use the comprehensive approach proposed by Martti Launonen and Jukka Viitanen to characterize ecosystems in a specific cross-section and conduct its comparative analysis using the Startup Genome method. We justify the introduction of an additional layer of funding in their scheme and emphasize the special significance and role of central regional organizations, i.e. innovation hubs. Despite the distinct differences between countries, we believe that there is a universal comprehensive framework. This means that by strengthening the current structures and policies in a transformational manner, one can move up the levels of completeness and maturity of the innovation ecosystem.

EMPLOYEE ENGAGEMENT PRACTICES AND THEIR IMPACT ON STARTUP GROWTH: PERCEPTION OF AHMEDABAD ENTREPRENEURS

India's startup ecosystem has rapidly evolved, becoming a global hub of innovation and entrepreneurship. Employee engagement practices are pivotal for startups in this competitive landscape. Engaged employees are more productive, innovative, and committed, contributing significantly to the startup's success. Effective engagement strategies, including clear communication, recognition, professional development, and a positive work environment, are essential for fostering a motivated and high-performing workforce. This study examines the role of employee engagement practices in driving the growth of startups, focusing on the perceptions of 100 startup owners in Ahmedabad city. The research aims to analyze how startup owners perceive the impact of employee engagement on productivity, innovation, and overall success. Additionally, it explores the relationship between the demographic profiles of startup owners and their views on employee engagement. Findings indicate a strong belief among startup owners that high employee engagement significantly enhances productivity, fosters innovation, and positively influences startup growth. The study also reveals that demographic factors, such as age and experience, shape these perceptions. These insights underscore the necessity for startups to prioritize robust employee engagement strategies to achieve sustained growth and competitive advantage.

Unveiling the dynamic nexus between corporate social responsibility, innovations and financial performances in 21st-century Indian start-ups

Purpose With the rapid rise in the number of start-ups, corporate social responsibility (CSR) can principally contribute to the nation’s socioeconomic development, making it more critical. This study aims to explore the effect of sustainability practices on a firm’s performance with competitive advantage (CA) and innovation (INN) as the mediating variable. Design/methodology/approach An exhaustive literature review was done to identify the constructs relationship for this study, and a questionnaire was used to gather the data from the start-up owners. In total, 400 samples were received, and partial least squares structural equation modeling was used for testing and validating the proposed hypotheses. Findings CSR and financial performance (FP) have a significant relationship. According to this study’s findings, innovation and CA substantially mediate the relationship between a firm’s FP and CSR. This study will highlight how CSR practices stimulate organizational creativity, problem-solving and strategic thinking. It will also demonstrate how CSR can foster a culture of innovation that generates long-term value and positively impacts FP. Practical implications It will aid in improving the knowledge of start-up owners that CSR is more than just pure altruism or philanthropy; instead, it must be promoted strategically as an investment that boosts productivity and creativity while also bringing overall financial benefits to the company. It will ultimately enhance the start-ups’ ability to improve the economy and society. Furthermore, this study holds the potential to inform policy discussions and recommendations for fostering responsible business practices in the Indian start-up ecosystem. Policymakers can benefit from insights into how regulations and incentives can be designed to encourage start-ups to adopt CSR practices that not only fulfill legal obligations but also contribute to their CA and FP. Originality/value This study provides empirical validity to establish linkages between sustainability measures on the FP concerning start-ups that were not considered in the prior studies. Identifying the current conceptual framework and CA and Innovation as the two major factors influencing CSR in Indian enterprises is a novel contribution. This study aims to fill the research gap. By unravelling the intricate dynamics between CSR, FP and CA, the research contributes to the understanding of how start-ups can navigate the complex interplay of social responsibility and business success in the Indian context.

A Critical Study of Startup Financing Dynamics and Emerging Approach to Attracting Capital Resources

This study delves into the diverse landscape of startup financing in India, examining the sources of funds and emerging approaches to attracting capital resources. Through an analysis of general statistics, including the types of startups, gender distribution of founders, and funding sources, the study provides insights into the dynamics of the startup ecosystem. The findings reveal that a significant portion of startups rely on internal sources such as family and friends, personal savings, and bootstrapping, while external sources like angel investors, venture capitalists, and government grants also play a crucial role. Additionally, the study explores various financing options available to startups at different stages of their lifecycle, including debt financing, commercial lenders, government programs, and leasing arrangements. By shedding light on these financing avenues, the study aims to inform entrepreneurs, investors, and policymakers about the evolving landscape of startup finance and facilitate informed decision-making.

The Influence of Access to Finance, Government Support, and Industry Collaboration on the Success of Cikarang Start-up

This research investigates the effect of access to finance, government support, and industry collaboration on startup success in the Cikarang region through quantitative analysis. A sample of 120 startups participated in an online survey, rating their perceptions and experiences on a 5-point Likert scale. Data analysis utilized Structural Equation Modeling with Partial Least Squares (SEM-PLS 3). Results indicate significant positive relationships between access to finance, government support, industry collaboration, and startup success. Access to finance and government support demonstrate direct positive effects on startup success, while industry collaboration acts as a mediator, enhancing the impact of financial resources on startup outcomes. The study highlights the importance of fostering a supportive regulatory environment, enhancing access to financial resources, and promoting collaborative partnerships to nurture a vibrant startup ecosystem in Cikarang.