Growth Of Start-ups Research Articles

THE ROLE OF STARTUP ACCELERATORS IN THE FORMATION AND DEVELOPMENT OF INNOVATIVE ENTREPRENEURSHIP

The research is dedicated to exploring the significant impact that startup accelerators have on the growth and development of innovative entrepreneurship. It examines how these accelerators support emerging businesses, particularly in the areas of technology and innovation. The study aims to critically analyse and articulate the integral role of startup accelerators in fostering AI-driven entrepreneurship, thereby contributing to a broader understanding of their impact on the innovation ecosystem. The research findings indicate that accelerator programs are instrumental in the growth of AI startups, contributing more than just financial aid. They offer crucial strategic advice, mentorship, and access to broad networks. A notable example is the success of AI startups like OpenAI, which have flourished under these programs, gaining substantial funding and high market valuations. This underscores the role of accelerator programs in fostering industry innovation and growth. AI-focused entrepreneurial ventures are expected to have a significant impact on the global economy and technological progress. By 2030, they are expected to contribute around 16 trillion USD to global GDP, primarily driven by productivity gains, personalisation and quality improvements. Innovation development policies, particularly in AI, have a profound impact on the global redistribution of human capital, particularly in terms of talent acquisition and innovation. Initiatives aimed at strengthening AI talent and facilitating visa processes are critical to attracting global talent, thereby boosting the innovative capabilities of these startups. The race for intellectual capital is predominantly among major players such as the US, China and the UK. The study provides valuable insights for entrepreneurs and investors, highlighting how accelerator programmes can effectively support startup growth and innovation, especially in emerging technology areas such as AI.

Enhancing the Competitiveness of AI Technology-Based Startups in the Digital Era

Artificial Intelligence (AI) startups possess four key attributes; being small enterprises, adopting AI technology, undergoing digital transformation, and using big data systems to enhance their competitiveness. This study aims to identify the key influencing factors needed to enhance the competitiveness of AI technology-based startups and to suggest a decision-making model to improve the technology and business competitiveness of AI startups in the digital era. To achieve this, the hierarchy concept framework was built with four evaluation areas based on the mechanism-based view theory, and the 16 evaluation factors that can influence were identified through existing literature, combining factors related to the digital transformation, technological application, and business competitiveness of the startups. These factors were analyzed using the Analytic Hierarchy Process (AHP) by the survey, targeting experts in South Korea. The analysis results indicate that the subject area was the most crucial for the business competitiveness of AI startups. It was also revealed that the subject’s strategic mind is the most significant factor to AI startups’ success. In the case of two control groups, categorized as ‘AI experts’ and ‘startup experts’, AI experts chose the subject as the most important area, whereas startup experts selected the environment, and significant differences were observed in all other factors. The results of this study will provide implications for strengthening the business competitiveness of AI startups and factors important for the growth of AI startups in this era.

Corporate Psychopath and its Impact on Business Growth: An Exploration of Characteristics, Relationships, and Legal Considerations in the Indian Context

In the emergence of growing technology and innovation around the world , the growth of businesses and Start-ups are on rise . Globally at present 4.4 million businesses are started every year and there are over 150 million startups in the world. India has emerged as the 3rd largest ecosystem for startups globally with over 1,12,718 DPIIT-recognized startups , As many as 167,076 companies were set up in FY22, a 7.5% increase. The tussle to be on top and make the business profitable and have as much market reach as possible is becoming the sole hunt of companies and startups. Every Growth has its own downfalls and the downfall of it is the emergence of Corporate Psychopaths who hold the capacity to stay in the cover and do and make others do what they want, several researchers have named them as chemo liens that mold things under cover for fulfilling their aim and desires and understanding the legal implications. The research aims to shed light on the growth of corporate psychopath in India with the help of established research classifying characteristics of Corporate Psychopaths .Further to classify and differentiate Sociopaths, Narcissist and Antisocial personalities with corporate psychopaths and the ways to identify them. Understand the relationship of Psychopaths and Corporate Psychopaths . The research further shows the emergence of corporate psychopath by taking few examples of people who have shown the characteristics of being corporate psychopaths in India and abroad threw Doctrinal Research Methodology.

The impacts of customer involvement and knowledge absorptive capacity on the performance of startups

ABSTRACT The objective of this research is to investigate the effect of customer involvement in different stages of the new product development process and absorptive capacity on the growth performance of startups. In this paper, the linear regression was utilised to analyse the empirical data collected from 152 startups in Vietnam. Results showed that customer involvement has a positive impact on startup growth. Particularly, startups who involve customers more intensively in the ideation stage will yield better growth than those involving customers in the development and commercialisation. The next finding is about knowledge absorptive capacity whose four processes affect startup growth differently. The analysed data revealed that only knowledge acquisition and knowledge exploitation have a significant positive impact on the performance of startups. Other processes of absorptive capacity, which are knowledge assimilation and transformation, have no contribution to performance. Based on results, some recommendations to enhance the startups’ performance are proposed.

Shaping Startup Culture in Croatia: The Role of Internal Marketing in Fostering Growth

Abstract Background The startup scene in Croatia has been accelerating in development in the last decade, partly due to the available European Union funds. Organisational culture is one of the main prerequisites for the growth and development of successful startups. Internal marketing is often crucial to reshaping positive organisational culture and fostering innovative employee behaviour. Objectives The purpose of this article was to investigate a main characteristic of the startup culture in the Republic of Croatia in order to recommend actions and activities of internal marketing that can help companies achieve their goals faster by engaging and motivating their employees and fostering a positive culture change. Methods/Approach Survey research was conducted on a sample of employees of Croatian startups. The main informant approach was used to collect the answers. Results The analysis reveals that as startups grow, they enhance gender diversity and opportunities for idea sharing yet face challenges in maintaining autonomy and constructive feedback. Additionally, mentoring, as one of the venues of internal marketing within startups, significantly bolsters adherence to company principles and fosters a culture of constructive problem-solving, highlighting the critical role of mentorship in shaping a positive organisational environment. Conclusions Results show that startups in the Republic of Croatia still have an opportunity to develop further and improve employee-focused culture and to apply several internal marketing activities in order to engage and retain their employees, such as internal communication, professional development, employee benefits, employee recognition and employee engagement.

스타트업의 성장을 위한 해외 주요국의 정책 비교 연구

Purpose: The main purpose of this study is to analyze policy cases in major overseas countries for the sustainable growth of startups from an ecological perspective and compare the results. In addition, through the results of this comparison and analysis, we seek to derive what the policy characteristics of major overseas countries have on the current status of startups and the ecosystem structure in Korea. By closely examining global policy cases and identifying various policy approaches, we hope that the results and implications of this study will contribute to ongoing efforts to foster a dynamic startup ecosystem for stakeholders who make up the corporate ecosystem, such as entrepreneurs and policy makers.
 Research design, data, and methodology: The UK, France, and Germany were seen as relatively suitable for comparison with Korea in terms of population and economic size. Additionally, Singapore and Estonia, despite their small domestic market size, exhibited high competitiveness in the growth of startups and the subsequent creation of unicorn companies. The selection of these countries as the subject of research was based on these considerations. Policy cases from each of these countries were explored, focusing on reports from government agencies, and these cases were analyzed based on common standards to derive commonalities and differences.
 Results: The results of this study can be characterized in three categories. First, concerning the growth of a company, what they have in common is that they are divided into stages according to the growth cycle and focus on customized support needed at that stage. Second, in the cooperation and network category, a common feature is building a collaborative ecosystem through domestic and international partnerships. Additionally, small countries in terms of population and economy emphasize the importance of international cooperation and resource utilization, while large countries tend to emphasize the integration of domestic entrepreneurial capabilities and resources and the synergy effects to strengthen the startup ecosystem. Third, in the institutional environment and infrastructure category, it is characterized by a focus on actively attracting overseas talent and supporting research, as well as ensuring that related support is based on local infrastructure or embedded in the local ecosystem.
 Implications: The implication of this study is, first of all, that there is a need for the scope of policy support related to the startup ecosystem to be evenly distributed regionally. Additionally, the composition of the network in the startup ecosystem must be accompanied by horizontal changes based on the company’s growth cycle. Furthermore, there is an expansion in the diversity of members participating in the startup ecosystem. This means that emphasizing both quantitative and qualitative diversity can enable startups to promote growth based on inclusivity and creativity while dealing with the risks and challenges of complex business activities to which they are relatively frequently exposed.

Developing Customer-Based Education Strategic Guidelines for Promoting a Software Product

In the Software as a Service (SaaS) startup landscape, effective user education is a critical factor for driving product adoption and ensuring customer satisfaction, both of which are essential for the successful promotion of software products. Traditional methods such as lengthy manuals and eBooks often prove frustrating to users due to their time-consuming nature. This paper addresses the pressing issue of user education in the SaaS industry and proposes customer-centric education guidelines based on a maturity model. These guidelines aim to advance and scale up the learning process, offering a more efficient approach to promoting SaaS products. In our study, we applied these guidelines within an Edtech company, leading to significant improvements in product adoption, user satisfaction, and cost-efficiency. Our findings underscore the necessity for founders and stakeholders in the SaaS sector to prioritize customer training. This research sheds light on the potential benefits of adopting innovative and user-friendly education strategies, ultimately contributing to the growth and success of SaaS startups.

The Effect of Leadership Styles on the Growth of Fintech Start-Ups in Zambia

The purpose of this study is to determine the relationship between the leadership styles of leaders of financial technology (Fintech) start-ups and firm growth. A quantitative design employing a cross-sectional survey with the use of a Likert questionnaire was conducted on the leaders of top-performing Fintech firms in Zambia, as recognized by Tracxn in its May 2020 report. This study focuses on three leadership styles: transformational leadership, transactional leadership, and laissez-faire leadership. The most significant result is that transformational leadership is strongly associated with the growth of Fintech start-ups in Zambia, while transactional leadership plays a limited role. The association between laissez-faire leadership and firm growth is positive but weak. The research makes two main contributions to the literature in the field of Fintech. First, the findings can help researchers explain leadership styles that predict the growth of Fintech start-ups. Second, founders of Fintech firms will understand the most important leadership styles that can lead to the growth of start-ups. The limitations of this study relate to the sample size, the need to consider other readership styles, and the use of qualitative and longitudinal designs that would provide more insights and validation.

Exploring the Factors that Influence Pivoting in Student Startups: A Case Study of Entrepreneurship Student of SBM ITB Analysis

According to recent news sources and journals, the growth of start-ups in today's world is on the rise. The pandemic has played a significant role in this growth, with many people starting their own businesses after being laid off from their jobs (Casselman, 2021). In 2023, experts predict that there will be increased investment in social media, user-generated content, and entertainment for small businesses (Halperin, 2023). Alternative funding sources are also becoming more common for small businesses as interest rates rise (Halperin, 2023). The design acts as the research project's "blueprint," connecting the design, data collecting, and analytic activities to the research questions and guaranteeing that the entire study agenda will be covered. Based on the tentative coding analysis that has been done above to answer the question "what encourages you to pivot?", that have been analyzed into selective coding, it can be seen that their reason is because their own ability to build a business is still not that enhanced. This conclusion could be argued because there are severals variable that are supporting the conclusion. For example the informant said that the lack of proper planning, difficult process to execute, and the customer is not interested in the idea offered are the reason that prompting the pivoting phenomenon. Based on the results of the research conducted, it can be seen that as many as 17 out of 20 student startups in the SBM ITB entrepreneurship department experienced pivoting. The majority of these student startups experience pivoting in their business model and business ideas, where the pivoting they experience is included in the types of pivoting discussed in the previous chapter such as technology, customer need, customer segment, channel, complete, and side project types.

СОВЕРШЕНСТВОВАНИЕ НАЛОГОВОГО АДМИНИСТРИРОВАНИЯ В УСЛОВИЯХ ЦИФРОВОЙ ЭКОНОМИКИ: ПРАВОВЫЕ АСПЕКТЫ

The dynamic development of information technology, which currently is taking place all over the world, is changing the existing conditions in the economy and public administration. Borders between countries have not been perceived as a barrier to information and financial flows for a long time, and the mobility of capital and the development of financial technologies have led to the fact that the minimization of taxpayers' obligations is increasingly taking place in the digital field. New virtual and hybrid business models are being created, the spread of digital goods and services is accompanied by the development of fraud in the field of electronic commerce, and the emergence of startups based on modern technological solutions leads to the invention of shadow digital assets. As a result, the behavior of not only consumers but also professional participants in the turnover, as well as government agencies, is changing.

Role Of Institution In Field Of Entrepreneurial Development

Role Of Institution In The Field Of Entrepreneurial Development Abstract:- Institutions play a crucial role in the field of entrepreneurial development by providing a supportive ecosystem for entrepreneurs to thrive and succeed. This abstract will highlight the key roles institutions play in fostering entrepreneurship. Entrepreneurial development institutions, such as business incubators, accelerators, universities, government agencies, and non-profit organizations, act as catalysts in the entrepreneurial ecosystem. They provide various resources, guidance, and support to aspiring entrepreneurs, startup companies, and small businesses. Firstly, institutions offer education and training programs to enhance entrepreneurial skills and knowledge. They provide workshops, courses, and mentoring opportunities to equip individuals with the necessary business acumen, management techniques, and industry-specific expertise. These educational initiatives help entrepreneurs understand market dynamics, develop viable business models, and improve their chances of success. Secondly, institutions facilitate access to funding and financial resources. They connect entrepreneurs with potential investors, venture capitalists, and angel investors who are willing to provide capital to fuel business growth. Institutions may also offer grants, loans, or equity-based financing options to support entrepreneurs in their early stages when traditional funding may be challenging to obtain. By bridging the financial gap, institutions help entrepreneurs turn their innovative ideas into viable business ventures. Furthermore, institutions provide networking and collaboration opportunities. They organize networking events, conferences, and forums where entrepreneurs can connect with like-minded individuals, industry experts, and potential business partners. These platforms enable entrepreneurs to exchange ideas, share experiences, and forge valuable partnerships that can contribute to their business success. Institutions also play a crucial role in facilitating access to markets. They provide entrepreneurs with market intelligence, research, and guidance on market entry strategies. Additionally, they help entrepreneurs navigate regulatory frameworks, intellectual property rights, and other legal aspects, reducing barriers to market entry and facilitating business growth. Moreover, institutions foster a culture of innovation and risk-taking. They create an environment that encourages entrepreneurship, celebrates entrepreneurial success, and provides support during setbacks. Institutions promote an entrepreneurial mindset by organizing competitions, awards, and recognition programs that motivate individuals to pursue entrepreneurial opportunities. In summary, institutions in the field of entrepreneurial development play a multifaceted role in supporting and nurturing entrepreneurial ventures. They provide education, training, funding, networking, market access, and a conducive environment for entrepreneurs to thrive. By offering comprehensive support, institutions contribute to the growth of innovative startups, job creation, economic development, and societal progress.

Relevance of the Doctrines of Natural Law, Human Rights and International Law to the Principle of Self-Determination

This century has heralded technological advancement in human history, particularly in Africa. The influx of technological advancement currently in play all over the world and the economic benefits that come with such advancement has necessitated the need for some regulations. Hence, stakeholders particularly, governments all over the world have made efforts to regulate and support investments in technology. These supports include laws, policies and other incentives that promote technology. Recently, the Nigerian National Assembly passed the Nigeria Start-up Act (NSA), 2022 to provide a regulatory framework for the development of start-ups as well as to provide an enabling environment for the establishment, development, growth and operation of start-ups and technology-related talents in Nigeria. The Act also seeks to position Nigeria’s start-ups ecosystem as a leading digital technology centre in Africa in terms of excellent innovators with exportable skills and capacity. It is projected that the NSA will immensely contribute to technological development for Nigerian start-up companies to compete with their counterparts at the regional and international scene. This article examines the nature of start-ups and the Nigeria Start-up Act, 2022. It further analyses the pre-enactment of the Start-up Act era in Nigeria, the emergence of the Start-up Act, the impacts the Start-up Act might have on technological development, the challenges of the Act as well as the general challenges faced by start-ups in Nigeria. The article argues that the NSA is a welcome and commendable effort for technological development and economic growth in Nigeria.

Nigeria Start-up Act 2022 as a Catalyst for Technological Development and Economic Growth in Nigeria

This century has heralded technological advancement in human history, particularly in Africa. The influx of technological advancement currently in play all over the world and the economic benefits that come with such advancement has necessitated the need for some regulations. Hence, stakeholders particularly, governments all over the world have made efforts to regulate and support investments in technology. These supports include laws, policies and other incentives that promote technology. Recently, the Nigerian National Assembly passed the Nigeria Start-up Act (NSA), 2022 to provide a regulatory framework for the development of start-ups as well as to provide an enabling environment for the establishment, development, growth and operation of start-ups and technology-related talents in Nigeria. The Act also seeks to position Nigeria’s start-ups ecosystem as a leading digital technology centre in Africa in terms of excellent innovators with exportable skills and capacity. It is projected that the NSA will immensely contribute to technological development for Nigerian start-up companies to compete with their counterparts at the regional and international scene. This article examines the nature of start-ups and the Nigeria Start-up Act, 2022. It further analyses the pre-enactment of the Start-up Act era in Nigeria, the emergence of the Start-up Act, the impacts the Start-up Act might have on technological development, the challenges of the Act as well as the general challenges faced by start-ups in Nigeria. The article argues that the NSA is a welcome and commendable effort for technological development and economic growth in Nigeria.

The Mediating Role of Resource Availability and Allocation in Strengthening the Relationship of Change Strategies in the Growth and Development of Entrepreneurial Projects after Covid 19

With limited contemporary examinations investigating interactions between change management strategies and startups and entrepreneurial ventures’ growth and development, judgements are bound to be clouded. As a result, the study’s main objective is to identify the key challenges faced by startups and entrepreneurial ventures in response to the post-pandemic business landscape. The study is important for providing valuable insights into successful change management practices, offering practical recommendations for business leaders, and contributing to the understanding of post-pandemic resilience and adaptation in the region’s entrepreneurial ecosystem. The study formulated 8 hypotheses linking digital transformation, customer-centric, financial restructuring and resource optimization, and resource availability and allocation change management approaches with the growth and development of startups and entrepreneurial ventures. A quantitative method involving a Structural Equation Modelling approach was applied to 326 clustered survey responses collected from CEOs, general managers, finance managers, human resources managers, change management leaders and employees and team members of start-ups and entrepreneurial ventures in Erbil, Kurdistan Region of Iraq. According to the findings, digital transformation significantly enhances resource availability and allocation, and growth and development. While customer-centricity may not directly affect resource availability and allocation post-Covid-19, the study concludes that a customer-centric mindset and strategy remain critical to business resilience. Most importantly, financial restructuring and resource optimization positively and significantly affect resource availability and allocation, as well as growth and development. Lastly, the study upholds that resource availability and allocation’s mediating effects are not valid within the context of startups and entrepreneurial ventures in the post-pandemic business landscape.

Revolutionizing Indonesia's financial landscape: The impact of information technology on the growth of financial technology start-ups

The revolutionary development of information technology has affected all aspects of human life, including finance, and has played a pivotal role in transforming financial transactions and creating new opportunities. This study aims to identify the revolutionary impact of information technology on the financial sector, especially in encouraging the birth of financial technology start-ups. The study was conducted qualitatively by collecting data from various relevant sources. The results of the study show that information technology has changed the way financial transactions are conducted, enabled the adoption of new financial innovations, and created new opportunities for financial technology start-ups in Indonesia. The increased accessibility, efficiency, and security provided by information technology have accelerated the growth of financial technology start-ups in Indonesia. The implication of this study is the need for support from the government and other stakeholders in creating a conducive environment for the growth of the financial technology sector in Indonesia.

THE RELATIONSHIP BETWEEN THE ENTREPRENEURS’ SOCIAL CAPITAL AND NEW VENTURE GROWTH

Entrepreneurial activities can stimulate the vitality of the market economy, promote the flow of production factors and the adjustment of industrial structure, and play an important role in the economic and social development of a country or region. However, the social capital of the entrepreneur is very important for the new venture to break through the congenital defect and industry barrier and get the chance of growth. 
 The quantity and quality of social capital owned by entrepreneurs can promote the growth of start-ups, and it can also promote the growth of enterprises after improving the effect of identifying growth opportunities. This paper focuses on the relationship between the social capital of entrepreneurs and the growth of New Ventures and analyzes the relationship between the social capital of entrepreneurs, the recognition of growth opportunities, and the growth of new ventures with the growth opportunity as the intermediary variable, this paper analyzes the mechanism of the influence of entrepreneur social capital on the growth of new ventures, and constructs the theoretical model of “Entrepreneur social capital-recognition of growth opportunity-growth of new ventures”, this study considers the moderating effect of business environment dynamics on Growth Opportunity Identification and start-up growth. Through the test, we draw the following conclusions: first, the social capital of entrepreneurs has a positive impact on the growth of new ventures; second, the social capital of entrepreneurs has a positive impact on the identification of growth opportunities; Third, the growth opportunity recognition plays an intermediary role in the entrepreneur social capital to the new venture growth; fourth, the dynamic business environment plays a moderating role in the growth opportunity recognition and the new venture growth.

Analysis of Start-Up Share Valuation on the Indonesia Stock Exchange for the 2017-2022 Period Using the DFC GMV and Tobins'q Methods

The phenomenon of the proliferation of startup companies in Indonesia that cannot be separated from the use of digital technology brings a fragrant aroma to venture capital investment companies. The number of startup companies that received the investment funds are bringing them to the Indonesian Stock Exchange by conducting an IPO even though the company has not been established for a long time. There is a correlation between the rapid growth of startups in Indonesia with "bubble.com" the phenomenon that occurred in Silicon Valley between the years 1999 and 2000. The surge in assets of startup companies is currently caused by stock valuation, which is based on a single valuation, without assessing assets, cash flows, or other aspects that affect the valuation value of a company. Recently, the stock price of startup companies began to fall, and is considered the same as the phenomenon "bubble.com" another indication is that there are mass layoffs of company employees; this condition also occurs in Silicon Valley. In this case, it is necessary to conduct an intrinsic assessment of startup shares empirically and in accordance with applicable valuation standards to see the condition of the company as a whole. The valuation methods used in this study are Gross Merchandise Value, Discounted Cash Flow and Tobins'q, it is expected that these three methods can represent the valuation analysis of the company so that investors know the intrinsic value of startup companies and are expected not to be Overvalued.

Accelerating growth of businesses through networking services, incubation infrastructure and management mentoring: A perspective of startups in Kenya

Worldwide, startup businesses are essential for any country's economic development. Despite the rapid growth of start-ups, their likelihood of success and viability remain low. This trend is more observed in developing countries due to the low uptake of business incubation services such as Kenya. The aim of the current study was to determine the effect of networking services, physical incubation, and management mentoring on the growth of start-ups in Kenya. The study was based on the social network theory, the theory of the firm, the stochastic theory and the trait theory of entrepreneurship. A cross-sectional research design was used. A sample size of 227 respondents was selected from a total population of 567 respondents using proportionate stratified and simple random sampling techniques. Primary data was collected using a structured questionnaire. The data was analyzed with multiple linear regression with the help of SPSS. The finding of the study indicated that there was a positive and significant effect between networking services, physical incubation infrastructure and management mentoring and growth of startups. The study suggests that startups should join associations like the Associations of Startups and SME Enablers of Kenya and the Association of Countrywide Innovation Hubs to access incubation infrastructure. This will allow access to investor networks, civil society programs, and government agencies, accelerating business growth. Additionally, business incubators can partner with universities for specialized research in areas like health, agriculture, and climate change through the triple helix model.

The Influence of University Business Incubators on their Associated University Startups

In recent years, academic entrepreneurship has become a popular topic among universities aiming to promote innovation and entrepreneurship among their students and faculty. University business incubators have been established to support the growth and development of startups founded by university members.

FEATURES OF VALUATION OF STARTUP PROJECTS IN ENTREPRENEURIAL ACTIVITY

Startup valuation, an intricate endeavor due to the unique characteristics of these entities, presents distinct challenges when compared to the valuation of well-established companies. This article examines the complexities inherent in valuing startups, shedding light on the absence of historical data, heightened levels of risk associated with startups and their dynamic environments, the inherent uncertainty in forecasting future development, and the pronounced influence of intangible assets on the overall business valuation. In addressing the valuation of startups, several methods are explored, each with its advantages and limitations. The scenario-based approach, encompassing a range of potential outcomes from successful to failure scenarios, provides a comprehensive assessment of startup value. Additionally, the venture capital method, relying on expected company value at the investor’s exit point, enables valuation without the need for exhaustive cash flow forecasting. These methods take into account the unique dynamics of startup growth and risk. Furthermore, the article stresses the significance of meticulous market analysis, rigorous evaluation of company potential, examination of industry-specific data, and careful consideration of tax incentives. These factors are crucial for a thorough understanding of the startup’s financial health and future trajectory, which directly impacts its value. To achieve a more objective and accurate valuation, it is recommended to employ a combination of valuation methods, considering the startup’s stage of development and specific characteristics. Diverse data sources, including empirical studies and industry benchmarks, can enhance the accuracy of estimates. In conclusion, the article asserts the importance of advancing startup valuation methodologies. Drawing from international experience and conducting in-depth research in specific areas can lead to improved precision, enhanced objectivity, and reduced risks of errors in the valuation process. By refining the valuation techniques, stakeholders can make more informed investment decisions and contribute to the growth of the vibrant startup ecosystem.