Growth Of New Businesses Research Articles

How higher education institutions may catalyse regional innovation ecosystems: The case of polytechnics in Portugal

This article explores the crucial role of higher education institutions in catalysing regional innovation ecosystems. In particular, it aims to study how polytechnics in Portugal have been involved in this process. The research utilizes an exploratory and reflective case study approach to present real-world evidence of collaborative efforts within innovation networks that involve both businesses and the social economy. Thus, the study raises awareness of collaborative innovation and entrepreneurship networks, emphasizing genuine interactive learning and knowledge exchange. Polytechnic institutions can enhance regional competitiveness by providing education and training for future entrepreneurs and highly skilled professionals, as well as offering technological and managerial solutions that drive value creation and the emergence of new businesses and markets, potentially even on an international level. The study also emphasizes the fourth mission of higher education institutions, particularly polytechnic institutes, focusing on empowering communities through social innovation projects for sustainable local and regional development.

Risk reduction effects of introducing an automated painting process

As a consequence of the expansion of occupations, the emergence of new businesses and new forms of occupation, the risks to workers have increased. The world of work, the modern manufacturing industry, is full of dangers and hazards in the form of accidents at work and occupational diseases. The boom in production and the economy, combined with ever-increasing expectations of work, has led to an increase in the number of accidents at work, including occupational diseases and fatalities. Lack of knowledge of the pathogenic factors and lack of technical or personal protection are still the main reasons for the occurrence and emergence of cases of increased exposure. In the case of work with certain hazardous substances, mandatory biological monitoring is often not carried out, although early detection of cases and appropriate measures by the employer could lead to a reduction or elimination of exposure. Our work has investigated the health effects of workers exposed to chemical agents and the options for removing workers exposed to these agents from hazardous work environments. Our aim is to investigate the health effects of chemical agents on humans and the possibilities of their induction in order to reduce or provide optimal conditions for safe and healthy working. During the study, particular attention was paid to the investigation of substitutes and the possibility of automation.

COVID-19 Pandemic and Household Entrepreneurship in Nigeria: Do Crises Create Necessity-driven and/or Innovative Entrepreneurship?

The need for promoting entrepreneurship stems from the efforts to provide long-lasting solutions to the challenges of poverty and unemployment. This becomes even more crucial in worldwide crises such as the COVID-19 pandemic. The COVID-19 pandemic has not only had a momentous effect on businesses and economies but has also driven us to recognize the importance of entrepreneurship. This study explores the combination of important entrepreneurial and household factors that drive the growth of new businesses during and after the crisis. This study applies the Round 2 data from the Nigeria National Longitudinal Phone Survey Phase 2 conducted by the National Bureau of Statistics in collaboration with the World Bank between November 2021 and August 2022. The logistic regression model analyzes how job loss due to the pandemic correlates with the probability of household heads starting and operating an enterprise immediately after the pandemic and the probability for the existing household entrepreneurs to innovate. The findings show that necessity-driven entrepreneurship became effective immediately after the COVID-19 pandemic in Nigeria, and innovation and opportunity recognition were more relevant as success factors during periods of crisis than during regular times. This is because the crisis produced a new set of highly competitive and strategic entrepreneurs that quickly adapted to new situations or conditions through their innovative capacity. Several policy recommendations derived from the study’s empirical findings are discussed in the conclusion section of the article. JEL Classification I1, D1, L26, F44, C35, N97

THE SECRETS OF UNICORN COMPANIES: AN EMPIRICAL INVESTIGATION

Starting a new business is a challenging task, and many factors can affect the success or failure of the venture. One such factor is the field of activity in which the business operates. Some industries are more competitive than others, and some have more significant barriers to entry. This article aims to explore the influence of the field of activity on the survival and growth of new businesses. The startup ecosystem has been on the rise in recent years, with the emergence of several unicorns, or startups valued at over $1 billion. This has led to increased interest in entrepreneurship and the potential for significant financial returns. However, the reality is that most startups do not become unicorns, and many do not survive beyond a few years. The field of activity in which a startup operates can significantly influence its survival and growth prospects. Several studies have explored the influence of the field of activity on the survival and growth of new businesses. These studies have found that factors such as competition, regulatory compliance, access to financing, and availability of talent can significantly influence a startup’s chances of survival and growth. For example, industries with high levels of competition and technological intensity have been found to have lower rates of new firm survival and growth (Carrie, et al., 2002). This study investigates a possible correlation between several statistical dimensions of unicorn start-up companies in the world. For this purpose, we will use descriptive as well as inferential statistical methods such as presenting the main parameters of the numerical variables, some graphical representations; we will also employ a nonparametric correlation analysis. We consider that there is a possible correlation between the date the companies were set up, their field of activity, country of origin and their valuation respectively. Our study confirmed four research hypotheses, as follows: there is a correlation between the date the unicorn start-up companies were set up and their valuation, their valuation and their field of activity, the field of activity is in statistical association with the companies country of origin and the field of activity is influenced by the date the companies were set up. We will conclude by discussing the implications of these findings for entrepreneurs, policymakers, and investors, and provide recommendations for improving the survival and growth prospects of new businesses.

Ketenagakerjaan yang Berdampak terhadap Umkm Masyarakat


 The aim of this article is to gain an understanding of the issues surrounding the impact of the public sector on the lives of ordinary Malaysians. One of the potential answers to the labor crisis in Indonesia is the emergence of micro and small enterprises, or UMNT. Modern governments struggle with problems of chemistry, inequality and income distribution. Governments in many countries face the difficult problem of providing adequate employment opportunities for their citizens. The responsibility for rectifying the situation rests squarely on us; if we can design other work areas, the demand for such space will be slightly reduced, and the level of competition between businesses will also be reduced. Unemployment also includes a sociocultural dimension. The depth of one's mental and spiritual outlook is closely related to eating disorders. One of the potential solutions to the problem of poverty and the response that has hit the Indonesian nation is the proliferation of small and medium enterprises (MSMEs) and the resulting contributions through entrepreneurship. The government also plays an important role in encouraging the growth of new businesses and MSMEs through various support programs that make it easier for new businesses and MSMEs to get up and running.
 Keywords: Employment, MSMEs, Society

Development, Application, And Regulation of Web3.0

This paper explores the development, applications, and regulatory issues of Web3.0 as the next generation of internet technology. Web3.0 is based on technologies such as distributed computing, blockchain, artificial intelligence, and smart contracts, and it features decentralization, intelligence, and high security. This paper introduces the development, characteristics, technical architecture, and key technologies of Web3.0, as well as its applications and future development trends in areas such as digital currencies, decentralized finance, supply chain management, and digital identity. However, the decentralized nature of Web3.0 increases regulatory challenges, and the emergence of new businesses like digital currencies and smart contracts also poses challenges to traditional regulatory institutions. Therefore, this paper discusses the regulatory status and challenges of Web3.0 and proposes solutions. The aim of this paper is to provide references and insights for the research and application of Web3.0.

EKOSISTEM KEWIRAUSAHAAN DAN KEWIRAUSAHAAN SOSIAL : SEBUAH PENELUSURAN LITERATUR UNTUK MEMAHAMI PERBEDAAN DAN PERSAMAAN KONSEP

The concept of entrepreneurial ecosystem has an impact on social enterprises carried out by their actors, on the other hand, social entrepreneurs also influence the performance of the entrepreneurial ecosystem, encouraging the growth of new businesses that will also indirectly grow the entrepreneurial ecosystem in a region. This research focuses on seeing how the ecosystems of entrepreneurship and entrepreneurship complement each other or perhaps weaken each other. The entrepreneurial ecosystem has an important role in the development of social entrepreneurship, and vice versa, that social entrepreneurship can influence the development of an entrepreneurial ecosystem. The concept of the entrepreneurial ecosystem and social entrepreneurship has a positive feedback effect, strengthening each other, but not affecting each other linearly. Research opportunities regarding the ecosystem of entrepreneurship and social entrepreneurship are the development of methodologies to analyze a system more comprehensively. Qualitative methods in our opinion are suitable to be used to look at various relationships in a system such as this entrepreneurial ecosystem. Data and information obtained from qualitative techniques make it easier for researchers to understand the diverse characteristics of an entrepreneurial ecosystem, understanding the various dynamics that occur within them. Despite the differences, in principle, these two concepts appear to contribute positively to economic development and improve the welfare of the community .

Unicorn Start-ups in India: A Brief Study

Unprecedented levels of innovation and disruption are taking place today, fuelled by the explosion of start-up businesses that are ready to take on the world with ground-breaking goods, business strategies, and funding. India became the global "software centre" around the turn of the century. It sparked a technological revolution that led to several Indian start-ups developing cutting-edge technology. These start-ups quickly developed into Unicorns in several cases. In terms of the number of unicorns, India is currently third, only after the USA and China. A confluence of factors, such as its enormous market, growing economic position, shifting consumer preferences, and technological capabilities, shapes hyperlocal inventions that are also computationally efficient. We shall briefly explore the "unicorn revolution", the growth of new businesses in India, contribution in employment and GDP of India by Unicorns and the initiatives taken by government for start-ups in this paper.

Perception of Cryptocurrencies by Slovak Consumers

Technological progress is the driving force behind significant changes in the world economy. Even money, monetary aggregates, payment systems and the exchange of goods and services did not avoid these changes. The rapid expansion of internet commerce and mobile technologies, advances in encryption and network computing, and the emergence of new business and communication platforms have also fuelled the emergence and development of digital currencies and cryptocurrencies. Cryptocurrencies, such as Bitcoin, Ethereum and others, have seen an increase in popularity in recent years and have become an important part of the world’s economic system. This “cryptocurrency” trend is not avoided in Slovakia either, and it is becoming part of the financial and investment portfolio of many consumers. From a civic point of view, cryptocurrencies have become interesting not only for investment enthusiasts and technology gurus, but also for ordinary consumers. The aim of the paper is to examine and analyse significant differences in the perception of the level of awareness of cryptocurrencies depending on the age and gender of the surveyed respondents. To achieve this, we conducted a thorough analysis and used a combination of quantitative and qualitative methods. The paper provides a detailed look at the relationships between age, gender and perceptions of cryptocurrencies and assesses how these factors influence individuals’ attitudes towards this new development in finance. The paper seeks to provide a deeper insight into these relationships and assess how these factors influence individuals’ attitudes towards this new form of finance. The results of the presented paper can contribute to a better understanding of the relationship between age, gender and the perception of cryptocurrencies, thereby providing useful insights for further research and practical applications in the field of finance and digital activities.

Residents’ perceptions of the need and potential for rural renewal in two farming-dependent counties

Many rural counties in the U.S. are struggling, particularly farming-dependent counties experiencing persistent poverty. This Rapid Rural Appraisal study focused on two farming-dependent counties in rural Oklahoma experiencing persistent poverty, population declines, and related stressors. In a series of open forums, rural community members most frequently referenced built capital (i.e., infrastructure) as the major reason that prevented the growth of new businesses and suppressed pride in the community. In comparison, community members expressed their greatest accomplishments and sources of hope involved human capital, in the way of the school systems, teachers, and students, and social capital, in the way of their athletic teams, churches, and relationships with each other. Although these counties rely heavily on agriculture as a major contributor to their economy, residents expressed challenges and concerns related to high concentrations of nitrate in the drinking water and seasonal air pollution related to agricultural processing facilities. Recommendations include encouraging residents in these two counties to rally together around their perceived strengths – human and social capital – to actively solve the problems identified during the open forums.

Faktor-Faktor Penentu Pariwisata yang Mempengaruhi Pertumbuhan Ekonomi: Tinjauan Sistematis

The tourism sector is one of the development sectors that affect economic growth. Where this tourism activity can create a multiplier effect for the community, especially around tourist destinations, in the form of economic activities, such as the emergence of new businesses, trade and other business activities. This systematic review aims to determine the determinants of tourism demand that affect regional and national economic growth. This review is methodologically limited to descriptive methods rather than statistical methods in the analysis of results by carrying out 3 stages of analysis. The data used are 40 journals. The results of this systematic review show that the tourism factors that affect economic growth are the number of tourist visits, income, networks and attractions, the amount of government spending in the tourism sector, capital investment, the number of workers, the number of restaurants/restaurants, and the availability of the number of hotel rooms. and quality of infrastructure

Assessing the Relationship between Entrepreneurship and Economic Development in the MENA Region: An Empirical Investigation

Purpose: Entrepreneurship has come to be considered as one key to the economic development of countries. Our work assesses the connection between entrepreneurship and the economic development of nine MENA economies for 2006-2018. We aim to shed additional light on the role of entrepreneurship in affecting the economy of the Middle East and African countries, hence, relates some policy and managerial implications with the results. Design/methodology/approach: Two different indicators of entrepreneurship are used; self-employment rates and the number of new business formations. The study employed four control variables: human capital, the money supply, governance quality, and foreign direct investment. We use an econometric analysis based on panel data with fixed and random effects methodology (for every year) to test the feed-back effects between entrepreneurship, economic development, and other control variables in the MENA region. Findings: Our empirical analysis suggests that the effectiveness of entrepreneurship in generating economic development in the MENA region is not related to the number of self-employed but to the creative and imitative entry of existing businesses into new markets. On the other hand, the growth of new businesses is insufficient to spur the economy unless good governance quality manages entrepreneurship in the region. Originality/value: This research adds to the literature in two ways: first, we provide new insights into the effect of two types of entrepreneurship (self-employment rate/new business formation) on economic development in the MENA region. Secondly, our research innovates in the selection of control variables to investigate factors that relate entrepreneurship to economic development. Additionally, the novelty of this paper is to analyze the relationship between entrepreneurship and economic development in the MENA region for a new period and new combinations of intermediates variables.

Creating Favorable Local Context for Entrepreneurship: The Importance of Sustainable Urban Development in Florianópolis, SC, Brazil

Entrepreneurship ecosystems are dynamic local, social, institutional, and cultural processes and actors that encourage and enhance the formation and growth of new businesses. Thus, this study aims to analyze the importance of sustainable urban development in creating favorable urban conditions in the formation of an entrepreneurial ecosystem. Therefore, a qualitative and exploratory study was carried out, operationalized through a case study. The case of the city of Florianópolis (Santa Catarina State, southern Brazil) was studied in depth; it was intentionally selected considering that it has stood out in terms of investments in innovation, technology, and sustainability, in addition to being a reference for quality of life and for its innovation and entrepreneurial ecosystem. It was possible to know the characteristics of the municipality and the main management practices for sustainable urban development developed in Florianópolis. Above all, among the main findings of this study, from the point of view of urban management, we found that the characteristics present in Florianópolis, as a sustainable city, can benefit the development of an entrepreneurial ecosystem. In this way, by investing in management practices for sustainable urban development, the municipality promotes business growth, new technologies, and entrepreneurship, making the territory more attractive to new investments and talent retention. It was possible to find evidence of urban conditions resulting from these practices capable of favoring the creation of an entrepreneurial ecosystem, among which, the following stand out: (1) social integration and articulation between the actors; (2) high quality of life; (3) capital with the highest human development index in the country; (4) a high rate of green areas; (5) enabling legislation for investments; (6) a city where companies open faster in Brazil and 100% digitally. Among this study’s limitations, the complexity of the analyzed phenomenon and amplitude of the context stand out. In addition, the case study method does not allow for a generalization of the results, as they are related to the case of Florianópolis. Despite this, the research presents a large amount of evidence confirming the theoretical assumption of the study, which is: Sustainable urban development creates favorable conditions for the promotion of an entrepreneurial ecosystem in the city of Florianópolis.

Penerapan Algoritma Iterative Dichotomiser 3 (ID3) Dalam Penentuan Penerima Program Bantuan Dana UMKM Kabupaten Labuhanbatu

Micro, small and medium enterprises (MSMEs) play an important role in economic development because of the relatively high level of labor absorption and small capital requirements for investment. The low level of investment and the low growth of new businesses in Indonesia need serious attention in the future in order to develop Micro, Small and Medium Enterprises (MSMEs) towards highly competitive businesses. Seeing this, researchers are interested in conducting research by applying the Interative Dichotomiser 3 (ID3) Algorithm method to determine the receipt of MSME funding assistance in an application of this algorithm.

Designing Run-time Evolution for Dependable and Resilient Cyber-Physical Systems Using Digital Twins

The proliferation of Smart Cyber-Physical Systems (SCPS) is increasingly blurring the boundaries between physical and virtual entities. This trend is revolutionizing multiple application domains along the whole human activity spectrum, while pushing the growth of new businesses and innovations such as smart manufacturing, cities and transportation systems, as well as personalized healthcare. Technological advances in the Internet of Things, Big Data, Cloud Computing and Artificial Intelligence have effected tremendous progress toward the autonomic control of SCPS operations. However, the inherently dynamic nature of physical environments challenges SCPS’ ability to perform adequate control actions over managed physical assets in myriad of contexts. From a design perspective, this issue is related to the system states of operation that cannot be predicted entirely at design time, and the consequential need to define adequate capabilities for run-time self-adaptation and self-evolution. Nevertheless, adaptation and evolution actions must be assessed before realizing them in the managed system in order to ensure resiliency while minimizing the risks. Therefore, the design of SCPS must address not only dependable autonomy but also operational resiliency. In light of this, the contribution of this paper is threefold. First, we propose a reference architecture for designing dependable and resilient SCPS that integrates concepts from the research areas of Digital Twin, Adaptive Control and Autonomic Computing. Second, we propose a model identification mechanism for guiding self-evolution, based on continuous experimentation, evolutionary optimization and dynamic simulation, as the architecture’s first major component for dependable autonomy. Third, we propose an adjustment mechanism for self-adaptation, based on gradient descent, as the architecture’s second major component, addressing operational resiliency. Our contributions aim to further advance the research of reliable self-adaptation and self-evolution mechanisms and their inclusion in the design of SCPS. Finally, we evaluate our contributions by implementing prototypes and showing their viability using real data from a case study in the domain of intelligent transportation systems.

Intelligent Cruise Guidance and Vehicle Resource Management With Deep Reinforcement Learning

The emergence of new business and technological models for urban-related transportation has revealed the need for transportation network companies (TNCs). Most research works on TNCs optimize the interests of drivers and passengers, and the operator assuming vehicle resources remain unchanged, but ignore the optimization of resource utilization and satisfaction from the perspective of flexible and controllable vehicle resources. In fact, the load of the scene is variable in time, which necessitates the flexible control of resources. Drivers wish to effectively utilize their vehicle resources to maximize profits. Passengers desire to spend minimum time waiting and the platform cares about the commission they can accrue from successful trips. In this article, we propose an adaptive intelligent cruise guidance and vehicle resource management model to balance vehicle resource utilization and request success rate, while improving platform revenue. We propose an advanced deep reinforcement learning (DRL) method to autonomously learn the statuses and guide the vehicles to hotspot areas where they can pick orders. We assume the number of online vehicles in the scene is flexible and the learning agent can autonomously change the number of online vehicles in the system according to the real-time load to improve effective vehicle resource utilization. An adaptive reward mechanism is enforced to control the importance of vehicle resource utilization and request success rate at decision steps. The simulation results and analysis reveal that our proposed DRL-based scheme balances vehicle resource utilization and request success rate at acceptable levels while improving the platform revenue, compared with other baseline algorithms.

Entrepreneurial Intention: Establishment of Startup Company in Pontianak

One of the ecosystems for the growth of new businesses or better known as startups is universities or colleges. This makes higher education a key role in economic growth in the millennial era. This research is attempted in order to investigate and explain the factors that act as a passage for the millennial generation to establish a new business entity. Highlights will be given to aspects of personal intention, the role of entrepreneurship education in educational institutions and, the role of families in the decision to establish a new business entity (startup). The main idea of research is an application of the "Theory of Planned Behavior" (TPB), which is a model that explains the intention / plan of behavior that is based on an action / decision taken by an individual. The research question regarding "whether the relationship between entrepreneurial education and entrepreneurial intentions is mediated by the cultivation of behavior" and whether "the relationship between family involvement and entrepreneurial intentions is mediated by the cultivation of behavior" have been accepted empirically. The cultivation of entrepreneurial behavior partially mediates (partial mediation) of the relationship between "entrepreneurial education" and "entrepreneurial intentions", or it can also be said that "entrepreneurial education" has been found to have both an indirect effect and direct effect through the cultivation of behavior. Meanwhile, the effect of "family involvement" on the birth of entrepreneurial intentions in encouraging the establishment of startups is fully mediated through the cultivation of entrepreneurial behavior.

ANALISIS DAMPAK PEMBANGUNAN JALAN TOL TRANS SUMATERA (JTTS) RUAS TERBANGGI BESAR-GUNUNG SUGIH TERHADAP USAHA RUMAH MAKAN DAN USAHA MIKRO KECIL MENENGAH (UMKM)

The JTTS development policy for the Terbanggi Besar-Gunung Sugih section had both positive and negative impacts. This research is aresearch mix method combining quantitative and qualitative. Respondents in the study were 30 restaurant and UMKM business actors selling souvenirs and vehicle repair shops, as well as 10 new business actors who emerged using purposive sampling technique. The results showed that the restaurant and UMKM sellers of souvenirs and vehicle repair shops experienced a significant decrease in income after the existence of JTTS. Meanwhile, the exit toll at Terbanggi Besar has experienced quite rapid growth in new businesses. Based on the statistical test (1) Development JTTS significant effect on the reduction in income the restaurant business and SMEs sellers of souvenirs and vehicle repair shop on the street Central Crossing Sumatra from exit toll roadTerbanggi Besar to exit the toll Mount Sugih with valuet for 8435 is greater than > 2,048 with an influence of 71.8%. (2) Development JTTS significant effect on the growth of new businesses are emerging withtvaluethe for 8222 is greater than> 2.306 with the effect of 89.4%. (3) Alternative policies for reducing the income of souvenirs-selling restaurants and SMEs as well as vehicle repair shops are: (a) The Government promotion by giving directions culinary region before the exit tollMount Sugih and exit motorwayGreat Terbanggi. (b) For the vehicle repair business, an alternative policy can be adopted for the convenience of obtaining people's business credit (KUR) through a number of banks. Meanwhile, an alternative policy for new business growth that has emerged is the use of exit the Terbanggi Besar toll roadto build a special location for selling.

Learn startup methodology: a paradigm to promote the growth of new businesses

Entrepreneurship is part of the continuous evolution of the economic sector, day by day ventures arise that have a great social and economic impact for the country, they are generators of employment. Startups face a dynamic environment, their permanence in the market depends on various factors which must be strengthened as part of their internal structure. The Learn Startup methodology allows innovative ideas to be launched by creating products and services under conditions of uncertainty.

Designing Run-time Evolution for Dependable and Resilient Cyber-Physical Systems Using Digital Twins

The proliferation of Smart Cyber-Physical Systems (SCPS) is increasingly blurring the boundaries between physical and virtual entities. This trend is revolutionizing multiple application domains along the whole human activity spectrum, while pushing the growth of new businesses and innovations such as smart manufacturing, cities and transportation systems, as well as personalized healthcare. Technological advances in the Internet of Things, Big Data, Cloud Computing and Artificial Intelligence have effected tremendous progress toward the autonomic control of SCPS operations. However, the inherently dynamic nature of physical environments challenges SCPS’ ability to perform adequate control actions over managed physical assets in myriad of contexts. From a design perspective, this issue is related to the system states of operation that cannot be predicted entirely at design time, and the consequential need to define adequate capabilities for run-time self-adaptation and self-evolution. Nevertheless, adaptation and evolution actions must be assessed before realizing them in the managed system in order to ensure resiliency while minimizing the risks. Therefore, the design of SCPS must address not only dependable autonomy but also operational resiliency. In light of this, the contribution of this paper is threefold. First, we propose a reference architecture for designing dependable and resilient SCPS that integrates concepts from the research areas of Digital Twin, Adaptive Control and Autonomic Computing. Second, we propose a model identification mechanism for guiding self-evolution, based on continuous experimentation, evolutionary optimization and dynamic simulation, as the architecture’s first major component for dependable autonomy. Third, we propose an adjustment mechanism for self-adaptation, based on gradient descent, as the architecture’s second major component, addressing operational resiliency. Our contributions aim to further advance the research of reliable self-adaptation and self-evolution mechanisms and their inclusion in the design of SCPS. Finally, we evaluate our contributions by implementing prototypes and showing their viability using real data from a case study in the domain of intelligent transportation systems.