Innovative Start-ups Research Articles

The Role of a Leader in Creating Business Success in the Example of a Start-up Organization

Purpose – The aim of the article is to identify the desired leadership competencies and behaviors that affect business success, with particular emphasis on innovative start-up organizations. Research method – The publication was created based on the analysis of the existing data. In addition, the quantitative research results (2020–2021) in Lublin Voivodeship were analyzed for the doctoral thesis. The focus was on the competencies and behaviors of start-up leaders/founders that influence success. A survey questionnaire was used in the study. Results – The most crucial task of a leader is to focus on employees, inspire them to carry out tasks according to the organization’s interests, and skillfully use their distinguishing features and competencies. Success in a start-up is possible when its leader/founder focuses on the decision-making process and relational capital and is convinced of the success of the assumed goals. Originality /value /implications /recommendations – The completed research are essential from the perspective of the further search for leadership competencies and behaviors that affect success in various types of organizations, with particular emphasis on modern business models. The use of appropriate competencies and behaviors by the leader/founder of a start-up guarantees: the transition to the next stage of the start-up’s development, increase in its value, increase in the strength of internal relations, implementation of the assumed social goals and deepening cooperation with external stakeholders.

Supporting Innovative Start-Up and Growing Businesses: Equity Finance Provision through the Pandemic: Interim Report

Supporting Innovative Start-Up and Growing Businesses: Equity Finance Provision through the Pandemic: Interim Report

Marketing Instruments for Commercialization of Innovative Startups at University

Marketing Instruments for Commercialization of Innovative Startups at University

Business Strategy to Improve Business Incubation Services for Science Techno Park

Science Techno Park is a facility in the form of an area specially prepared to initiate and flow knowledge and technology between R&D institutions, universities and industry. STP facilitates the growth and development of innovative start-ups through incubation activities and spin off processes. The main objective of STP is to encourage economic growth through the development of innovation potential. Science Techno Park was initiated in 2014 under PT Bogor Life Science and Technology (BLST) as a holding company owned by Bogor Agricultural University (IPB). This study aims to identify and improve the Science Techno Park business incubation services for inwall tenants and startup companies that are fostered based on the problems that occur and are expected to increase other income from the Science Techno Park business. The method used in this study uses primary data derived from quantitative and qualitative methods obtained from questionnaires and interviews with inwall tenants and startup companies that are undergoing the Science Techno Park business incubation program. Secondary data analysis uses company reports and literature from various sources. The conceptual framework used in this study begins with an analysis of customers of Science Techno Park business incubation service. Then analyze the external environment using general environmental analysis, industry analysis, and competitor analysis. For internal environmental analysis using resources, capabilities, and core competencies. All the results of the analysis are summarized in a SWOT analysis. From the results of the analysis, the researcher provides solutions and business strategies to solve problems experienced by Science Techno Park in fostering inwall tenants and startup companies and provide business alternatives to earn other income besides business incubation services. The strategy proposed based on research results is a strategy of business diversification and cost leadership. In addition, a functional strategy is provided to improve company performance in the area of marketing, finance, and internal management. The researcher provide implementation plans by mapping the potential users of business incubation services and the roadmap for the development of Science Techno Park to improve business incubation services and develop other business services.

Reward-based crowdfunding for building a valuable circular business model

Reward-based crowdfunding is a source of funds for innovative start-ups. However, prior literature paid little attention to how this phenomenon occurs when such micro-firms market products and services within the context of the so-called circular economy (CE) and for more sustainable innovation. We aim to explore the potential of reward-based crowdfunding in designing and orchestrating a circular business model for micro-firms. Drawing on this evidence, the present study performs a multiple case study analysis of selected best practices by sustainable projects funded on the Kickstarter platform. Results show that reward-based crowdfunding shapes circular business models (CBM) in informational mechanisms, collaborative innovation networks, and marketing aspects. Furthermore, reward-based crowdfunding reduces risks connected to the CBM, such as uncertainty and the long-range perspective for campaign creators and customers.

Механізми венчурного інвестування в стартапи

The article presents the research results of the mechanisms of startups venture capital investment. The role and significance of venture capital investment in the startup ecosystem and the innovation ecosystem in general are considered. The economic essence of the concept of venture investing is presented. In the process of research, the peculiarities of venture capital investment for startups were analyzed and a comparative characteristic of venture capital investment and classical investment was given. Mechanisms of financing and support of innovative startups at different stages of the life cycle are analyzed. The main and auxiliary success factors of startups by stages of the life cycle are described. The research examines models of venture capital investment in innovative enterprises. In particular, the following options were considered: the model of capital transfer (partial participation), the model of joint investment and the fund of funds model. For each model, the implementation mechanisms of investing in startups are described and described schematically. Key stakeholders and all stages of the investment process are listed. The models of joint investment in startups are described, in particular the model of a public-private venture capital fund and the model of joint investment in a private venture capital fund. The three selected models have many common elements, but differ from each other in terms of their dependence on specific contractual mechanisms, financing and access tools, and in some cases, exit mechanisms from the investment process. They also differ in terms of overall complexity, with the “fund of funds” model being more complex than the other two models. When considering specific models of the organization of venture funds, the work used the practices and experience of a number of jurisdictions, including Australia, Israel, Tunisia and Great Britain. Recipients in the implementation of any of the considered investment models should be startups, academic spin-offs, technological enterprises at an early stage of development, innovative enterprises that carry out technology transfer. Projects may involve the development of new products or technologies or the expansion of existing operations to commercial scale.

INNOVATIVE START-UP TRAINING PROGRAMME BASED ON GOOGLE APPS

Entrepreneurship is important for every economy as it encourages economic growth, self-employment and the creation of new jobs, as well as the development of innovations, all of which lead to social well-being. Entrepreneurship is a human activity of practical application of knowledge and skills with a high degree of manifestation of individual abilities. To succeed in establishing a new business entity, it is important to carry out specialized innovative start-up training aimed at preparing people who want to become entrepreneurs, including active entrepreneurs, and which is carried out in order to build their knowledge and skills necessary for starting and running a business. The mentioned programme can be implemented in a traditional way, through a software platform for innovative management, as well as through Google apps. This paper discusses the possibility of implementing an innovative start-up programme relying on Google apps, based on the practical realization of one such programme implemented by the authors working with the users of regional innovation start-up centers in Serbia.

ANALYSIS OF THE ROLE OF INNOVATIVE STARTUPS AND BUSINESS PROJECTS AS A FACTOR IN THE DEVELOPMENT OF THE COUNTRY IMAGE OF KAZAKHSTAN

Today, the development of the business environment in Kazakhstan has become one of the priorities. This article identifies the concept of business ecosystem and the factors that directly affect the development of its country image. A brief history of the formation of a new phenomenon, such as innovative startups and business projects. A strong and well-known national brand, beneficial to all stakeholders, including the private and public sectors, as well as to all government agencies, society and citizens. All these aspects play an important role in its creation and development. Everyone recognizes the need for a consistent approach and is ready to contribute to the development of national branding, but in fact, creating a functional model for its implementation is a difficult task. The article presents an analysis of studies on the role of startups and business projects in the development of the country's image and in the political economy. The article uses case studies that can be applied in the process of creating a positive image of the country.

The role of start-ups as knowledge brokers: a supply chain ecosystem perspective

PurposeExisting literature is limited in its ability to consider start-ups as a knowledge broker to trigger innovation in a supply chain ecosystem (SCE). In a traditional SCE, start-ups are relatively isolated, leading to structural holes that limit knowledge sharing among members. This paper aims to overcome that limitation and to build frameworks that help to illustrate the interaction between knowledge management and sharing, start-up innovation and an ecosystem from a supply chain perspective.Design/methodology/approachFollowing a qualitative approach, this study theorizes about the role of start-ups as knowledge brokers and the implications of knowledge management and sharing with members in an SCE concerning innovation. Conceptual analysis is used for examination, and this study uses a set of qualitative tactics to interpret and generate meaning from the existing literature.FindingsThis study develops two frameworks to provide insight into how start-ups can trigger innovation as knowledge brokers in an SCE. The first framework shows how start-ups, and their knowledge base, influence supply chain members and the overall ecosystem, highlighting the isolated function of start-ups and the issue of structural holes in a traditional SCE. The authors propose a model that illustrates how structural holes can be bridged within an SCE, thereby demonstrating how start-ups redefine the ecosystem architecture according to their knowledge broker position in the SCE.Originality/valueBy expanding insight into the concepts of how start-ups can trigger innovation as knowledge brokers in an SCE, this paper extends the so-far neglected area of start-ups and knowledge brokers. This study clarifies the conceptual and theoretical components and processes in an SCE and links the different roles of start-ups as knowledge brokers to the respective supply chain members to better understand the implications on the entire SCE.

Assessing the Italian Innovative Start-Ups Performance with a Composite Index

This paper aims to assess the profitability and employees’ productivity of Italian innovative start-ups with a new composite index: the Start-ups Performance score (SP-score). In recent years, the Italian government has made several efforts to foster the economy, establishment, and growth of start-ups. Specifically, the issuing of the Italian Start-up Act in 2012 offers a unique opportunity to examine the Italian setting, given the special conditions that the government granted to the start-ups. The latter obtain generic benefits, tax reductions and hiring facilitations if they meet specific criteria granting the status (label) of “innovative” by law. Based on a sample of Italian start-ups firms (ISPs) and financial statement data for the period 2016–2020, we test whether the performance of the Italian start-ups which are granted the status of “innovative” is higher compared to start-ups without the mentioned status (NISPs). We measure the firm’s performance by building a composite index which synthesizes both profitability and employees’ productivity (controlling for the firms’ size), and find that the ISPs report higher SP-score compared to the NISPs. In addition, we examine whether the SP-score is higher (or lower) among Innovative start-ups located in different regional areas. The derivation of the composite indicator (SP-score) allows a clear and effective evaluation of several characteristics, permitting a more comprehensive understanding of the data that support the strategic choices of management and localization entrepreneurship policies. In addition, our study highlights a certain homogeneity of innovative start-ups’ performance among the Italian territories, which overcomes the classic dualistic division between Northern and Southern regions.

In-Kindness Is the Best Medicine: Bringing Hands-On Learning to ANESTHESIOLOGY®

Article| December 2022 In-Kindness Is the Best Medicine: Bringing Hands-On Learning to ANESTHESIOLOGY® Susan Carlson, MSEd Susan Carlson, MSEd Search for other works by this author on: This Site PubMed Google Scholar ASA Monitor December 2022, Vol. 86, 37. https://doi.org/10.1097/01.ASM.0000904288.33534.ab Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn MailTo Cite Icon Cite Get Permissions Search Site Citation Susan Carlson; In-Kindness Is the Best Medicine: Bringing Hands-On Learning to ANESTHESIOLOGY®. ASA Monitor 2022; 86:37 doi: https://doi.org/10.1097/01.ASM.0000904288.33534.ab Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll PublicationsASA Monitor Search Advanced Search Topics: hand ANESTHESIOLOGY® 2022 was a rousing success. The rich and varied opportunities to learn, network, and share that make ASA's annual meeting so special were made possible, in part, by the corporate partners who support our efforts with in-kind donations. Interactive workshops are always a vital aspect of the robust learning that goes on at ANESTHESIOLOGY. Without in-kind donations, these meaningful hands-on experiences would not be possible. Forty-one companies donated equipment for use at ANESTHESIOLOGY 2022, which means hundreds of thousands of dollars were dedicated to packing, shipping, setting up, and staffing equipment to give attendees a unique opportunity to touch and manipulate a variety of machines, from large ultrasound equipment to smaller devices supplied by innovative startups. Each year, equipment ranging from needles, catheters, simulation equipment, and anesthesia machines to the bougies and defibrillators used at ANESTHESIOLOGY come to us as in-kind donations from corporate partners. The wide range... You do not currently have access to this content.

Financial performance and global start-ups: the impact of knowledge management practices

This paper investigates how knowledge management (KM) practices improve the financial performance of global start-ups (GSs). Using a database of 114 global innovative Italian start-ups, this study is based on the principal component analysis – data envelopment analysis (PCA-DEA) method. In particular, a survey was conducted to investigate KM practices and secondary data was used to evaluate financial performance. This research highlights that the adoption of different knowledge management practices (i.e., acquisition, documentation, creation, transfer and application) has a positive impact on the financial performance of global start-ups. The study contributes to the literature on international entrepreneurship, shedding light on the consequences of KM practices for global start-ups' financial performance, and provides guidelines for business owners, enabling them to understand better how knowledge management can facilitate the achievement of high levels of financial efficiency.

Necessity for the policy to reinforce the role of universities from innovative startup competitions at the innovative startup ecosystem in Vietnam

Universities have always been a place to grow and foster innovation, which often leads to the founding of startups and the introduction of innovative goods or services. One key contributor to this occurs in the form of innovative startup competitions on a university level. In this paper, we highlight the role of such university startup competitions in providing a favorable environment for students to participate in innovation activities and to organize contests of innovative startup ideas. We further categorize innovative startup competitions in Vietnam as a real-world example, and present the results of a local survey on university student participation in innovative startup competitions. Finally, we suggest various solutions as the necessary policy to strengthen the role of universities in the existing startup ecosystem.

Funding Options for Agricultural Start-Ups in India- Challenges and Opportunities

Startup India is a flagship initiative of the Government of India aimed at fostering innovation and building startups. In order to promote entrepreneurship, economic growth, and employment in India through this initiative, the Government intends to empower startup ventures. Global attention has been drawn to India's startup ecosystem. Innovation and scalable technology can enable start-ups to generate impactful solutions. Consequently, they serve as vehicles for economic and social development and transformation. Over the past two decades, the Indian start-up ecosystem has undergone a rapid evolution. In recent years, the business world has witnessed an explosion of ground-breaking start-ups providing solutions to the real problems at a mass level thanks to hundreds of innovative youngsters choosing to pursue entrepreneurship instead of joining multinational corporations and government ventures. Over the past decade, the Government of India has introduced a number of schemes aimed at promoting entrepreneurship and growing the economy. These programs have helped a large number of start-ups succeed. As a result of these schemes, the country will move forward and secure the strongest position in the world economy. At different stages of a start-up's development, there are different funding options. The Indian government implements numerous schemes to promote start-ups through a variety of funding options that are easily accessible to budding and existing entrepreneurs. It is encouraging to see India as a country with many opportunities, particularly in the agriculture sector, which lends itself to the development of start-ups and employment creation. A few challenges, funding options and opportunities that Indian start-ups have to face in our current eco-system are discussed in this paper.

Experimental Results for an Off-Road Vehicle Powered by a Modular Fuel Cell Systems Using an Innovative Startup Sequence

This article deals with implementing a rule-based control method and startup sequence of a hybrid electric vehicle powered by a modular fuel cell system as its primary energy source and a lithium-ion battery system as its secondary energy source. The modular fuel cell system is composed of two separate fuel cell systems, electrically coupled to a one-power converter, using a programmable device. Depending on the vehicle’s operating mode, either both systems are used or just one of them. The vehicle’s fuel efficiency is improved by operating at constant power in the peak efficiency range of each fuel cell system. The experimental results show that the proposed system can significantly improve the fuel economy of a fuel cell vehicle and extend the driving range, while avoiding start/stop cycles. Additionally, this solution can increase the fuel cells’ lifecycle.

Research on Innovation and Entrepreneurship Approach in Universities Based on Large Data

The development of computer technology has promoted the processing technology of large data, meanwhile, the upsurge of college students’ innovation and entrepreneurship has also been promoted. Therefore, it is very meaningful to study the way of innovation and entrepreneurship by using large data technology. Firstly, the research status and development trend of innovation entrepreneurship are analyzed. The development of large data is introduced, and then the coupling point of innovative entrepreneurship and Internet technology is analyzed, and the large data algorithm suitable for the research of innovative startups is designed. Finally, by using the distributed Blackboard Control algorithm in the large data technology, the innovation and entrepreneurship approach of university is analyzed. Through experimental analysis and verification, the proposed improved large data technology, compared to other algorithms, in some performance has a certain advantage.

Walking the startups journey in Kenya: Documentation of successes and pitfalls between 2010-2020

Kenya’s Startup ecosystem has experienced tremendous growth over the last ten years. Further, Kenya’s startups have also been among the top-funded in the continent during the same period – attracting financing of between USD 300 million – over USD 3 billion. However, there is currently a lack of granular data guiding policies on the startup ecosystem in Kenya. Hence this Paper traces startup successes and pitfalls of the Ten years (2010-2020) Period in Kenya. The study utilized cross-sectional and longitudinal research designs. The target population was start-ups registered in the 47 Counties in Kenya. A total of 104 startups participated in the study. A mix of sampling techniques was used, namely cluster-stage, systematic, purposive, and snow-balling sampling techniques, to select the respondents for the study. Data were analyzed using Content analysis descriptive statistics were used for data analysis. The findings indicated that startup innovation hubs emerged in Nairobi in 2010 but offer time, which spurred the mushrooming of startups, seats, and co-working spaces with decentralization to significant towns in the country. The Kenyan startup ecosystem has experienced tremendous growth for the last two decades, growing from 10% in the 2000-2010 to 80% in 2010-2020. However, access to financing remains the biggest challenge for startups because of the risk associated with it, especially for early-stage startups. To strengthen the growth of the startup ecosystem, the government, through the statement of Kenya National Innovation Agency, should ensure the development of policies tailored towards startups. The national government should provide matching funds and establish an Inter-county collaboration framework to ensure skills transfer within and among the counties.

Ekosistem SDM dan Inovasi Ekonomi Digital di Indonesia

The purpose of this study is to analyze the efforts to develop the HR and innovation ecosystem in the digital economy. The research method used is a qualitative analysis method with a litteature study approach. In general, the condition of human resources and digital economy innovation (startup) in Indonesia is still minimal. The lack of human resources makes national digital business actors "nudge" each other to compete for human resources, until finally "damaging" the wage standards of digital human resources themselves. An easier digital industry will certainly be easier to pay dearly for each competent individual. Meanwhile, small industries, which actually train their human resources more from the start, have to "bite their fingers". The portrait of the availability of human resources in the field is still lacking. Therefore, synergies and cointegration between various stakeholders need to be carried out. As a regulator and facilitator, the government must take the initiative to take strategic steps with other stakeholders to contribute positively to human resource development and innovation in the digital economy in Indonesia. One of them is through the implementation of the curriculum from vocational, vocational, and tertiary institutions and accelerated professional/skill certification to overcome the scarcity of human resources. As well as HR planning to support the digital era of entrepreneurship
 Keywords: HRD ecosystem, digital economy innovation, Indonesia

Caso Queremos! Desafios de uma startup na pandemia

Abstract Created in Rio de Janeiro in 2010, Queremos! came up with an innovative proposal to bring fans and artists together through a crowdfunding structure, which made it possible to perform shows in locations that normally would not be covered in the original tours. After repositioning the business model in 2013, the company abandoned the crowdfunding model that made it famous and focused on the production of live events. This enabled an expansion to the USA between 2013 and 2016 and gave the brand a strong presence in the main Brazilian capitals in the following years. However, after its best year in 2019, the company was surprised by the COVID-19 pandemic, which drastically affected the entertainment and live events sector in Brazil and worldwide. The case puts the readers in the role of the company’s partners in order to reflect on the strategic and operational challenges that Queremos! had to face from the prohibitions on live events due to the pandemic. The case is recommended for undergraduate and graduate students of administration and cultural production courses concerned with discussing topics and concepts related to the area of planning in times of uncertainty, risk analysis, management of changes, business modeling, and innovation in startups.

Does effectuation make innovative digital multi-sided platform startups? An investigation of entrepreneurial behavior in platform-based open innovation

PurposeThis research investigates the nature of regulatory-focused effectuation (as the basis of entrepreneurial behavior) in absorptive capacity development for open innovation implementation, the role of crowds or communities management practices in the effectuation-based open innovation process, and open innovation performance as the output of the open innovation process in digital multi-sided platform (MSP) startups context.Design/methodology/approachIn order to verify the hypothesis, the researcher conducts a quantitative study that is based on a self-administered questionnaire and employs the PLS-SEM approach. The sample comprises of 70 Indonesian digital MSP businesses that have been operational for at least three years and have used open innovation approaches with their audiences, communities or complementors.FindingsThe research findings imply that there is a connection between promotion-focused effectuation and the open innovation process. This connection is particularly strong when it comes to the incorporation of absorptive capacity and crowds or communities management practices. On the other hand, prevention-focused effectuation shows insignificant effect toward open innovation process in digital MSP startups context.Research limitations/implicationsThe research findings imply that with limited resources and experiences, young entrepreneurs can still implement open innovation strategy for their digital MSP platform through effectuation principles that leverage the external resources from digital platform ecosystem members.Practical implicationsIn digital MSP startups context that perform promotion-based effectuation principles, innovation performance can be achieved by analyzing new insight, transforming the existing activities with the new insight, creating new offering afterward, as well as strengthening crowds or communities management practices through co-creation activities with platform ecosystem members that may lead into new business model.Originality/valueThe originality of this work is to make a contribution to the literature on strategic entrepreneurship by describing the phenomena of the paradox of resource-based theory; adopting open innovation strategy under constrained initial resources and capabilities scenario.