Role Of Start-ups Research Articles

The role of startups in economic development (Algeria case study)

The role of startups in economic development (Algeria case study)

From Potential to Action: Strategies for Supporting Female Founders in the Pre-Start-Up Phase

In today’s global economy, the role of start-ups is recognized as crucial for a country's competitiveness. Creating a supportive entrepreneurial ecosystem is therefore essential to enable founders to realize their potential optimally. Notably, there is a significant gender disparity in start-ups, suggesting a vast untapped entrepreneurial potential among women. This research aims to enhance the utilization of female start-up potential by providing actionable recommendations, based on an empirical analysis of the pre-start-up process of (potential) female founders. Through a qualitative research methodology, this study investigates the factors influencing women's journey towards entrepreneurship, considering diverse biographies and life situations. Interviews with ten women showed the complexity of the pre-start-up phase and the necessity for a broad support system. The study identifies several key areas for action to foster female entrepreneurship. Firstly, increasing awareness and visibility of self-employment as a viable career path for women is crucial, requiring more female role models and media representation to challenge traditional gender roles and stereotypes. This could cultivate a natural inclination towards entrepreneurship and sectors with high start-up activity. Moreover, lessening the disproportionate burden of family responsibilities on women is essential, suggesting enhancements in childcare facilities and encouraging shared domestic duties. The research further suggests the implementation of support programs to reduce barriers and provide a realistic view of entrepreneurship, alongside the potential benefits of mentorship in both pre- and post-start-up phases. Women's risk-averse, cautious approach in the pre-start-up process often leads to hesitance in developing innovative projects. Encouraging a focus on market needs and early engagement with potential customers, alongside proactive network building, seeking co-founders, or outsourcing, can address knowledge gaps and reduce uncertainties, making self-employment a more attractive option. This study emphasizes the importance of a collaborative effort among various stakeholders in the entrepreneurial ecosystem to unlock the entrepreneurial potential among women.

Unleashing knowledge arbitrage potential: empowering startups through knowledge management

PurposeOrganizations increasingly use knowledge arbitrage to stimulate innovation and achieve competitive advantage. However, in knowledge management its use in startups is yet unexplored. This study aims to examine the utilization of knowledge arbitrage by startups, specifically during COVID-19.Design/methodology/approachThis study employed an open-ended essay methodology to explore the drivers and barriers that startups face in utilizing knowledge arbitrage. We collected data from 40 participants to understand the role of knowledge arbitrage in startups’ knowledge management practices.FindingsThis study’s findings highlight the significance of knowledge arbitrage for startups. The benefits identified include organizational benefits such as building networks, innovating new products and achieving competitive advantage and financial benefits such as cost reduction and sales growth. The study also identifies several technological and organizational drivers and barriers that startups confront during knowledge arbitrage.Originality/valueThis study contributes to the existing literature on knowledge management by extending our understanding of knowledge arbitrage’s role in startups. Additionally, it sheds light on the importance of knowledge arbitrage for startups and the challenges they face, particularly in a disrupted environment reared by COVID-19. The study provides insights for the scholars and practitioners interested in effective knowledge management in startups.

THE ROLE OF STARTUPS IN PROMOTING THE DEVELOPMENT OF SMART CITIES – DUBAI AS A MODEL

Objective: The objective of this study is to learn about the role of start-ups in promoting the development of the smart city of Dubai, since these companies are always seeking innovative solutions to the challenges facing cities and rely on the latest methods and software used, thus helping cities to achieve the indicators that guarantee them important rank among other smart cities. Theoretical Framework: In this study, the basic concepts of the variables of the study were addressed by identifying the concept of start-ups, their characteristics and their importance in general, as well as by highlighting the subject of smart cities by listing some definitions and mentioning their advantages and dimensions. To then link the two variables by clarifying the relationship between startups and smart cities. Method: The methodology adopted for this research includes a sample of the most important start-up companies in Dubai selected from STARTUPRANKING, and the services provided by each company and its area of operation have been identified. To then determine the impact of the services provided on any indicators on which cities rely to become smarter (smart governance, smart transport, smart energy, smart technology, smart infrastructure, smart health, smart buildings and intelligent populations). Through which the role of these companies in the development of smart cities is determined. Results and Discussion: The results obtained revealed that Start-ups promote the development of cities by contributing to the challenges facing cities, communities and individuals by: - Ensuring a clean environment and smart transport systems that help to facilitate the movement of citizens and tourists through the use of telephones and at the lowest cost; - Strengthening cyber security to protect digital systems from threats; - Developing programs and techniques used in the educational sector, and focusing on developing the capabilities of individuals to ensure optimal use of technology; - Finding energy and environmental solutions to ensure optimum use of available resources. Originality/Value: This study sheds light on the importance of modern technology-based start-ups in promoting the development of smart cities. Dubai has been chosen as a model for a leading and developing Arab city that ranks first globally compared to other smart cities, and can be used as a successful experiment. In addition, the importance of both start-ups and smart cities, which are the pillars for the economic development of countries, they rely on advanced technology and the swift provision of services, ultimately facilitating life and enhancing the standard of living for their citizens.

Mastering the Field: A Critical Analysis of 'Entrepreneurial Finance' by Leach and Melicher

About The Book Book Name: Entrepreneurial Finance, 7th Edition, 2020 Authors Name: J. Chris Leach, and Ronald W. Melicher, Publisher: Cengage Learning Publishing, Identifiers: ISBN 0357130731, 9780357130735 About The Authors J. Chris Leach is a distinguished academic and Professor at the Leeds School of Business, University of Colorado at Boulder. He is known for his exceptional teaching abilities, entrepreneurial background, and research in finance. Leach has received awards for teaching and has played an active role in startups since the 1970s. He is also a faculty advisor and mentor for the Deming Center Venture Fund. Ronald W. Melicher is a distinguished Professor of Finance at the same university. He is celebrated for his teaching abilities and has held key positions in the Finance Division. Ronald's expertise spans various finance topics and has taught at prestigious institutions globally. He is also recognized as an expert in financial management and firm valuation, offering consultancy services and conducting research in critical areas of finance.

Emerging Trends in Fintech: Revolutionizing Financial Services in Commerce

Financial technology (Fintech) is revolutionizing commerce and reshaping the financial services industry through technological advancements, innovative business models, and collaborative ecosystems. This abstract provides an in-depth overview of the impact of Fintech on various aspects of commerce, including traditional banking, wealth management, e-commerce, supply chain finance, regulatory environment, and the role of startups and innovation hubs. Drawing insights from a comprehensive analysis of existing literature and research findings, this abstract explores the transformative potential of Fintech and outlines key implications and future directions for the industry. Evolution of Fintech has been propelled by advancements in technologies such as blockchain, artificial intelligence (AI), and machine learning (ML). These technologies enable decentralized and transparent transactional capabilities, data-driven insights, and automation, driving efficiency and innovation across the financial services landscape. In particular, the integration of Fintech in traditional banking has led to the rise of digital banking platforms, mobile payment solutions, and peer-to-peer lending networks, challenging traditional banking practices and enhancing customer experiences. Furthermore, automated wealth management platforms and robo-advisors are democratizing access to investment services, offering individualized investment advice, and reshaping wealth management strategies. The integration of Fintech in e-commerce and supply chain finance is enhancing efficiency, transparency, and security in online transactions, benefiting both merchants and consumers. Digital wallets, payment gateways, and blockchain applications are streamlining payment processing and optimizing cash flow across the supply chain ecosystem. While Fintech presents significant opportunities for innovation and growth, it also poses regulatory challenges and considerations. The regulatory environment surrounding Fintech is complex and multifaceted, requiring a balance between promoting innovation and ensuring consumer protection, market integrity, and financial stability. Collaboration between startups, established institutions, and regulatory authorities is essential for navigating regulatory complexities and fostering a conducive environment for Fintech growth. Startups and innovation hubs play a crucial role in driving Fintech innovation and entrepreneurship, providing support infrastructure, mentorship, and access to capital. These stakeholders foster collaboration, experimentation, and knowledge exchange, accelerating industry transformation and driving economic development. Moreover, collaboration between traditional financial institutions and Fintech startups is essential for driving innovation and expanding access to financial services.

Patients’ Acceptance of Telemedicine Technology: The Influence of User Behavior and Socio-Cultural Dimensions

Background: Over the years, the role of startups has experienced a significant increase in healthcare delivery, particularly in telemedicine. However, there are still some inherent challenges, including cultural factors, lack of digital literacy, and uneven internet network infrastructure that must be considered during implementation. Previous reports also showed that there was a knowledge gap regarding the factors influencing acceptance of telemedicine. Objective: This study aimed to introduce and investigate an adjusted model based on Technology Acceptance Model (TAM) to assess the influence of user dimensions, technological aspects, and socio-cultural elements on the intention to adopt telemedicine services. Methods: The hypothesized relationships between latent variables were examined through Structural Equation Modeling (SEM). In addition, data analysis was carried out using Partial Least Squares-Structural Equation Modeling (PLS-SEM). Results: Self-efficacy (β=-0.272, P=0.013), perceived usefulness (β=0.355, P=0.000), facilitating conditions (β=0.425, P=0.000), and cultural factors (β=0.421, P=0.001) were found to exert a significant influence on the intention to adopt telemedicine services. Meanwhile, trust, the variables of perceived ease of use, and social influence had no significant influences. Conclusion: This study emphasized the significance of comprehending the factors influencing the adoption of telemedicine services. In addition, the results showed that the extended TAM was applicable in assessing acceptance of telemedicine services. Keywords: acceptance, telemedicine, TAM, SEM, intention to use

Role of Startups in Entrepreneurship Development (Agri Based Sector)

An entrepreneurial mentality drives a thriving economy. Entrepreneurship improves quality of life, access to goods and services, and economic progress. Many company entrepreneurs improve their life and those of others by fighting poverty or creating eco-friendly products. Entrepreneurship is thought to boost economic growth by fostering innovation, market expansion, change, and wealth creation. Entrepreneurs are essential for inventing new products, ideas, and solutions. Innovative supply chain management, precision farming, and market connection solutions are coming from agritech firms. These changes may boost farmers’ income, expenditure, and productivity. Company expansion and riches boost tiny towns and hamlets. The cycle continues endlessly because growth and money inspire additional businesses, which boost growth and money. Startups help people support their families by providing jobs. Startups alleviate unemployment by creating new jobs. Jobs like this, which take a lot of education and expertise yet pay well, build the middle class. Technology and economic growth are rising.

Business incubators in Africa: a review of the literature

ABSTRACT This paper reviews research on business incubators in Africa, as a policy tool for supporting entrepreneurial businesses. Combining bibliometric and narrative approaches, it identifies five themes in the literature: incubator types and support; incubator performance and innovation; incubator impact on businesses and economy; incubator role in start-ups; and incubator as enabler of learning. It also highlights gaps for future research, including the lack of studies on climate change and industrialization; the limited evidence on how to improve incubator support; the absence of studies on adaptive, responsive and inclusive incubators; and the scarcity of rigorous impact evaluations. The paper concludes that incubators are useful for enterprise development in Africa but need collective research and policy efforts to strengthen their contribution.

How does disruptive innovation influence the funding decisions of different venture capital investors? An empirical analysis on the role of startups' communication

Entrepreneurs present their ideas in a favorable light through compelling communications that may shape the investors' impressions about the value of the startup's technology and its potential to disrupt. Assessing such communications, venture capital (VC) investors get an impression of the startup's technology and shape their willingness to commit resources to it. Since diverse kinds of VC investors pursue alternative investment objectives, they may develop different impressions of the startup's technology and accordingly make different resource commitment decisions. This paper aims to investigate the resource commitment decisions of VC investors when financing startups communicating disruptiveness by distinguishing between independent venture capitalists (IVC) and corporate venture capitalists (CVC). Analyzing data about 664 medical device and biotech startups in a 10-year period, we found that communicating disruptiveness decreases the amount of funding committed by IVC, while it has a curvilinear effect on the amount of funding provided by CVC. Our findings contribute to the literature and provide important implications for managers of startups aiming to secure funding from different VC investors.

The impact of startup ecosystems on renewable energy technologies

Against the backdrop of growing global challenges related to climate change and resource depletion, the need for renewable energy solutions is becoming increasingly important. The purpose of the article is to explore the transformational impact of startup ecosystems on the development, innovation, and widespread adoption of renewable energy technologies, given their key role in shaping clean energy in the long term. The article applies a comprehensive approach that includes a systematic study of the symbiotic relationship between startup ecosystems and the renewable energy sector, with a special focus on the role of startups as catalysts for innovation. It is proved that startup ecosystems play a crucial role in fostering entrepreneurship, stimulating innovation, and accelerating the adoption of renewable energy technologies. The author emphasizes the empirically proven link between the goals of startup ecosystems and global sustainable development initiatives, in particular the UN Sustainable Development Goals (SDGs) - SDG 7 and SDG 13, justifying their crucial role in stimulating innovation and accelerating the widespread adoption of renewable energy technologies. The key factors and mechanisms for the development of startup ecosystems in the field of renewable energy are identified and their importance for strategic decision-making is substantiated. The article outlines the technological problems, regulatory uncertainty, and limited funding faced by renewable energy startups. The findings provide evidence-based strategies for overcoming technological challenges and a deeper understanding of the dynamics of collaboration in startup ecosystems to promote the widespread adoption of renewable energy technologies in line with global sustainable development initiatives.

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.

Peran start up untuk pengembangan kewirausahaan mahasiswa pasca pandemi covid 19 di Indonesia

Start-ups have become an important part of the business development of young entrepreneurs. There is enough evidence to show that young entrepreneurs are successful with the start-ups they build. The Covid-19 pandemic has caused massive digital use in life. This reality is increasingly providing greater opportunities for young entrepreneurs to do business by building start-ups. Even though the pandemic is almost over, it is believed that the massive use of digital media will not decrease. This study aims to analyze the role of start-ups for the development of student entrepreneurship after the COVID-19 pandemic in Indonesia. The research was conducted with a descriptive qualitative approach. The data was obtained through observation and searching on various digital media platforms and official websites related to student entrepreneurship. The results showed that the role of start-ups during the pandemic for the development of student entrepreneurship was very beneficial, due to the assistance of various platforms or media that could be used to develop the business of student entrepreneurs. Thus, the role of start-ups is the main factor, it is important that these business ideas arise from problems that have been experienced by the Indonesian people, so that from these problems emerge creative solutions so that they are developed by startup business people into a value that can help solve problems and also meet community needs

Networking to death: on the dark side of start-ups’ external networking

PurposeMany start-ups do not survive the first few years of business. Previous studies suggest that networks play a role in start-ups' success, but this positive effect has limits. The purpose of this paper is to answer the call for a better understanding of the dark side of networks and the variables that condition variables' effect on the likelihood of start-ups' survival.Design/methodology/approachA longitudinal research design includes 139 start-ups (102 from Germany and 37 from Portugal) and a total of 252 participants. A generalized linear mixed model (GLMM)was applied to estimate all the coefficients, to test the mediation (H1), the moderation (H2) and the moderated mediation (H3) while considering the economic situation of the start-up (sales growth), start-ups' networking behavior, creativity orientation and ultimately the likelihood of survival.FindingsBased on an empirical study from two different countries, the results show that effective networking is contingent on the start-up's economic situation and creative potential. Specifically, the results point to situations in which early sales growth may lead to external networking, which, in contexts of low creativity-oriented start-ups, can compromise the start-ups' success.Originality/valueBased on the findings, the authors compare scenarios in which networking increases the chances for start-up survival with situations where networking can have adverse effects. This study highlights the importance of considering specific start-up parameters, such as start-ups' economic situation and level of creativity orientation, in the business venturing literature.

Factors Influencing Entrepreneurial Intention: Focusing on Individuals’ Knowledge Exploration and Exploitation Activities

With rapid changes in industrial environments, the role of start-ups and their initial attempts toward the market are regarded as critical initiates. To increase the number of young start-up entrepreneurs, it is important to understand the relationship between entrepreneurial intention and its antecedents. Drawing on the organizational learning theory, we adopt the concept of exploration and exploitation as mediating roles of entrepreneurial intention as individual-level perspectives. Additionally, we consider innovativeness, self-efficacy, and internal locus of control as antecedents of two learning activities. The results indicate that each learning activity successfully supports the entrepreneurial intention, which requires a complex decision-making process and long-term efforts. This research discusses practical implications and guidelines for entrepreneurship education programs further.

Reimagining the sustainable social development of AI for the service sector: the role of startups

Purpose The emergence of artificial intelligence (AI) is leading to a job transformation within the service ecosystem in which issues related to AI governance principles may hinder the social sustainability of the sector. The relevance of AI startups in driving innovation has been recognized; thus, this paper aims to investigate whether and how AI startups may influence the sustainable social development (SSD) of the service sector. Design/methodology/approach An empirical study based on 24 in-depth interviews was conducted to qualitatively explore the perceptions of service sector facing AI policymakers, AI consultants and academics (n = 12), as well as AI startups (founders, AI developers; n = 12). An inductive coding approach was used to identify and analyze the data. Findings As part of a complex system, AI startups influence the SSD of the service sector in relation to other stakeholders’ contributions for the ethical deployment of AI. Four key factors influencing AI startups’ ability to contribute to the SSD of the service sector were identified: awareness of socioeconomic issues; fostering decent work; systematically applying ethics; and business model innovation. Practical implications This study proposes measures for service sector AI startups to promote collaborative efforts and implement managerial practices that adapt to their available resources. Originality/value This study develops original guidelines for startups that seek ethical development of beneficial AI in the service sector, building upon Ethics as a Service approach.

Challenges and Opportunities for Start-up Innovation and Entrepreneurship as Tools Towards Knowledge-based Economy: A Study of Tribal Youth of the TSP Region of Southern Rajasthan of India

The goal of this study was to look at the start-up ecosystem and entrepreneurial environment among tribal youth in the Tribal Sub-Plan area of Southern Rajasthan by assessing their predicament and working conditions. The study looked at the obstacles, challenges and possibilities that start-ups and new enterprises face, as well as how they may be used to create economic, political and social change by helping society towards a knowledge-based economy. The study’s goal is to underline the vital role of start-ups, and instead of seeing start-ups and challenges as two separate things, we may connect the two and ‘use’ start-ups to solve these problems, specifically by innovating in areas where tribal society’s most pressing problems exist.

Servitization of Energy Sector: Emerging Service Business Models and Startup’s Participation

Changing asset ownership models in the energy sector is spurring established companies and startups to implement customer-centric smart services. In this sense, startups are pioneers of innovative business models, and unbundle the energy value chain to provide various services to final customers. Although service business models have received large attention in the energy sector, the role of startups in service business model innovation (S-BMI) is not fully understood in the literature. To put this into perspective, the proposed work analyzes the six most practiced energy service categories, specifically, Comfort and Heating, Flexibility and Trading, Energy Efficiency and Management, Solar and Microgrid, Charging and Battery, and Energy Software Solutions are taken into account, accompanying service business model archetypes in the energy sector. Data from two different company databases are combined, and a list of 432 startups dealing with energy services are analyzed. The operating revenue, stakeholders, investors, and funding are considered as the main indicators to compare the service categories. The top two categories in terms of the number of startups are Solar and Microgrid (38.1%) alongside Energy Efficiency and Management (20.1%). The analysis suggests that X-as-a-service (XaaS) and platform-based business models are becoming the center-of-attention for investors and shareholders. Digital marketplaces are also evolving in the energy sector. In fact, the current study found that startups associated with XaaS, platforms, and marketplace activities are attracting the majority of investors and funding programs. From a theoretical point of view, the study has provided the main motivations and enablers behind the energy sector servitization. The findings could serve as an initial methodological framework to analyze services in the energy sector, putting service business models and startups into focus.

The Role Of Startups In The Age Of Covid-19 Pandemic:, Evidence From The World

The Role Of Startups In The Age Of Covid-19 Pandemic:, Evidence From The World