International Journal For Multidisciplinary Research

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Opportunities and Challenges of Startups

Author(s) Supriya Dalal
Country India
Abstract Innovative start-ups can create and shape new industries and generate considerable economic and societal impacts. Accordingly, a variety of policy initiatives are aimed at promoting the establishment, growth and impact of innovative start-ups. Designing such policies is a challenging task, because most start-ups fail. In addition, only a small share of those start-ups will ultimately prove to be innovative, and very few of those will eventually become high impact firms. Hence, effective policies require a better understanding of the processes by which innovative start-ups are formed, developed and create impact, as well as of the heterogeneous nature inherent to innovative start-ups along with their development trajectory. The purpose of the study is to discover what startups understand from the concept of innovation, how they innovate in their businesses and what they encounter as factors - both internal and external - driving or constraining their innovation activities. The theoretical framework of the study covers knowledge about the concepts of innovation and startup, the role of innovation in driving economic growth, the characteristics of innovation in startups and innovation drivers and barriers.
Keywords Start up, Entrepreneurs, Challenges, Opportunities, Impact on Indian economy, Innovation.
Field Mathematics > Economy / Commerce
Published In Volume 5, Issue 4, July-August 2023
Published On 2023-08-17
Cite This Opportunities and Challenges of Startups - Supriya Dalal - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.5464
DOI https://doi.org/10.36948/ijfmr.2023.v05i04.5464
Short DOI https://doi.org/gsmnm4
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