STARTUPS – DRIVING FORCE OF INNOVATIONS AND ECONOMY

Authors

  • Dia Kohli Kaunas University of Applied Sciences, Kaunas (LT)
  • Fatima Ezzahra Fatri Kaunas University of Applied Sciences, Kaunas (LT)
  • Sarmīte Saleniece Rezekne Academy of Technologies, Rezekne (LV)
  • Simona Jankauskaitė Kaunas University of Applied Sciences, Kaunas (LT)
  • Viktorija Stanaityte Kaunas University of Applied Sciences, Kaunas (LT)

DOI:

https://doi.org/10.17770/iss2023.7391

Keywords:

country’s economy, creation of startup, funding, innovations, startup

Abstract

This research paper aims to explore the world of startups and compare the startup ecosystems in different countries: Baltic countries, Morocco and India. The paper discusses the characteristics of startups, the challenges and opportunities they face in today's global market. This joint research paper also analyses the economic indicators of the startups in countries comparing the favorable conditions and success factors to be implemented. Overall, this research contributes to the understanding of the startup landscape and depicts the insights, based on successful startup companies, into how the countries can foster innovation and economic growth through entrepreneurship.

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References

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Unicorns Lithuania. (06.02.2023). In 2022, Startups Paid €297M Into the Lithuanian State Budget - 51% More Than in 2021. https://unicorns.lt/en/news/2022-startups-paid-297m-lithuanian-state-budget-51-more-2021https://disrupt-africa.com/2021/05/28/moroccos-waystocap-pivots-to-local-marketplace-model-sees-strong-growth/

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Published

2023-12-18

Issue

2023: INDIVIDUAL. SOCIETY. STATE. Proceedings of the International Student and Teacher Scientific Practical Conference 19 May, 2023

Section

Economics and Management

License

Copyright (c) 2023 Dia Kohli, Fatima Ezzahra Fatri, Sarmīte Saleniece , Simona Jankauskaitė, Viktorija Stanaityte

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.