The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups

The aim of the article is to study the attractiveness of individual regions, as places for the foundation and development of startups. The concept of «startup» is defined, and factors that contributed to the boom of startups in the 21st century are considered. Analyzing the statistical data, the for...

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Main Authors: Davydov Denys S., Marchenko Anna G.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-12-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2018-12_0-pages-59_63.pdf
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author Davydov Denys S.
Marchenko Anna G.
author_facet Davydov Denys S.
Marchenko Anna G.
author_sort Davydov Denys S.
collection DOAJ
description The aim of the article is to study the attractiveness of individual regions, as places for the foundation and development of startups. The concept of «startup» is defined, and factors that contributed to the boom of startups in the 21st century are considered. Analyzing the statistical data, the formation of Berlin as one of the most successfully functioning startup ecosystems of the EU countries is considered. As a result of the study the factors contributing to attracting startups and venture capital to Berlin have been identified, their feasibility has been substantiated. Using the example of the successfully implemented TransferGo startup, the main startup development stages are considered and Berlin’s status as an attractive startup ecosystem is confirmed. Prospects for further research in this direction is analyzing the efficiency of the startup infrastructure in Berlin, namely, business incubators and accelerators operating in the city, technological innovation of the startups based in Berlin, and forecasting of the region’s future development.
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spelling doaj.art-eef40fb220464089954a209c14a3075e2022-12-21T18:18:45ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2018-12-01124915963The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing StartupsDavydov Denys S.0Marchenko Anna G.1Candidate of Sciences (Economics), Associate Professor, V. N. Karazin Kharkiv National UniversityStudent, V. N. Karazin Kharkiv National UniversityThe aim of the article is to study the attractiveness of individual regions, as places for the foundation and development of startups. The concept of «startup» is defined, and factors that contributed to the boom of startups in the 21st century are considered. Analyzing the statistical data, the formation of Berlin as one of the most successfully functioning startup ecosystems of the EU countries is considered. As a result of the study the factors contributing to attracting startups and venture capital to Berlin have been identified, their feasibility has been substantiated. Using the example of the successfully implemented TransferGo startup, the main startup development stages are considered and Berlin’s status as an attractive startup ecosystem is confirmed. Prospects for further research in this direction is analyzing the efficiency of the startup infrastructure in Berlin, namely, business incubators and accelerators operating in the city, technological innovation of the startups based in Berlin, and forecasting of the region’s future development.http://www.business-inform.net/export_pdf/business-inform-2018-12_0-pages-59_63.pdfstartupstartup ecosystemstartup infrastructure
spellingShingle Davydov Denys S.
Marchenko Anna G.
The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups
Bìznes Inform
startup
startup ecosystem
startup infrastructure
title The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups
title_full The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups
title_fullStr The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups
title_full_unstemmed The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups
title_short The Attractiveness of Individual Regions of the EU as Ecosystems for Creating and Developing Startups
title_sort attractiveness of individual regions of the eu as ecosystems for creating and developing startups
topic startup
startup ecosystem
startup infrastructure
url http://www.business-inform.net/export_pdf/business-inform-2018-12_0-pages-59_63.pdf
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