Authors: R. Pukala, O.A. Ostanin

Title of the article: Startups as an element of support for innovative economic development

Year: 2020, Issue: 4, Pages: 4-14

Branch of knowledge: 08.00.01 Economic Theory

Index UDK: 334.012.42

DOI: 10.26730/2587-5574-2020-4-4-14

Abstract: The research is aimed at identifying the opportunities that open up for modern industries due to the emergence and functioning of innovative enterprises with a high level of risk – startups. The authors analyze the relationship between the specifics of the development of such organizations and their life expectancy in the market. It was emphasized that startups are largely associated with modern tech-nologies that are used and implemented in various sectors of the economy. Therefore, they are classified as innovative and innovative enterprises, which gives them a chance to achieve market success and significant competitive advantages. The analysis has shown that start-ups can be an effective element in supporting the development of mining and energy enterprises in the face of shrinking raw materials and energy markets. Based on the analysis, it is shown that startups, as rapidly developing and maturing economic entities, as well as those looking for their own business model, demonstrate the greatest risk of losing financial liquidity. This study is also aimed at identifying information technology risks, the implementation of which may affect the business activity of innovative enterprises, including start-ups. It was emphasized that such enterprises are largely associated with the use and implementation of modern technologies in various sectors of the economy, and act as an impulse that triggers innovative transformations that are important from the point of view of national and international competitiveness. Consequently, risk management in the development of industrial startups, especially those related to information technology, can become an element that accelerates the achievement of the product scaling stage and the development of an optimal business model that gives a chance to achieve market success in an increasingly competitive mineral and energy market.

Key words: technological diffusion technological efficiency DEA analysis type of economic activity structure of the economy structural shifts

Receiving date: 05.11.2020

Publication date: 29.12.2020

Статья отозвана по требованию автора в связи некорректными действиями редакции

Rejected 15.01.2021

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