The Constraints of Innovation in Developing Countries: Too Many Barriers to Start ups?

Doruk, Ömer Tuğsal; Söylemezoğlu, Ergül

doi:10.1016/j.sbspro.2014.09.106

Cited by 11 publications

(11 citation statements)

References 19 publications

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“…This perception converges with what Doruk and Söylemezoğlu (2014) communicate about the insufficiency or inadequacy of incentive programs for companies in the development stage. It is assumed that the inadequacy of the programs has resulted from inaccuracies in the efforts to identify, measure and satisfy critical needs that are indispensable for the consolidation of innovative enterprises in the market (Mason & Brown, 2013).…”

Section: Mentoringsupporting

confidence: 65%

“…Thus, the growth potential of startups usually requires high levels of external investment (Blank, 2012), which may hinder the entry of these companies into the market. Doruk and Söylemezoğlu (2014) note that especially in developing countries, the main impediments to the progress of startups and innovations are bureaucratic and cost barriers. In this sense, Audretsch et al (2014) emphasize that infrastructure plays an extremely important role in entrepreneurial activity, and that there is a positive relationship between the startup activity and the infrastructure for its growth.…”

Section: Startups and Development Processmentioning

confidence: 99%

“…The perception that the excessive rules and bureaucratic controls hinder the development of startups finds support in the literature. Doruk and Söylemezoğlu (2014) consider that bureaucratic and cost barriers are critical obstacles to the consolidation of technological enterprises, especially in underdeveloped countries.…”

Section: Market Insertionmentioning

confidence: 99%

“…Institutions that support innovative initiatives ruled by local laws and policies to encourage innovation do not always provide the necessary assistance for the progress of companies in the development stage. This is due to a possible gap in the alignment between policies, incentive programs, and the needs faced by entrepreneurs in the process of growth (Doruk & Söylemezoğlu, 2014).…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Incentive programs to promote startups: a Brazilian case

Moreira

Martins

Pereira

et al. 2019

Pensamento Contemporâneo em Administração

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This study aimed to verify the practical implications of innovation incentive programs in the development of a carpooling startup from Brazilian Federal District. It is a case study in which the startup was supported by programs to encourage innovation. Interviews were conducted with the managers of the startup, with the purpose of evaluating the confluence and applicability of the programs to the needs of the business, evidencing the impact of that programs in its development. Empirical evidence was treated through content analysis with a priori categorization, with the managers' perspectives being compared with the factors of incentive to startups-investment, mentoring and support for market insertion. The results demonstrated that financial assistance, managerial training and institutional networking contributed to the startup development. The study provides an analysis of startups development factors and contributes to the improvement of innovation incentive programs.

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Section: Mentoringsupporting

confidence: 65%

Section: Startups and Development Processmentioning

confidence: 99%

Section: Market Insertionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Incentive programs to promote startups: a Brazilian case

Moreira

Martins

Pereira

et al. 2019

Pensamento Contemporâneo em Administração

View full text Add to dashboard Cite

show abstract

“…They have a particular skill in finding niche markets and providing innovations for these markets (Moroni et al , 2015). Overall, it can be said that startups are one of the innovation systems actors (Bittencourt et al , 2018) and drivers (Doruk and Soylemezoglu, 2014).…”

Section: Introductionmentioning

confidence: 99%

A synthesized framework for the formation of startups’ innovation ecosystem

Ojaghi

Mohammadi

Yazdani

2019

JSTPM

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Purpose The purpose of this study set out to introduce an alternative framework for explaining the formation of the innovation ecosystem based on the systematic literature review (SLR) and ecosystemic approach. Design/methodology/approach This paper is an SLR of studies from the year 2008-2018 that investigating startups’ innovation. SLR approach being used exploration, interpretation and communication method, which composed of seven steps as follows exploring topics, searching, organizing, evaluating and expanding, integrating and communicating. The output of this process is 63 documents that applied to synthesize the formation framework. Findings The systematic review of literature has shown that researchers in recent years have considered some entities such as incubators, financials suppliers, accelerators, universities and companies in relation to the startup innovations, which are described in this paper as key actors. The study of the relationship between these actors in the documents led to the identification of interactional necessities, including structures, infrastructures and networks. Finally, the processes studied in the literature were classified into three types of mechanisms, namely, the genesis, growth and development of startups innovations. Research limitations/implications The SLR approach is subject to limitations because some poor explanations amongst previous researchers may be repeated and reinforced. Also, in the protocol adopted in this paper, documents are limited in English. Practical implications The introduced frammework can be useful in identifying and understanding the requirements of startups and creating effective policies for their innovation development. Originality/value This paper reviews, summarizes and integrates the growing and scattered literature of the innovation ecosystem of the startups and delivers new facts for the future development of this field.

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Reimagining entrepreneurship by utilizing venture dynamics in sharing economy: Evaluating the symbiosis of macro and micro factors for sustainable capital flows in developing markets

Amit,

Levermore,

Kafy

2024

Bus Strat Dev

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Venture capital (VC) plays a vital role in fostering revolution and entrepreneurship in emerging economies. However, attracting VC investments remains a significant challenge for startups in these markets. This study investigates the macro and micro factors influencing VC attraction in the Bangladeshi startup ecosystem, employing a mixed‐methods approach. A systematic literature review was performed to recognize the key factors influencing VC attraction in emerging markets. Qualitative interviews with 20 stakeholders, including startup founders, investors, and policymakers, were undertaken to gain insights into the challenges and opportunities for VC attraction in Bangladesh. Quantitative analysis of secondary data on VC investments and startup characteristics was executed to examine the associations connecting the identified factors and VC investment amount. The findings reveal that government policies, human capital availability, and informal institutions are critical macro factors influencing VC attraction, while founder and team characteristics, business model and scalability, and traction and validation are key micro factors. The study contributes to the literature on VC in developing economies by providing a comprehensive examination of the interplay of institutional, human capital, cultural, and startup‐specific factors shaping VC investment decisions. The findings have important implications for policymakers, investors, and entrepreneurs seeking to foster a more vibrant and sustainable startup ecosystem in Bangladesh and beyond. The research underlines the need for a holistic approach to addressing the challenges and leveraging the opportunities for VC attraction in emerging markets.

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The Constraints of Innovation in Developing Countries: Too Many Barriers to Start ups?

Cited by 11 publications

References 19 publications

Incentive programs to promote startups: a Brazilian case

Incentive programs to promote startups: a Brazilian case

A synthesized framework for the formation of startups’ innovation ecosystem

Reimagining entrepreneurship by utilizing venture dynamics in sharing economy: Evaluating the symbiosis of macro and micro factors for sustainable capital flows in developing markets

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