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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Startups Support in Slovak Republic
Author(s)
Jarmila Hudáková
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DOI:10.17265/2328-2185/2019.01.008
Affiliation(s)
Constantine the Philosopher University in Nitra, Nitra, Slovakia
ABSTRACT
In a knowledge-based society,
innovation is the driving force of the economy on all levels and in all types of
organizations. Due to high risks present when introducing new products and services,
innovations are usually commercialized via isolated formal formations such as startup
companies (next, just startup). The aim of the article is to empirically analyse the situation of startups
in Slovakia and describe how Slovak republic supports startup. We used the questionnaire and we approached 289 small
and medium enterprises, in case of which we assumed that they are startups. This
assumption confirmed 153 startups based on the returned questionnaires. Slovak Republic has all that is necessary for the startup
ecosystem. The survey showed that there is a need to support women in business and
activate more investors interested in investments in startups. Founders of startup
still use mainly own savings for funding business. Our findings can inspire new
investors. Results may increase investors’ interest in investing in startup companies
due to the fact that the Slovak Republic conditions are created for this type of
business.
KEYWORDS
innovations, startup, the simplified joint stock company, ecosystem
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