|Project Title:||The worldwide role of Innovation in Startup Financing and Implications for Financial Problems|
|Author:||Ms. Florian Hipp|
|Advisor:||Assoc. Prof. Dr.Om Huvanand|
|Degree:||Master in Business Administration (International Program)|
Hipp, Florian. (2018). The worldwide role of Innovation in Startup Financing and Implications for Financial Problems. (Independent study, Master of Business Administration). Bangkok: Siam University.
This paper investigates the relation of start-up financing in 60 countries to innovation and business failings by using the Global Entrepreneurship Monitor (GEM) surveys conducted in 2015 and 2016. Said data was analyzed using the Spearman Rank-Order Correlation Coefficient.
It finds that in the current, globalized world a higher regional innovation level has a positive correlation to the overall median amount of money needed to start a business. This in turn has a strong influence on the sources of capital used by founders and to some degree determines the likelihood of failing because of financial problems. Key finding was the relation between the usage of formal capital for funding and the accompanying decrease of failing because of financial problems. The paper identified especially the needed business plans and therefore better planned ventures and the easier access to follow-up financing as the main factors which lead to the success of said businesses.
Keywords: Financing, Startup, Innovation.
The worldwide role of Innovation in Startup Financing and Implications for Financial Problems
International Master in Business Administration (IMBA), Siam University, Bangkok, Thailand
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