Abstract

The purpose of the present publication is to examine the main development drivers of start-up companies in start-up ecosystems. The research question: what are the main drivers of start-up companies within start-up ecosystems in countries with still a relatively limited experience of enhancing dimensions of ecosystems? Therefore, the case of one country (Lithuania) was chosen to overview the transformation process of this economy from the stage where start-ups operate alone in a very weak system without potential synergy effects among peers and other stakeholders to the stage where companies help each other to move to the further development stage and sustain in the market. The weaknesses, mistakes, strengths and techniques of Lithuania could be useful for other countries of the same group to improve their start-up ecosystems. To ingeniously identify and examine the principle drivers of start-up companies within start-up ecosystems, the triangulation method is used where the scientific literature review, quantitative survey and qualitative expert interviews are conducted and results of three sub-researches compared. This research is one of the first from the same series on main drivers of start-up companies as each start-up ecosystem dimension and driver of start-up companies deserve an independent research and analysis.

Keywords: development drivers, start-ups, start-up ecosystem, sustainability, growth

JEL Classification: M13, O10.

Cite as: Laužikas, M., Miliute, A., Bilota A. & Bielousovaitė, D. (2017). Main development drivers of start-up companies within start-up ecosystems: the case of Lithuania. Marketing and Management of Innovations, 2, 316-328. https://doi.org/10.21272/mmi.2017.2-30

This work is licensed under a Creative Commons Attribution 4.0 International License

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