STRENGTHENING THE STARTUP ECOSYSTEM TO
DEVELOP AN INNOVATIVE ECONOMY IN GEORGIA
STRENGTHENING THE STARTUP ECOSYSTEM TO
DEVELOP AN INNOVATIVE ECONOMY IN GEORGIA
Author(s): BENIA Irina, SAJAIA TamaraSubject(s): Law, Constitution, Jurisprudence, Civil Law, Law on Economics
Published by: C.H. Beck Publishing House - Romania
Keywords: start up ecosystem; incubators; acceleration; innovations; founder; angel investors; governmental support;
Summary/Abstract: Startups provide an opportunity to create a product that society needs. Innovation requires ideas based on everyday life. The development of innovation requires conditions that are usually combined into a startup ecosystem, an environment in which seemingly simple ideas are transformed into innovative startups, and then transformed into a business. Startups are realized ideas created with the goal of producing products that consumers need. Risky ideas, if successful, can become businesses that generate significant income. Each of us knows startups such as Facebook, Amazon, Apple, Netflix, Google very well. Founders, now already angel investors, once took the risk to create them, now they are successful ideas that turned into giants.
Journal: Studii Juridice şi Administrative
- Issue Year: 29/2023
- Issue No: 2
- Page Range: 109-117
- Page Count: 9
- Language: English
