Diversification of Access to Finance Mechanisms as a Tool to Empower Innovation and Entrepreneurship
Session
Management, Business and Economics
Description
There is evidence that innovative and entrepreneurial start-ups play a critical role and are a strong economic and social development factor towards a knowledge-based society. Start-ups help societies to commercialise existing research output with the aim of introducing creative solutions in addressing different needs and societal problems. To this day, the Kosovo start-up ecosystem is still underdeveloped, offers limited access to finance, weak market-access links, in-existent venture-capital funding, and limited angel investment opportunities. Thus, supporting start-ups by diversifying access to finance mechanisms and instruments is essential to enable the success of such ventures with the potential of significant contribution to the long-term economic progress.
Therefore, empowering existing structures or instituting new mechanisms contributing to the stability, facilitation of successful start-up ecosystem and growth of start-ups does undoubtedly contribute to the favourability of innovation, new business formation, and entrepreneurship driven by a higher survival rate and business growth (scale-up). Such a setting is also differently also known as a “start-up ecosystem”, wherefrom entrepreneurs’ and start-ups’ growth potentials are positively affected.
Keywords:
innovation; entrepreneurship, start-up ecosystem, economic progress, knowledge-based society
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-550-50-5
Location
UBT Kampus, Lipjan
Start Date
29-10-2022 12:00 AM
End Date
30-10-2022 12:00 AM
DOI
10.33107/ubt-ic.2022.431
Recommended Citation
Lubishtani, Ermal, "Diversification of Access to Finance Mechanisms as a Tool to Empower Innovation and Entrepreneurship" (2022). UBT International Conference. 448.
https://knowledgecenter.ubt-uni.net/conference/2022/all-events/448
Diversification of Access to Finance Mechanisms as a Tool to Empower Innovation and Entrepreneurship
UBT Kampus, Lipjan
There is evidence that innovative and entrepreneurial start-ups play a critical role and are a strong economic and social development factor towards a knowledge-based society. Start-ups help societies to commercialise existing research output with the aim of introducing creative solutions in addressing different needs and societal problems. To this day, the Kosovo start-up ecosystem is still underdeveloped, offers limited access to finance, weak market-access links, in-existent venture-capital funding, and limited angel investment opportunities. Thus, supporting start-ups by diversifying access to finance mechanisms and instruments is essential to enable the success of such ventures with the potential of significant contribution to the long-term economic progress.
Therefore, empowering existing structures or instituting new mechanisms contributing to the stability, facilitation of successful start-up ecosystem and growth of start-ups does undoubtedly contribute to the favourability of innovation, new business formation, and entrepreneurship driven by a higher survival rate and business growth (scale-up). Such a setting is also differently also known as a “start-up ecosystem”, wherefrom entrepreneurs’ and start-ups’ growth potentials are positively affected.