STARTUPS IMPORTANCE FOR THE SUCCESSFUL DEVELOPMENT OF THE SLOVAK ECONOMY

Elena Gregova, Victor V. Dengov

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Development of small and medium-sized enterprises has been located in the sphere of professional and scientific interests of the author already for a long time. Prospects for successful development of small businesses largely depend on their ability to create quickly awareness about their work and to become therefore the global players. These are mainly young innovative companies, which are an important factor for the development of a market economy. Startups as rapidly growing young companies with high innovation potential represent a long-term trend abroad, when after their establishment they must quickly think about international, global business environment. In Slovakia they present the segment only in its beginning, and therefore they begin to receive more attention from the state and investors. Support has not only to help new entrepreneurs to start a business model, to overcome the difficult period for the first few months, but also to maintain obtaining partners for financing. Company bringing innovative and new ideas that will stand out from the current business environment to the nature of the product, thus quickly be able to establish the international environment. The paper generalized practically all the available material for researched topic. Based on the analysis, the authors came to the conclusion that the development of startups will have an important role for the development of the Slovak economy and its economic recovery now and in the near future.
Original languageEnglish
Title of host publicationGLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES, 16TH INTERNATIONAL SCIENTIFIC CONFERENCE PROCEEDINGS
EditorsTomas Kliestik
Place of PublicationSLOVAKIA
PublisherEDIS-Zilina University publisher
Pages505-514
Number of pages10
VolumeI-V
ISBN (Print)978-80-8154-191-9
StatePublished - 2016
Event16th International Scientific Conference on Globalization and its Socio-Economic Consequences - Rajecke Teplice, SLOVAKIA, Rajecke Teplice, Slovakia
Duration: 5 Oct 20166 Oct 2016
Conference number: 16
https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2016_part_1.pdf
https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2016_part_3.pdf

Conference

Conference16th International Scientific Conference on Globalization and its Socio-Economic Consequences
Country/TerritorySlovakia
CityRajecke Teplice
Period5/10/166/10/16
Internet address

Cite this