Cluster Analysis Usage as Prerequisite for Implementing Strategies of Countries Startup Ecosystems Development

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Abstract

In today’s world, knowledge, innovations, new ideas and intellectual achievements are becoming the driving forces of the economy. The realities of the modern business environment, which have developed in the context of the intellectualization of the world economy, require a revision of the classical ideas of management regarding the rules of doing business, competition and markets. The issue of socio-economic development of the country as a whole, as well as its individual regions, is solved through the active implementation of innovations. The role of innovative business structures in ensuring sustainable economic development of the world’s countries is growing rapidly, this attracts more and more attention from the state, society and the scientific community. Innovative business structures include startup projects that are becoming increasingly popular all over the world, including Ukraine. The process of spreading innovations is inextricably linked to the development of the startup ecosystem. Important components of the startup ecosystem are government institutions, state and local authorities, financial and investment organizations, business, communication and educational support organizations, as well as existing entrepreneurs and their associations. The development of the startup ecosystem can be measured using indexes, among which, such international indexes as StartupBlink and Startup Genome are most fully represented. StartupBlink is of the particular interest, it displays a map of the startup ecosystem and a research center that works to identify the dynamics of startup ecosystems around the world and help accelerate their growth. The paper grouped countries into 5 clusters, which made it possible to identify the features of the development of startup ecosystems, and provide characteristics of each group of countries, and in the future will become the basis for developing recommendations and forming strategies for the development of the startup ecosystem.

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APA

Kyzym, M., Dymchenko, O., Smachylo, V., Rudachenko, O., & Dril, N. (2023). Cluster Analysis Usage as Prerequisite for Implementing Strategies of Countries Startup Ecosystems Development. In Lecture Notes in Networks and Systems (Vol. 536 LNNS, pp. 290–301). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-3-031-20141-7_27

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