The sustainability of developing startup companies in Finland
Saini, Tarnjit (2020)
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This thesis focuses on researching about the factors influencing the growth of developing startups in the Finnish startup ecosystem. Analysing existing literature, the most common and identified factors were technology & innovation, availability of resources, funding necessities, market size and the community in the startup ecosystem. These factors had the most influence on the sustainable growth of new startups either positively or negatively. To understand the ecosystem and the ways these factors were affecting new startups, two surveys were carried out in the Helsinki startup ecosystem. One of the surveys focused on analyzing these factors from 8 different startup ecosystem entities’ perspective whereas the other took into consideration the perspective of 12 startup founders. From the results it can be concluded that the factors that were affecting the startups growth positively were the ever-evolving technology & innovation, support of the community and the resources being offered by various entities free of cost. The negative factors were determined to be the access to high funding and the limitations of growth due to the market size.