Although start-ups are expected to be critical driving force for the European economy, many challenges during the start-up innovation process hinder the introduction and diffusion of these entrepreneurial innovations. This paper describes a case study the aims to explain concerns that start-up entrepreneurs experience during the start-up innovation process. Study is based on the interviews of 34 entrepreneurs who aim to introduce technology-based innovation to the markets and scale their business internationally. Our findings show that challenges and needs of the start-ups differ in the different phases of the start-up innovation process. For example, entrepreneurs experience the lack of business and strategic competence an issue in the early phase of the development, which however is not expressed to be a concern when new venture starts scaling its business to global markets. Nevertheless, findings highlight that fundraising is major concern for entrepreneurs regardless of the phase of innovation process.
|Title of host publication||2015 XXVI ISPIM Innovation Conference|
|Publisher||International Society for Professional Innovation Management ISPIM|
|Publication status||Published - 2015|
|MoE publication type||A4 Article in a conference publication|
|Event||XXVI ISPIM Conference: Shaping the Frontiers of Innovation Management - Budapest, Hungary|
Duration: 14 Jun 2015 → 17 Jun 2015
|Conference||XXVI ISPIM Conference|
|Period||14/06/15 → 17/06/15|
Wallin, A., Still, K., & Komi, M. (2015). Start-up entrepreneurs' key concerns on path of entrepreneurial innovation. In 2015 XXVI ISPIM Innovation Conference International Society for Professional Innovation Management ISPIM.