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STARTUP ENTERPRENEURSHIP IN UKRAINE: REGULATION AND DEVELOPMENT

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 76)

Publication Date:

Authors : ;

Page : 124-127

Keywords : startup; regulation; state regulation; development; startup entrepreneurship; innovation;

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Abstract

The article examines the development of startup entrepreneurship in Ukraine as an essential catalyst for the technological and innovative development of the country. It was determined that Ukraine has a high potential in startup entrepreneurship thanks to human capital and technical experience, evidenced by the improvement of the ranking position from 50 to 49 place in the Global Startup Ecosystem Index 2023, a positive indicator in war conditions. It was noted that an essential challenge for Ukrainian startups is international support, which can lead to the termination of activities in Ukraine and registration in other countries. During the COVID-19 pandemic and martial law, startups continued to develop and attract new investments for their development actively; such startups include Petcube, Ajax Systems, Preply, and Zakaz. Responding to the market's needs, the most significant number of startups concentrated in the fields of smart devices and online services. In connection with the promising development of startup entrepreneurship, the issue of legislative support in Ukrainian realities is being brought up to date. The regulatory and legal regulation of startup entrepreneurship in Ukraine is considered, and the laws protecting the rights of startups and the laws regulating their activities are highlighted. The importance of international experience in the formation of a favorable business climate for startups is highlighted; the Indian government uses the creation of funds to support startups at various stages of the life cycle, and the experience of Great Britain and Scotland is reflected in tax incentives, subsidies, and procurement, as well as the interaction of the government, universities, and the private sector. The importance of creating a practical regulatory and legal framework, diversification of financing ways and reliable state policy for startups in war conditions, development of a strategy for support and development of startups in war conditions, use of the «triple» spiral as a symbiotic relationship between state authorities, business, and education is emphasized.

Last modified: 2023-12-19 03:26:30