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Startup failures: the research on the major factors causing the startup failures
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The research is focused on finding out what are the major reasons for start up failures. To accomplish that, the survey on the founders of start ups that failed was conducted. The results were split into the general presentation and divided by the characteristics of companies such as a stage of development, number of founders, industry, type of financing, and business model. The critical factors of start up failures turned out to be Poor sales and marketing, Business model not viable, Not the right team, Other market problems (not enough traction, too niche market), Lack of financing. The results differ in the start ups with different characteristics.
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Innovation Strategy Digitization Innovation hubs Corporate accelerator Coporate incubator