Alumnus Jan Eric Filipczak: “Potential Factors Explaining the Success of (high-tech) Start-Ups”
Welcome, dear readers to a short summary of the presentation given by our alumnus, Mr. Filipczak, representing selected results of his Master Degree research at Johann Wolfgang von Goethe-Universität, Frankfurt/M.:
“Silicon Valley, the region in which most of the famous high-tech start-ups were founded, has become the Mecca for young people willing to take the risk to found their own company. As a result, other countries want to copy the success of the “Silicon Valley Concept” and create own start-up centres to boost economic growth.
The European Union (EU) also wants to overcome recession in its member states through the creation of new innovative firms, especially in the ICT sector. For this purpose, the EU Commission released the “Entrepreneurship 2020 Action Plan”, which forms the basis for a new “entrepreneurial climate” in Europe.
The intention of the EU to foster entrepreneurship is a good reason to analyse how start-ups and entrepreneurship can be encouraged. The presentation showed which factors enhance entrepreneurship, and which factors hinder the creation of new firms. Mr. Filipczak especially focused on (high-tech) start-ups because of their high potential to generate innovation and growth.
The presentation also showed that “entrepreneurial attitudes” of course influence the success of new firms. Additionally, public institutions and the general economic environment play a crucial role, especially for firms with a high innovation and growth potential. But it also becomes apparent that entrepreneurship cannot be planned by the state.
In fact, Joseph Schumpeter’s “process of innovation and creative destruction” is driven by random events and individual decisions, which cannot be centralized, predetermined, or coordinated. “
Dear Jan-Eric Filipczak, thank you very much for this detailed, in-depth analysis!
