Formation and Development of High-tech Startups in the MedTech Field

Currently, the development of high-tech business is a critical condition for the growth of the national economy and ensuring the economic security of our country. Not only established companies in the industry, but also new players in the high-tech and knowledge-intensive sector who bring innovative ideas and solutions play a role in achieving technological sovereignty. At the same time, not all newly created firms survive in the market (9 out of 10 startups fail)l. The purpose of this study is to identify the conditions that contribute to small young high-tech companies surviving and continuing to develop successfully in the market. The identification of the success factors of technology companies at the early stages of the life cycle (startups) may allow government organizations to adjust the policy of supporting young market entities. The contribution to the identification of a set of conditions favorable to the emergence and further operation of young technology firms in Russia determines the significance of this study. The following methods were used in the research: in-depth interviews, analysis and synthesis, case study. As a result of a comparative analysis of the successful development experience of the studied startups, the role of partnerships and state support in the formation and strengthening of these companies in the market was highlighted. This made it possible to offer certain recommendations in the field of state support for emerging organizations.

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