The Role Of Innovation In The Development Of Startups

Abstract

This study aimed to highlight the role of innovation in the development of startups in light of the competition these institutions are currently facing, by addressing the theoretical foundations of both innovation and entrepreneurial institutions. In addition, we highlighted the role that innovation plays in the development of startups. To complete this study, we relied on the descriptive analytical approach, as it is appropriate for this type of study. The study reached a number of conclusions, including the pivotal role that innovation plays in supporting and developing startups, in addition to the fact that innovation is not only related to technology but also extends to include the economy, management methods, employee relations, and other areas. As for startups, they are considered the ideal incubator for innovation.