Abstract—Increased in number of start-ups has been identified to be a reason for high innovative countries. The objective of this research is to dive into factors that influence innovation in start-ups and innovation’s effect on the general survival of start-ups; with particular focus on industrialized economies. By using three different models, namely, the pooled model, fixed effect model and the random model, including further analysis by performing the Hausman test, indicated points such as financing having a greater influence on innovation.

Index Terms—innovation, startup, market openness, demographic, government policies, financial

Cite: James Okrah and Alexander Nepp, "Factors Affecting Startup Innovation and Growth" Journal of Advanced Management Science, Vol. 6, No. 1, pp. 34-38, March 2018. doi: 10.18178/joams.6.1.34-38