Identify and prioritize the factors affecting the innovation capacity of FinTech start-ups
Subject Areas : Futurology
majid forouzanmehr
1
,
saeed shavvalpour
2
*
,
mehrdad Hoseini Shakib
3
,
Abbas khamseh
4
1 - PhD Student in Technology Management, Department of Technology Management, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 - , Department of Economics, Faculty of Economics, Management and Progress Engineering, Iran University of Science and Technology, Tehran, Iran
3 - Department of Industrial Management, Karaj Branch, Islamic Azad University, Karaj, Iran
4 - Department of industrial management , Karaj branch, Islamic Azad University, Karaj, Iran.
Keywords: technology, innovation capacity, fintech, start-up,
Abstract :
Background: Innovation capacity is an essential factor in the success of the innovation process in technology-driven start-ups. Studying and recognizing the factors affecting it in accordance with the conditions of the country can lead to the success of technology-based start-ups in the country. Objective: To identify and prioritize the factors affecting the innovation capacity of technology-based start-ups in the field of fintech. Methods: The present article is of mixed type. In the qualitative part, by conducting 16 interviews with experts and in the quantitative part, by distributing questionnaires among 179 employees of Fintech start-up companies, members of the Fintech start-up business association, data were collected and analyzed using structural equation modelling. Findings: Individual factors, team factors, market-related factors, idea resources, infrastructure factors, policy - legal factors, networking, product/service characteristics, financial factors, knowledge and leadership factors were introduced as factors affecting innovation capacity. Market-related factors have the most significant impact, and idea sources have the most negligible impact on the innovation capacity of FinTech-based technology start-ups. Conclusion: Paying attention to the identified factors makes it possible to increase FinTech technology-based start-ups' innovation capacity and enable the success of ideas and their presence in the market.