IT STARTUP AS A DRIVER OF THE INNOVATIVE ECONOMY

DOI: 10.31673/2415-8089.2025.030514

Abstract

The article examines the phenomenon of IT
startups as a driving force of the innovation economy, emphasizing their role in accelerating digital
transformation, shaping entrepreneurial ecosystems, and fostering global competitiveness. The
relevance of the topic stems from the rapid growth of information technologies, the increasing
importance of knowledge-intensive industries, and the rising demand for flexible business models that
can adapt to the dynamics of global markets. IT startups are understood not only as small, high-risk
ventures but also as dynamic organizational forms capable of integrating intellectual capital,
advanced technological solutions, and innovative approaches into coherent mechanisms of value
creation.
The paper highlights the issues under discussion, focusing on the theoretical foundations of IT
startup development, their economic and social significance, and the challenges of functioning in an
unstable market environment. Particular attention is devoted to the analysis of how IT startups
influence the formation of national and regional innovation ecosystems, facilitate knowledge transfer,
and stimulate entrepreneurial activity. It is argued that their contribution goes far beyond the
creation of new digital products and services, as they also transform management practices, redefine
consumer behavior, and promote new models of cooperation between businesses, research
institutions, and government.
The discussion touches upon the importance of investment support, the role of business
accelerators, and the necessity of building effective partnerships for the successful scaling of IT
startups. Moreover, the text stresses the need for regulatory frameworks that encourage
experimentation, reduce risks, and support international integration of innovative companies. The
study also points out that IT startups function as catalysts for structural changes in the economy,
enabling the transition from traditional industrial models to knowledge-driven and innovation-based
growth.
The originality of the presented approach lies in conceptualizing IT startups as systemic actors of
the innovation economy rather than isolated entrepreneurial initiatives. This perspective allows for
a deeper understanding of their multidimensional impact, including technological advancement,
labor market transformation, and the reinforcement of digital infrastructures. The paper opens up
new directions for further research, particularly regarding sustainable development strategies for
startups, integration into global digital value chains, and the development of policies that balance
entrepreneurial freedom with social responsibility.
Keywords: IT startup, innovation economy, digital transformation, entrepreneurship, business
ecosystem, investment.

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