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Vol. 14 No. 1 (2024)
Enero-Junio

Articles

Key factors for Startups in Colombia and emerging economies

https://doi.org/10.19053/uptc.20278306.v14.n1.2024.17536

Published 2024-01-15

  • Lucía Palacios-Moya
    • ,
  • Maria Camila Bermeo-Giraldo
    • ,
  • Johana Andrea Muñoz-Velásquez
    • ,
  • Julena Mileidy Mazo-Ceballos
    • ,
  • Lemy Bran-Piedrahita

Lucía Palacios-Moya
Institución Universitaria Escolme, Medellín, Colombia image/svg+xml

Maria Camila Bermeo-Giraldo
Institución Universitaria Escolme, Medellín, Colombia image/svg+xml

Johana Andrea Muñoz-Velásquez
Institución Universitaria Escolme, Medellín, Colombia image/svg+xml

Julena Mileidy Mazo-Ceballos
Institución Universitaria Escolme, Medellín, Colombia image/svg+xml

Lemy Bran-Piedrahita
Corporación Universitaria Americana, Medellín, Colombia image/svg+xml

Abstract

This research seeks to identify the factors that influence the creation of Startups with high growth potential in a developing economy. A qualitative approach with an exploratory-descriptive scope was followed, conducting 25 semi-structured interviews with members of entrepreneurship units in the city of Medellín, Colombia. The results indicate that the internal factors that most influence the creation of Startups with growth potential are: the profile of the entrepreneur, his work team and knowledge of the market. External factors correspond to economic aspects and capacity of the entrepreneurship ecosystem, such as: financial leverage, risk capital, financing, loans and calls. It concludes with the need for venture capital financing, specialized advice, and effective collaboration between universities, companies and the State to promote the strengthening of startups and contribute to the economic development of the country.

Keywords

startups, high-growth startups, pre-qualification, entrepreneurship

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Author Biography

Lucía Palacios-Moya

Administradora en Salud, Magíster en Salud Pública, estudiante de Doctorado en Administración

Maria Camila Bermeo-Giraldo

Ingeniera Industrial, Magíster en Ingeniería Administrativa

Johana Andrea Muñoz-Velásquez

Administradora de Empresas

Julena Mileidy Mazo-Ceballos

Tecnóloga en Gestión de Mercadeo

Lemy Bran-Piedrahita

Administradora en Salud, Magíster en Gobierno y Políticas Públicas, estudiante de doctorado en estudios políticos y jurídicos

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