Conceptual Model for Digital Startup Policy to Accelerate the Success Rate in Indonesia

Sonny Hendra Sudaryana (), Budisantoso Wirjodirdjo and Agus Windharto
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Sonny Hendra Sudaryana: Institut Teknologi Sepuluh Nopember (ITS)
Budisantoso Wirjodirdjo: Institut Teknologi Sepuluh Nopember (ITS)
Agus Windharto: Institut Teknologi Sepuluh Nopember (ITS)

A chapter in Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), 2024, pp 396-401 from Springer

Abstract: Abstract Indonesia is currently one of the top five countries with the highest number of digital startups and increasing company valuations. The digital economy is largely driven by the startup ecosystem, which contributed approximately 5.7% in 2021 and is projected to reach 18% in 2030. However, the success rate of digital startups in Indonesia is low, accounting for only 1% to 5%. Therefore, there is a pressing need to increase the success rate of digital startups to spur economic growth through government policies and interventions. This research aims to develop a conceptual model for digital startup policy to enhance the success rate. This study will employ a systematic literature review (SLR) and in-depth interviews for secondary and primary data analysis, respectively. The conceptual model will be based on the factors that influence the success of digital startups in Indonesia and will consider the different stages of the digital startup life cycle (seed stage, early stage, growth stage, and expansion stage) and the three levels of analysis (micro, meso, and macro).

Keywords: Conceptual Model; Digital Startup Success Rate; Digital Startup Policy (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-443-3_52

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