Factors Influencing Tech-Focused Government Agency in Funding Tech Start-ups: The Evidence from Thailand

Amnard Taweesangrungroj, Roongkiat Ratanabanchuen () and Sukree Sinthupinyo ()
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Amnard Taweesangrungroj: Technopreneurship and Innovation Management, Chulalongkorn University, Thailand
Roongkiat Ratanabanchuen: #x2020;Department of Banking and Finance, Chulalongkorn Business School, Chulalongkorn University, Thailand
Sukree Sinthupinyo: #x2021;Department of Computer Engineering, Chulalongkorn University, Thailand

International Journal of Innovation and Technology Management (IJITM), 2021, vol. 18, issue 05, 1-20

Abstract: This study aims to analyze factors that influence tech-focused government agencies’ decision-making process to evaluate tech start-ups for supporting funds. The conceptual framework was based on qualitative research principles from in-depth interviews with seven tech-focused government agencies and confirmed the factors used in their decision-making processes. It was confirmed that the main factors consist of entrepreneurship characteristics, product/service characteristics, market characteristics, financial consideration, and capability of the management team. Furthermore, our findings revealed additional factors that influence tech-focused government agencies’ decision-making process, namely technology and innovation, business potential, and personnel and team.

Keywords: Government agency support; decision-making process; start-up firms; start-up fundraising (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S0219877021500279

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