Startups: The essence and features of formation on the example of foreign experience

AbstractThis article examines the content, essence, role of startup projects in the development of an innovative economy. The study also analyzes the conditions for the formation and development of startup on the example of developed and developing countries. As the authors of the report note, the difference between the most innovative companies and the companies lagging behind in this aspect lies in the degree of activity of searching for developments from third parties. In other words, a startup is a business, but not every business can be recognized as a startup. A business, as a rule, uses a ready-made business model, receives loans for the implementation of an entrepreneurial idea with subsequent payment of interest.

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