Small Business Economics

, Volume 47, Issue 2, pp 277–291 | Cite as

To be born is not enough: the key role of innovative start-ups

  • Alessandra Colombelli
  • Jackie Krafft
  • Marco Vivarelli
Article

Abstract

This paper investigates the reasons why entry per se is not necessarily good and the evidence showing that innovative start-ups survive longer than their non-innovative counterparts. In this framework, our own empirical analysis shows that greater survival is achieved when start-ups engage successfully in both product innovation and process innovation, with a key role of the latter. Moreover, this study goes beyond a purely microeconomic perspective and discusses the key role of the environment within which innovative entries occur. What shown and discussed in this contribution strongly supports the proposal that the creation and survival of innovative start-ups should become one qualifying point of the economic policy agenda.

Keywords

Innovation Start-ups Survival Product innovation Process innovation 

JEL Classifications

L26 O33 

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Copyright information

© Springer Science+Business Media New York 2016

Authors and Affiliations

  • Alessandra Colombelli
    • 1
    • 2
  • Jackie Krafft
    • 3
  • Marco Vivarelli
    • 4
    • 5
  1. 1.Politecnico di TorinoTurinItaly
  2. 2.BRICK Collegio Carlo AlbertoTurinItaly
  3. 3.CNRS-GREDEGUniversity of Nice Sophia AntipolisNiceFrance
  4. 4.Università Cattolica del Sacro CuoreMilanItaly
  5. 5.Institute for the Study of Labor (IZA)BonnGermany

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