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Readiness Assessment for IDE Startups: A Pathway toward Sustainable Growth

Author

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  • Nathasit Gerdsri

    (College of Management, Mahidol University, Bangkok 10400, Thailand)

  • Nisit Manotungvorapun

    (School of Business Administration, Bangkok University, Bangkok 10110, Thailand)

Abstract

Innovation-driven enterprises (IDEs) steer their businesses with ideas, technology, and innovation. However, many of them have limited resources, capabilities, and readiness to turn their valuable creativity into marketable products. For IDE startups to survive and achieve sustainable growth, they must seek financial and other, non-pecuniary support from governmental agencies and large corporate venture capitalists. Usually, governments and large firms need to determine the readiness level (RL) of IDE startups, in order to set up proper strategies for resource allocation, resource prioritization, and collaborative R&D to support startups. In addition, IDE startups themselves also need to perform self-assessment of their readiness level to identify rooms for improvement. This research addresses the significance of IDE readiness assessment. An assessment framework, connecting four dimensions, specifically technology, manufacturing, business, and commerce, is proposed, and three case examples are presented to demonstrate the application of the proposed framework.

Suggested Citation

  • Nathasit Gerdsri & Nisit Manotungvorapun, 2021. "Readiness Assessment for IDE Startups: A Pathway toward Sustainable Growth," Sustainability, MDPI, vol. 13(24), pages 1-17, December.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:24:p:13687-:d:700021
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    References listed on IDEAS

    as
    1. Nathasit Gerdsri & Boonkiart Iewwongcharoen & Kittichai Rajchamaha & Nisit Manotungvorapun & Jakapong Pongthanaisawan & Watcharin Witthayaweerasak, 2021. "Capability Assessment toward Sustainable Development of Business Incubators: Framework and Experience Sharing," Sustainability, MDPI, vol. 13(9), pages 1-20, April.
    2. Li He & Yang Cheng & Xuejie Su, 2020. "Research on the Sustainability of the Enterprise Business Ecosystem from the Perspective of Boundary: The China Case," Sustainability, MDPI, vol. 12(16), pages 1-16, August.
    3. Haruo Awano & Masaharu Tsujimoto, 2021. "The Mechanisms for Business Ecosystem Members to Capture Part of a Business Ecosystem’s Joint Created Value," Sustainability, MDPI, vol. 13(8), pages 1-20, April.
    4. Nisit Manotungvorapun & Nathasit Gerdsri, 2021. "Positioning academic partners to align with proper modes of university-industry collaboration," International Journal of Business Innovation and Research, Inderscience Enterprises Ltd, vol. 24(2), pages 261-296.
    5. Nathasit Gerdsri & Alisa Kongthon & Sudatip Puengrusme, 2017. "Profiling the Research Landscape in Emerging Areas Using Bibliometrics and Text Mining: A Case Study of Biomedical Engineering (BME) in Thailand," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 14(02), pages 1-15, April.
    6. Patarapong Intarakumnerd & Nathasit Gerdsri, 2014. "Implications of Technology Management and Policy on the Development of a Sectoral Innovation System: Lessons Learned Through the Evolution of Thai Automotive Sector," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 1-19.
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    Cited by:

    1. Michał Bańka & Mariusz Salwin & Maria Kukurba & Szymon Rychlik & Joanna Kłos & Monika Sychowicz, 2022. "Start-Up Accelerators and Their Impact on Sustainability: Literature Analysis and Case Studies from the Energy Sector," Sustainability, MDPI, vol. 14(20), pages 1-30, October.

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