Start-ups as an Element Supporting the Development of the Mining and Energy Sector

Bronislaw Markiewicz State Higher School of Technology and Economics in Jaroslaw, Czarnieckiego St., 16, 37-500 Jaroslaw, Poland

^* Corresponding author: ryszard.pukala@interia.pl

Abstract

This study aims at presenting opportunities offered to the mining and energy industry by the emergence and operation of high-risk enterprises – start-ups. Moreover, it analyses interrelations between the developmental status of such entities and their lifespan. We need to stress that start-ups are mostly associated with modern technologies that are used and implemented in various sectors of the economy. Therefore, they are classified as innovative and innovation-implementing enterprises, which gives them a chance to gain market success and competitive advantage. As shown by conducted analyses, start-ups can be an efficient element that supports the development of mining and energy enterprises. At the same time, again on the basis of analyses, start-ups, quickly developing and maturing as well as seeking their own business model, exhibit the largest risk of losing financial liquidity.