E3S Web Conf.
Volume 105, 2019IVth International Innovative Mining Symposium
|Number of page(s)||6|
|Section||Mining Regions’ Sustainable Development|
|Published online||21 June 2019|
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: firstname.lastname@example.org
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.
© The Authors, published by EDP Sciences, 2019
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0 (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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