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Factors Influencing Tech-Focused Government Agency in Funding Tech Start-ups: The Evidence from Thailand

Author

Listed:
  • Amnard Taweesangrungroj

    (Technopreneurship and Innovation Management, Chulalongkorn University, Thailand)

  • Roongkiat Ratanabanchuen

    (#x2020;Department of Banking and Finance, Chulalongkorn Business School, Chulalongkorn University, Thailand)

  • Sukree Sinthupinyo

    (#x2021;Department of Computer Engineering, Chulalongkorn University, Thailand)

Abstract

This study aims to analyze factors that influence tech-focused government agencies’ decision-making process to evaluate tech start-ups for supporting funds. The conceptual framework was based on qualitative research principles from in-depth interviews with seven tech-focused government agencies and confirmed the factors used in their decision-making processes. It was confirmed that the main factors consist of entrepreneurship characteristics, product/service characteristics, market characteristics, financial consideration, and capability of the management team. Furthermore, our findings revealed additional factors that influence tech-focused government agencies’ decision-making process, namely technology and innovation, business potential, and personnel and team.

Suggested Citation

  • Amnard Taweesangrungroj & Roongkiat Ratanabanchuen & Sukree Sinthupinyo, 2021. "Factors Influencing Tech-Focused Government Agency in Funding Tech Start-ups: The Evidence from Thailand," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 18(05), pages 1-20, August.
    • Handle: RePEc:wsi:ijitmx:v:18:y:2021:i:05:n:s0219877021500279
    DOI: 10.1142/S0219877021500279
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