French technology start-ups: how and why are they succeeding? Online publication date: Wed, 15-Mar-2017
by Diane Saty Kouamé; Silvester Ivanaj
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 30, No. 4, 2017
Abstract: In this paper, we explore the conditions in which technology start-ups in France can be successful. We collected data from 467 French technology start-ups. Based on the most significant criteria of success from literature, in terms of economic and financial performance, we perform a cluster analysis for identifying successful businesses and a binomial regression model to determine the success or failure factors, relating to venture capital funding and the attributes of the technology start-up. We found that successful French technology start-ups succeed in terms of economic performance, job creation, major investments, operating in the international market, developing additional export-facing strategies and using venture capital financing. Our findings provide support for the applicability of the financing decisions to enable success of high technologies start-ups in the France, especially the venture capital resources.
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