A tech startup is a company whose purpose is to bring technology products or services to market. These companies deliver new technology products or services or provide existing technology products or services in new ways.
According to Wikipedia, a startup company is: “A startup company, or startup, is an entity in the form of a corporation, partnership, or temporary organization that is designed to seek a repeatable and scalable business model.These companies, which are generally newly formed are in a phase of developing and exploring markets.
The term became popular internationally during the dot-com bubble, when a variety of dot-com companies were formed.
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With this in mind, many startups only consider them as technology companies, but as technology becomes a normal factor, the essence of startups has more to do with innovation ability, scalability and growth.”
Tech startups need skilled talent. Because of their digital nature, startups need people with expertise in science, technology, engineering, and mathematics (STEM). Talent acquisition is a key challenge for start-ups, which is why governments must provide educational opportunities to generate a stream of qualified graduates.
The limitations are not just on the supply side. Strict immigration regulations, fierce competition for talent with big companies, and the high cost of living in tech hubs are also issues that arise. Innovative policies that make it easier for tech startups to attract talent — such as relaxed immigration laws and favorable tax treatment for employee benefits — are creative ways to create a conducive startup ecosystem.
