Key Factors For Technology Innovation In Start-ups And Influence Mechanism Research

Due to lack of endowment factors,lack of industry experience,and high technical uncertainty,start-ups struggle in the early stages of development.Young start-ups can significantly increase their chances of survival if they succeed in technological innovation.Therefore,research on technology innovation for start-ups has practical significance.The empirical research on the key factors affecting the technological innovation activities of startups is very uneven.The past research mainly analyzed the current status and problems of start-up technology innovation from a single level.Generally speaking,a large number of previous scholars focused on enterprise-level factors,such as the size of the enterprise and cash flow,and ignored the theory of enterprise growth.The theory of resources and innovation network theory,and the uncertainty of the industry environment.When an innovation bottleneck is formed due to the lack of enterprise-level factors,the entrepreneur will make full use of the entrepreneurial spirit in the resource concept,which is viewed from the level of the founder team.At the beginning of the enterprise,most of the company's innovation and entrepreneurship activities were initiated in the form of a team.The scale and organizational structure are relatively simple,and the role of entrepreneurship is very obvious,such as the founder's basic and specific human capital or more complex human capital indicators(such as Founding team functions and professional background diversity),or some combination of founding team expertise(such as a combination of technical and marketing expertise).At the same time,companies will also seek external connections in the innovation network.Such as colleges and universities or research institutes,young startups can use it as an external knowledge inventory.Start-ups have a weak technical foundation and less knowledge accumulation,and a technology strategic system has yet to be established.Establishing technology alliances through cooperative relationships can absorb a large amount of advanced knowledge and technology from the outside.The environmental uncertainty in the external growth theory,especially the changes in the market environment and external technology,determines that the choice of innovation paths for enterprises under different environmental factors is different.Therefore,this paper establishes a cross-level integration research framework,and incorporates the founding team,enterprise-level and industry-level influence factors into this article for comprehensive consideration.Zhejiang Province,as one of China's more economically active regions,is very representative.This paper selects the start-up companies in Hangzhou and Anji as samples,uses questionnaire data and mathematical statistics to empirically analyze the relationship between the founder team level,enterprise level,industry level and startup innovation.The SEM mechanism equation model is established.The results show:(1)The endowment characteristics of the founder team are the most important influencing factors.The survival and innovation of start-ups are based on the endowments of the founder team and their utilization,and the heterogeneous structure of the founder team is a key factor that positively affects innovation performance.(2)The technological innovation of start-ups depends on the path of internal and external integration,of which external innovation linkage,technical cooperation and knowledge acquisition are very important.This includes two aspects,one is external technology R & D cooperation and knowledge transfer,and the other is government innovation and resource policy support.(3)Multi-level factor integration plays an important role in the innovation performance of the enterprise.Based on the analysis of the multi-level factor fusion perspective,the research identifies the cross-level factor combinations that have a positive effect on the enterprise's technological innovation,including technology-type factor combinations and resource experience-type factors Portfolio and human capital-type factor portfolio.Based on this,the research identifies the main problems in the initial development of startups' innovation and entrepreneurship,and proposes countermeasures for the sustainable development of startups and improvement of innovation performance.