Factor Analysis of scientists’ start-up stage

Author(s): Xi Feng-ru, Kong Henan, Li Tianzhu

This paper adopts the method of case study to deeply analyze the evolution process and key factors of the scientists venture in China, and explore the key factors in the process of technology innovation and entrepreneurship. Studies have shown that scientists becoming entrepreneurs is a new way of entrepreneurship of emerging industry in China. The venture factors displayed at the different stages of scientists’ start-up are the key to entrepreneurship success, according to the typical enterprise of scientists venture, in this paper the enterprise growth process is divided into creative stage, starting stage, growth stage and prosperity stage, from which the elements scientists should have in every startup stage are abstracted: talent resources, science and technology resources, pioneering consciousness, pioneering spirit, following the business policy environment, looking for entrepreneurial opportunities, establishing patent strategy and business model, etc. Through factor analysis, this paper is expected to provide helpful enlightenment for the success of scientists’ start-up.

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