Development and implementation of startup projects: key features in the modern economy

Authors

  • Li Xiaoao Al farabi Kazakh National university, Al Farabi business school, DBA, 3rd year Doctoral Student
  • Doszhan Raigul PhD, Al-Farabi Kazakh National University

Abstract

Startups are necessary to stimulate innovation and open new markets in the modern economy. This article discusses the idea of a startup project, how it is developed and implemented, what are the key obstacles and how to overcome them for successful launch and scaling. It is important to remember that startups can succeed in a variety of business areas and are not limited to the IT sector. In order to promote innovation and development of start-ups in the modern economy, special attention is paid to the importance of state support, education and financial systems.

In the modern economy, startups play a key role in stimulating innovation, creating new markets and increasing high competitiveness. Every year there is a significant increase in knowledge, technology and scientific discoveries compared to previous years, as scientific and technological progress continues to accelerate. Most of these discoveries can potentially be very profitable, as they improve people's lives. Nevertheless, the creation and implementation of start-up initiatives is a complex process with many moving parts, which requires a deep understanding of industry trends, advanced technologies and strategic planning. This article presents the concept of "start-up project" as a set of measures carried out by a certain independent group of performers aimed at achieving a certain result using new technologies, knowledge and equipment. The main aspects of the development and implementation of start-up projects in the modern economy will also be considered, key challenges will also be identified and practical recommendations for the successful launch and scaling of the startup will be proposed.

Published

2025-09-01

How to Cite

Li Xiaoao, & Doszhan Raigul. (2025). Development and implementation of startup projects: key features in the modern economy . Research Retrieval and Academic Letters, (10). Retrieved from https://ojs.publisher.agency/index.php/RRAL/article/view/6735