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Beyond Finance: Enhancing Support for New Technology Start-up Founders

Abstract

The article addresses a gap in the literature by examining the stressors and challenges specific to new technology start-up founders, an under-researched group of entrepreneurs operating at the intersection of innovation and business. The study’s novelty lies in applying the Job Demands-Resources (JD-R) model to the venture capitalist-founder relationship, highlighting the importance of balancing high job demands with adequate resources to enhance entrepreneurial well-being and success. Using a qualitative research design, the conducted study involved semi-structured interviews with 22 technology start-up founders across Europe to explore their unique challenges, demands, and support needs. The data were analyzed using template analysis, revealing three core challenges: managing the development of their technology-driven companies, maintaining mental and physical health, and achieving work-life balance. Based on these findings, the authors propose a novel, tailored support system for technology founders, incorporating mentorship, mental health resources, and strategies for maintaining work-life balance. This system is designed to meet the unique needs of technology entrepreneurs, with a focus on confidentiality, proven effectiveness, and flexibility. Venture capitalists are encouraged to implement such systems to alleviate the pressures on technology start-up founders and foster the sustainability and success of their ventures.

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Details

Category:
Articles
Type:
artykuły w czasopismach
Published in:
IEEE Access no. 13, pages 20620 - 20632,
ISSN: 2169-3536
Language:
English
Publication year:
2025
Bibliographic description:
Ziemiański P., Stankiewicz K., Wyrwiński J., Retowski S., Lipnicki B.: Beyond Finance: Enhancing Support for New Technology Start-up Founders// IEEE Access -,iss. Vol. 13 (2025), s.20620-20632
DOI:
Digital Object Identifier (open in new tab) 10.1109/access.2025.3534716
Sources of funding:
  • Statutory activity/subsidy
Verified by:
Gdańsk University of Technology

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