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Factors determining follow-up success for startups receiving TOP loan funding

Amelsvoort, W.M. van (2024) Factors determining follow-up success for startups receiving TOP loan funding.

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Abstract:Fundraising is a crucial step in startup survival, which leads to considerable time being spent on it. Especially in the early stages of a startup’s life it is harder for a startup to receive funds. This is where the TOP loan from the University of Twente can come in handy. This is a €40,000 loan under terms more agreeable for startups, compared to loans from commercial institutions. There is ample research on startup financing in all stages of the startup life-cycle, but most research on specifically the TOP loan is primarily done for marketing purposes. This paper aims to answer what factors in the TOP loan assessment are related to forms of success after being granted the TOP loan. The methodology to achieve this consists of a combination of unstructured literature review, expert interviews and data analysis of assessment scorecards from companies which have received the loan. The results show the factors which influence VC (Venture Capitalist) decision making and follow-up success. It also shows the effectiveness of the TOP loan assessment in measuring investor readiness, and what specific factors influence employee count, follow-up funding and survival rates. These results can be useful for the administrators of the TOP loan, Novel-T, to gain insights on the TOP loan and for startups to better understand how to receive the TOP loan and how to use it as a foundation for future success.
Item Type:Essay (Bachelor)
Faculty:EEMCS: Electrical Engineering, Mathematics and Computer Science
Programme:Business & IT BSc (56066)
Link to this item:https://purl.utwente.nl/essays/101246
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