| REZUMAT: |
Within the pages of this book, we have proffered a plethora of definitional constructs for the term “start-up.” Among these, one noteworthy definition, provided by the North-East Regional Development Agency, posits that a start-up may be encapsulated as “an independent organization (legal entity or not, depending on development phase), which has (or is in search of) a scalable business model, the capacity to disrupt and innovate, is developed under conditions of uncertainty, and requires funding for high and rapid growth. Startups are considered a specialist subset of SMEs” (RoStartup, 2021). |
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