Boosting Effect of Startup Ecosystems through Next Generation Digital Technologies in Hungary

Abstract

In time of crisis, developing Next Generation Digital Technologies in the innovation network, with special attention to startup companies, can be a key to economic thrive. This paper reviews the current and emerging technological trends and how they are connected to the hype surrounding startup companies and their ecosystem, with particular attention to the role of the state. The analyses use Ramstad’s Expanded Triple Helix Model as a framework but with opening its workplace dimensions to subgroups.In Hungary, digital or technology-led startups are relevant in their numerical and economic volume. Narrowing them further down to artificial intelligence-based companies, one can see that innovation-led cooperations are already state facilitated and could cover every aspect of the ecosystem model. Analysing its operation could lead to good practices for further usage in other technological fields. On the other hand, further qualitative research on their innovation partnership should be conducted to avoid any bias.