QUANTITATIVE STUDY AND MATHEMATICAL MODELS ON THE SYNERGY BETWEEN EUROPEAN GRANT FUNDED START-UPS AND RESEARCH INFRASTRUCTURES
Abstract
The study focuses on the efficiency of the current financial management applicable to start-ups financed by European funds, in the context of policies at the European level, which aims to transition from the traditional economic model (linear economy) to a circular economy. This transition requires, first of all, the establishment of stable and long-lasting links between young entrepreneurs and research institutes. The obtained results provided us with a fairly broad framework from which we were able to build a mathematical model that realizes the synergy between the business environment financed by non-reimbursable funds and the research infrastructures that can offer entrepreneurs innovative solutions through which the transition to a circular economy. The result of the research, and implicitly the proposed mathematical model, can represent the starting point for the institutions that finance start-ups in terms of sustainable economic development both at the entrepreneurial level and especially at the national and international economic level
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