Modeling Factors Affecting Startups Financing Using DEMATEL Technique

If we know startups as a mechanism for finding superior ideas, an important factor for entering innovation is finding an investor for superior ideas. Hence, the purpose of this research is to identify and prioritize and determine the Cause-and-Effect Relationship between the factors affecting start-up financing. In this regard, the decision group, include managers and experts involved in Startups establishment, knowledge-based companies, as well as present companies in Golestan province’s science and technology parks، which includes 30 people. Factors affecting the financing of startups, at first six components with sub-criteria have been identified and extracted by the Fuzzy Delphi Technique. In the following, in addition to prioritizing between components, the Cause-and-Effect Relationship between the main components, that are effective in financing startups, has been determined using DEMATEL Tecnichue. Finally, of the six main components in financing these firms, FOUR present risk factors in the idea, the market characteristic, the feature of idea and the financial characteristic have been identified as the cause and two factors of the legal characteristic and features of the infrastructure along with the subset of each of them, have been identified as an effect in Startup financing, respectively.these factors is very vital for investors startups.