Take a look at the first part of the article and you will learn more about the impact of startups on the Polish economy.
Read Impact of Startups on Poland’s Economy Part 1
Impact of startups on Polish economy – contribution to public finances
By paying taxes, startups have an impact on public finances. This influence increases accordingly with the growth of the venture. Startups, just like other companies, pay part of the taxes to the central budget. In turn, another part to the budgets of local government units in which they operate. In this way they contribute to the financing of budgetary tasks (such as public education or health care) at both national and regional levels.
Positive externalities of innovation
In startups, innovative solutions are created which are then used by other companies. Additionally, they can become the basis for the next generation of products and services. If the solutions created by startups are protected, e.g. by patents, they still generate a positive and promising direction for other companies. The intensive research and development activity of startups enriches and expands the publicly available pool of knowledge. Besides, popular in the startup environment culture of knowledge sharing accelerates these processes and allows a larger group of people and institutions to join.
Impact of startups on the Polish economy – Impact of services and products created by startups
Innovative solutions that are created in startups affect the quality of life of people. Some of them enable innovative diagnoses, while others save lives. There are also those that contribute to improving the environment. The improvements offered allow for time savings as well as financial savings. Some of them increase the comfort of life, also open new channels of communication and increase access to various forms of entertainment. These qualitative, difficult to quantify effects also account for the significant impact of startups on socio-economic reality.
Expansion of social capital
The nature of startups forces the ability to establish relationships, cooperation and also trust. These competencies are necessary to build a well-functioning team or raise funding. People involved in a startup should therefore develop them in order for their company to progress through the stages of growth. In this way, the startup community contributes to the spread of attitudes and behaviors that are manifestations of high social capital.
