The influence of the political-legal environment on the innovation value chain of the startup ecosystem in the state of Minas Gerais: the view of technology company managers

Abstract

Startups are companies that aim at disrupting and breaking paradigms and play an important role in the country's development process. In this context, it is noted that the Political-Legal Environment presents itself as a set of factors with great potential to affect the innovative initiatives and the entire ecosystem that involves these companies and, consequently, their Innovation Value Chain. This paper aims to analyze the influence that the Political-Legal Environment has on the Innovation Value Chain of the Startup Ecosystem of the state of Minas Gerais, after the decree of Law 12.846/2013 (Anti-Corruption Law), according to the view of technology company managers. In order to achieve the proposed objective, an exploratory research with a quantitative approach was performed, using a structured questionnaire as data collection instruments. The confirmatory factor analysis technique was used to test the hypotheses proposed. The survey results showed that the Legal Environment has a significant and positive influence on the Innovation Value Chain of the Minas Gerais Startup Ecosystem and that the Anti-Corruption Law has a significant influence on the relationship between the Legal Environment x the Value Chain of Innovation. The Political Environment does not have a significant and positive influence on the Innovation Value Chain of the Minas Gerais Startup Ecosystem and the Anti-Corruption Law does not have a significant influence on the Political Environment x Innovation Value Chain relationship.