Research Article
Technology-Based Startups Fail to Face The Impact of Covid-19
@INPROCEEDINGS{10.4108/eai.14-9-2020.2304533, author={Aldrich Ilyas and Suryo Hadiyono and Amir Hamzah and Rizq Atika Maso}, title={Technology-Based Startups Fail to Face The Impact of Covid-19}, proceedings={Proceedings of the 1st International Conference on Sustainable Management and Innovation, ICoSMI 2020, 14-16 September 2020, Bogor, West Java, Indonesia}, publisher={EAI}, proceedings_a={ICOSMI}, year={2021}, month={5}, keywords={business incubator startup based on technology ppbt covid-19 pandemic}, doi={10.4108/eai.14-9-2020.2304533} }- Aldrich Ilyas
Suryo Hadiyono
Amir Hamzah
Rizq Atika Maso
Year: 2021
Technology-Based Startups Fail to Face The Impact of Covid-19
ICOSMI
EAI
DOI: 10.4108/eai.14-9-2020.2304533
Abstract
Covid-19 pandemic give out impact on health, economy, social and politic field in all country around the world including Indonesia at this time. In economics field, many business sector faced deceleration due Covid-19 viruses. Startup based on technology (PPBT) is one entity of the businesses affected Covid-19 on economic fields. This study aims to determine Covid-19 pandemic to PPBT sustainability and cause of their failure. This type of research is descriptive, data collection methods using open questionnaire. The number of respondent was 151 startup based on technology result of incubation from incorporated business incubator in Indonesian Business Incubator Association (AIBI). The value rate of discontinue startup based on technology in the Energy field 57%, Manufacture 29%, Transportation 25%. The most problem faced PPBT during pandemic is declining sales, impeded production process, impeded product distribution, difficulty in obtaining raw materials. The conclusion of this study is that PPBT in faced Covid-19 pandemic to experience failure potentially if they are not resolve the main problems that is declining sales, impeded production process, and impeded product distribution. Furthermore, the data from this research used to policy analyzing and business management strategies for startup based on technology to give enhancement and business development sustainability well.
