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RESEARCH PRODUCT

Key Influencing Factors in Early-Stage Hardware Startups: A Trilateral Model of Speed, Resource, and Quality

Anh Nguyen-ducIlias O. PappasIlias O. PappasLetizia JaccheriKhan KhalidJørgen BirkelandVebjørn Berg

subject

Matching (statistics)business.industryComputer sciencemedia_common.quotation_subjectSoftware developmentResource (project management)SoftwareNew product developmentKey (cryptography)Quality (business)businessWearable technologyComputer hardwaremedia_common

description

Hardware startups, i.e., wearable devices, robotics, and Internet of Things, are a significant sector of technology startups, in which software development is relevant and needed. Compared to pure software startups, hardware development in startup contexts lacks a systematic approach and guidelines. This chapter describes an empirical model that captures common elements in product development approaches among many hardware startups. Grounded from insights of 18 active hardware startups, we constructed a trilateral model of resource, speed, and quality in early-stage product development. For startups with relevant contexts, the work suggests the preparation of internal, external resources, and good practices of prototyping and matching prototypes to business activities.

https://doi.org/10.1007/978-3-030-35983-6_17