Adaptive Methodologies for Tenders as a Thrust for Emerging Startups

Abstract

For startups, the pressure to market their goods and services is a constant problem. Whenever the tender is open, start-ups have a problem managing the limited resources and experience, where new enterprises may initially be ineligible for institutional equity investment. Therefore, for businesses in their early stages, raising finance is essential for both short- and long-term success. This research attempts to call attention to relevant gaps in the literature and reviews of the literature on startup funding sources by finding an alternative for the same through the tenders held at different government or private organizations. One of the important findings of this study is that the selection of appropriate tenders as per the requirements of startups must all be available on a consolidated platform for robust procurement. This study will add to the growing body of knowledge about the factors influencing investors' decisions and offer suggestions for analyzing funding sources using online tendering.