The article is dedicated to analyzing trends in the development of startup infrastructure in Ukraine, Latvia and Georgia. The article is based on concrete data, a comprehensive analysis of statistical and qualitative data on the development of startups in Ukraine, Latvia and Georgia. This provides a reliable basis for the arguments and conclusions. General patterns of startup infrastructure development in the three countries were identified. A PEST analysis of startup infrastructure development in Ukraine, Latvia and Georgia was conducted. Thus, the authors conduct a multidisciplinary analysis that includes not only economic, but also social and technological aspects of startup ecosystems and infrastructures. Suggestions for improving the startup infrastructure in these countries were developed.

Absadze, R., & Burduli, V. (2019). Modern state and priorities for forming the national innovation system of Georgia. International Journal of New Economics and Social Sciences, 9(1), 11–28. https://doi.org/10.5604/01.3001.0013.3013

Antoniuk, D., & Antoniuk, K. (2023). Comparative analysis of startup ecosystems in the development models of Eastern European countries: experience for the post-war reconstruction of Ukraine. Management and Entrepreneurship: Trends of Development, 2(24), 59–69. https://doi.org/10.26661/2522-1566/2023-2/24-06

Baltgailis, J., & Simakhova, A. (2022). The Technological Innovations of Fintech Companies to Ensure the Stability of the Financial System in Pandemic Times. Marketing and Management of Innovations, 2(1), 55–65. Internet Archive. https://doi.org/10.21272/mmi.2022.2-05

Bikse, V., Lusena – Ezera, I., & Rivza, B. (2018). Innovative start-ups: challenges and development opportunities in Latvia. International Journal of Innovation Science, 10(2), 261–273. https://doi.org/10.1108/ijis-05-2017-0044

Choladze, D. (2024). Startup ecosystem summary. Available online: https://startupuniversal.com/country/georgia/ (accessed on 7 June 2024)

Dealroom. (2024). The State of Global VC. Available online: https://dealroom.co/guides/global (accessed on 1 August 2024)

Dorosh-Kizym, M., & Dorosh, M. (2022). Business-startups in Ukraine: current state and development prospects. Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies, 24(100), 3–9. https://doi.org/10.32718/nvlvet-e10001

Dorosh-Kizym, M., & Dorosh, M. (2022). Business-startups in Ukraine: current state and development prospects. Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies, 24(100), 3–9. https://doi.org/10.32718/nvlvet-e10001

Duma, O., & Zavtura, K. (2021). Startup ecosystem in Europe: best practices and lessons for Ukraine. Management and Entrepreneurship in Ukraine: The Stages of Formation and Problems of Development, 2021(1), 119–130. https://doi.org/10.23939/smeu2021.01.119

Fedorov, R. (2021). State and main directions of startup development in Ukraine. Efektyvna Ekonomika, 4. https://doi.org/10.32702/2307-2105-2021.4.200

IMF (2024). Real GDP growth. Available online: https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD (accessed on 1 August 2024)

Investinlatvia. (2024). Strong startup ecosystem. Available online: https://investinlatvia.org/en/why-latvia/reason/strong-startup-ecosystem#:~:text=At%20present%2C%20the%20Latvian%20startup,bustling%20calendar%20packed%20with%20engaging (accessed on 7 June 2024)

Ivanchenko, N. O., Podskrebko, O. S., & Sidletska, A. O. (2020). The Main Problems and Prospects for the Development of the Startup Market in Ukraine. Business Inform, 4(507), 303–311. https://doi.org/10.32983/2222-4459-2020-4-303-311

Liman K.A. (2024). Top 4 Startup Accelerators and Incubators in Georgia. Available online: https://www.xyzlab.com/post/startup-accelerators-incubators-georgia#google_vignette (accessed on 7 June 2024)

Lytvyn, I. (2019). Ecosystem of startap-enterpreneurship in Ukraine: history of creation and modern reality. Young Scientist, 1(65), 476–482. https://doi.org/10.32839/2304-5809/2019-1-65-110

Makasarashvili, T., Giguashvili, G., Orjonikidze, N. (2022). Development directions of the innovative startup ecosystem in post-pandemic Georgia. European science review: 54-57.

Menshikov, V., Ruza, O. (2024). The role of startups in enhancing the entrepreneurial potential of students: the Latvian experience. Daugavpils Universitātes

Murjikneli, S. (2022). Challenges and prospects of “Startup” companies’ development in Georgia. Scientific Collection “InterConf”, 138: 19-26.

Papiashvili, T., Ghlonti, G., & Koberidze, K. (2022). Modeling Information Support for Startup: Theoretical Aspect. European Journal of Business and Management Research, 7(2), 176–185. https://doi.org/10.24018/ejbmr.2022.7.2.1326

Papiashvili, T., Ghlonti, G., Koberidze, K. (2015). Is entrepreneurship education a gate to startups? A case study in Georgia. International Journal of Economics, Commerce and Management. 3(11): 276-284.

Potęa, D. (2022). Best startup accelerators and incubators in Latvia. Available online: https://www.vestbee.com/blog/articles/best-startup-accelerators-and-incubators-in-latvia?utm_source=fb&utm_medium=post&utm_campaign=acc+and+incubators+latvia&fbclid=IwAR2_o7tErJ0y_6nnZKkiuR1UilomC3EUpgPsAIVUOlWE8ExxbaMjbmbqMc8&_gl=1*485y17*_ga*NzQ3OTMzNDA5LjE3MTQ0MDI0NzM.*_ga_YR6J3S2374*MTcxNDQwMjQ3Mi4xLjAuMTcxNDQwMjQ3Mi4wLjAuMA. (accessed on 30 May 2024)

Proceedings of the International Scientific Conference “Social Sciences for Regional Development 2023”. (2023) (Latvian). Available online: https://du.lv/wp-content/uploads/2024/04/Krajums_Sociologija_2024.pdf (accessed on 31 May 2024).

Prohorovs, A., Bistrova, J., & Ten, D. (2018). Startup Success Factors in the Capital Attraction Stage: Founders’ Perspective. Journal of East-West Business, 25(1), 26–51. https://doi.org/10.1080/10669868.2018.1503211

Ratanova, I., & Voroncuka, I. (2021). The Aspects of Entrepreneurship and Innovation Development of SMEs. In: Proceedings of the International Conference on Industrial Engineering and Operations Management. https://doi.org/10.46254/an11.20210223

Rutitis, D., Volkova, T. (2019). Product development methods within the ICT industry of Latvia. Management. 34(1).

Simakhova, A. (2022). Post-War Socialization of the Economy: Ukrainian and European Security. Challenges to National Defence in Contemporary Geopolitical Situation, 2022(1), 71–75. https://doi.org/10.47459/cndcgs.2022.9

Skoryk, H., & Nedoshytko, A. (2021). Startup development in Ukraine: problems and prospects. Herald of khmelnytskyi national university, 300(6), 65–69. https://doi.org/10.31891/2307-5740-2021-300-6-11

Startupranking. (2024). Available online: https://www.startupranking.com/countries (accessed on 31 May 2024)

Vonoga, A. (2023). Analysis of the startup expert survey results in Latvia. Journal of Regional Economic and Social Development, 15, 85–94. https://doi.org/10.17770/jresd2023vol15.7341

Vonoga, A., Zvaigzne, A., & Cerpinska, A. (2023). The nature of startups: theoretical aspects and an analysis of a survey of population in Latvia. Economics, 38, 134–141. https://doi.org/10.22616/rrd.29.2023.019

Voronov, V. V., Menshikov, V. V., & Ruza, O. P. (2023). Artificial Intelligence: a catalyst for entrepreneurship education in the Baltics. Baltic Region, 15(3), 45–65. https://doi.org/10.5922/2079-8555-2023-3-3

WIPO. (2022). Global Innovation Index 2022. Available online: https://www.wipo.int/edocs/pubdocs/en/wipo-pub-2000-2022-en-main-report-global-innovation-index-2022-15th-edition.pdf (accessed on 1 August 2024).

World Bank. (2020). Secure Internet servers per 1 million people. Available online: https://data.worldbank.org/indicator/IT.NET.SECR.P6?view=chart (accessed on 1 August 2024).

World Bank. (2022). Hight-technology exports, % of manufactured exports. Available online: https://data.worldbank.org/indicator/TX.VAL.TECH.MF.ZS?view=chart (accessed on 1 August 2024).

Woszczyk, A. (2023). Best Startups Accelerators and Incubators in Ukraine. Available online: https://www.vestbee.com/blog/articles/best-startups-accelerators-and-incubators-in-ukraine (accessed on 31 May 2024).