"Strategic Budget Planning and Reporting Process in Innovative Start-ups: The D-Air Lab Case"

Abstract

In today's economic landscape of rapid technological change and unwavering will to innovate, innovative start-ups represent the beating heart of a new entrepreneurial era. These young companies, driven by fervent creativity and a passion for innovation, have become a beacon of hope for economic innovation, growth and digital transformation. However, the path to success for these start-ups is a path studded with challenges and opportunities, and their success depends on a myriad of factors, including effective financial management. Financial management is critical for any business, but it is particularly crucial for innovative start-ups. These companies often operate in highly competitive industries, where the need for strategic budget planning and an effective financial reporting process is critical. However, while innovation is at the core of their activities, financial management can be a complex hurdle to overcome. This thesis aims to explore in depth the strategic budget planning and financial reporting process within innovative start-ups. Through an in-depth case study, we will dive into the financial ecosystem of a start-up, examining the challenges it faces, the solutions it adopts, and the lessons learned as it grows. Our goal is to provide a comprehensive picture of how innovative start-ups approach financial management, not only to survive, but to thrive in an unstable business environment.