When asked about the reasons for engaging in international activities, almost two third of the start-ups named growth and expansion objectives as the most important motive for internationalisation. It is striking that it is especially the British businesses that prove growth-oriented. Furthermore, it is surprising that only few innovative start-ups expand abroad for the purpose of covering the high product development costs common in the high-tech sector.
Lack of time on the part of the management proves to be a major problem when trying to enter the foreign market. Additional costs and high risks in foreign business were named as further obstacles. By contrast, lack of experience is barely a problem when trying to engage in international activities. The ZEW study basically stresses the importance of an early internationalisation for high-tech start-ups.