مجلة إقتصاد المال والأعمال
Volume 11, Numéro 1, Pages 843-864
2026-05-31

Financing And Strategic Challenges In The Growth Of Artificial Intelligence Startups

Authors : Zouaouid Lazhari .

Abstract

This study examines financing mechanisms for artificial intelligence startups, emphasizing venture capital, angel investment, government grants, and crowdfunding. Using a descriptive–analytical approach, it reviews the literature and draws on the cases of PathAI and UiPath to assess how funding sources shape growth and sustainability in competitive markets. The findings show that venture capital delivers significant resources and strategic backing, while grants and crowdfunding reduce equity pressure. However, startups remain constrained by fierce competition, rapid scaling demands, and complex financing arrangements. The study highlights the need for clear differentiation, balanced ownership structures, strong investor partnerships, and greater reliance on grants, especially in socially and environmentally driven sectors.

Keywords

Venture Capital; Government Grants; Risk Capital; AI Startups; Competitive Differentiation