Economic impact of startup support programs

How to Measure the Economic Impact of Startup Support Programs: A Methodological Approach

Entrepreneurship is positively associated with economic growth. In 1979 the relaxation of investment rules for U.S. pension funds led to historically large inflows (3% of GDP) to the venture capital asset class. As a result, many forward-looking tech companies were funded. Today, their revenue is equivalent to one-fifth of the country‚Äôs GDP. The importance of entrepreneurship…