Innovation Policy and High Growth Startups
Chua Bee-Leng
2006
Entrepreneurship brings growth, employment and flexibility to economies, yet the mechanisms are not well understood. Governments frequently set policies to stimulate entrepreneurship but those policies vary and their effectiveness is in dispute. In particular, not all entrepreneurship is of equal value: only a small fraction of entrepreneurs make a substantial impact on the economy. While the stories of highly successful entrepreneurs are well known, the conditions that stimulate high-growth entrepreneurship in general are not. This study seeks to add to our understanding of the government’s policies intended to stimulate high growth entrepreneurship in Hong Kong by comparing them with the situation elsewhere in the world.