Entrepreneurship Ecosystem
Abstract: Entrepreneurship plays a critical role in the growth and development of national economies. This study looks at two highly developing countries, the India and Mexico, and compares entrepreneurial ecosystem activity in both countries. Mainly six characteristics are analyzed which contribute to the differences that impact entrepreneurial ecosystem. These include culture, finance, R & D transfer, business support, policy, Human capital, infrastructure and markets. For the analysis of data descriptive statistics, SPSS tools are used in the current study to generate results for interpretation
Keywords: Entrepreneur Ecosystem, India, Mexico, Comparative between India and Mexico
INTRODUCTION: During the past centuries, entrepreneurship
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There is a deficiency of sufficient debt, equity and venture capital funding, government subsidies and funding available through government agencies. India ranks 11th among the G20 countries in access to funding category.
Government Policy:
In Mexico the tax system is complex, and takes more out of the scarce entrepreneurs’ time than the rest of their Latam peers in the G20. Also, hiring is a risky business, since the cost of letting go employees is among the most expensive
INADEM is a government organisation in Mexico they are conducting so many promotional activities for encouraging the entrepreneurs. Additionally government participation activities are the National Entrepreneurs Award, the annually impart the National Entrepreneur Week, with hundreds of workshops, conferences, and thousands of
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According to Working Group on science and technology for small and medium scale enterprises for the Eleventh Five Year Plan (2007-2012)12 recommends that a total of 170 Technology Business Incubators and 50 Technology Innovation Centres should be set up with a total outlay of Rs. 1100 Crore.Recently in India incubation centres they have played a significant role in promoting entrepreneurship which could be reviewed from the unique contribution of few Business Incubation Centres. About 70 percent of the entrepreneurs have coordinated support through informal entrepreneurial networks and ranks 5th Position in this among G20
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