Not all startup companies are created equal. Although both innovation-driven enterprises (IDEs) and traditional small- and medium-sized enterprises (SMEs) can provide valuable products and services and create jobs, IDEs – startups focused on addressing global markets based on technological, process or business model innovation – can potentially create hundreds or even thousands of high-skill jobs if they succeed.
The distinctive differences between these two forms of entrepreneurial ventures – and their importance for governments and policymakers wanting to support long-term economic growth – is the subject of a new paper released today by the Kauffman Foundation. "A Tale of Two Entrepreneurs: Understanding Differences in the Types of Entrepreneurship in the Economy," examines IDEs and SMEs, their roles in local, regional and global economies, and their differing needs in terms of financial and policy support.
To read the full, original article click on this link: A Tale of Two Entrepreneurs: New Kauffman Paper Highlights Different Types and Their Roles in Economy
