How Do Government Initiatives Support Entrepreneurs?
Governments worldwide recognize the importance of entrepreneurship in driving economic growth and job creation. As a result, they offer various initiatives to support entrepreneurs, including:
Grants and Subsidies: Financial assistance to help startups cover initial costs and develop innovative products. Tax Incentives: Reductions or exemptions in taxes to encourage investment in new ventures. Training Programs: Government-sponsored courses and workshops to enhance entrepreneurial skills. Regulatory Support: Streamlined processes and reduced bureaucratic hurdles to make it easier to start and run a business.