What Are the Main Functions of Government Agencies in Entrepreneurship?
Government agencies support entrepreneurship through various functions, including:
Funding and Grants: Providing financial aid through grants, loans, and subsidies to help entrepreneurs start and grow their businesses. Training and Development: Offering training programs, workshops, and seminars to enhance the skills and knowledge of entrepreneurs. Regulatory Support: Simplifying regulatory processes and providing clear guidelines to ensure compliance and reduce bureaucratic hurdles. Networking Opportunities: Facilitating networking events and business incubators to help entrepreneurs connect with potential partners, investors, and mentors. Market Access: Assisting entrepreneurs in accessing domestic and international markets through trade missions and export assistance programs.