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What Is the Role of Innovation Policies in Entrepreneurship?

Innovation policies are essential for fostering a culture of creativity and technological advancement:
Research and Development (R&D) Incentives: Tax credits and grants for R&D activities can encourage businesses to invest in new technologies and innovations.
Intellectual Property Protection: Strong IP laws can protect entrepreneurs' innovations, allowing them to reap the benefits of their creative efforts.
Collaboration Initiatives: Policies that promote collaboration between businesses, universities, and research institutions can lead to groundbreaking innovations.

Frequently asked queries:

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