Survey: U.S. is global leader for entrepreneurial culture
Entrepreneurs can find success and work toward technology mergers and acquisitions in countries across the globe, but a recent survey detailed how some areas have better environments for business leaders.
According to the second annual Ernst & Young G20 Entrepreneurship Barometer, Australia, Canada, South Korea, the United Kingdom and the United States were the top five countries in terms of promoting an environment in which a small business can thrive. The categories included, but were not limited to:
- Funding
- Entrepreneurial culture
- Tax and regulation
- Education and training
- Ongoing support.
"The EY G20 Entrepreneurship Barometer 2013 is designed to help leading countries benchmark their progress and performance on this vital issue," the report read. "It enables each G20 nation to identify current strengths in its entrepreneurial environment, as well as the main opportunities for further development."
Specifically, the U.S. was ranked number one for funding opportunities and having a positive entrepreneurial culture. Out of surveyed U.S. business leaders, 43 percent said that they view failure as a learning opportunity. However, 41 percent of entrepreneurs in the U.S. also said that there is a need for government-run startup mentor programs.
The EY Barometer showed that just 9 percent of U.S. entrepreneurs think access to government programs has improved in the past three years. That is in stark comparison to the G20 average of 32 percent. But, the report added that this could be due in large part to American business leaders just instilling their own mentor programs and helping less experienced workers out on their own. Additionally private-sector programs, such as Y-incubators, are also popular options.
M&A activity might vary from one country to the next, but it is clear that technology acquisitions can be successful in many areas and are often goals that entrepreneurs strive toward.