A central European country tops a global ranking of the best places to be an entrepreneur — although several continents are represented at the top of the list.
The index, compiled by Wharton University and market research firm Y&R, evaluates a total of 80 countries which collectively account for 95% of global gross domestic product.
The overall ranking considers a wide range of factors to create an overall "best countries" index, including entrepreneurship, heritage, quality of life, and openness for business.
Business Insider took a look at the "entrepreneurship" subindex, which analyses factors including connectivity, education levels, labour force skills, transparency, and infrastructure.
Here are the nine countries which made the top of the list.
9. Australia — The Australian start-up scene is an emerging one, and despite relatively big start-up costs associated with high wages, the country scores highly on the "entrepreneurial" sub-index on account of its connectivity, infrastructure, and transparent business practices.
8. Singapore — The Economist newspaper has dubbed Singapore "the world’s most tightly packed entrepreneurial ecosystem," with a world-beating start-up environment. It scores highly on the Wharton index for its infrastructure, easy access to capital, and connectivity.
7. Canada — The first north American entry on the list ranks highly for its well-developed infrastructure, transparent business practices, and educated workforce. In 2015, the country launched an innovative 'Start-Up Visa' scheme, which links immigrant entrepreneurs with Canadian private sector organisations.
See the rest of the story at Business Insider
March 31, 2017 at 12:10PM
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