As the Stones would say, Start Me Up
According to UBS Wealth Management’s recent report headed by Roger Franklin, Britain’s public sector needs to get involved earlier in a start-up company’s development. The public sector support in the UK is strong, but it needs to come earlier to help more fledgling companies survive.
This earlier investment encourages more entrepreneurs to take that first step to building a new company. One important statistic is that Israel, which has a similar venture capital structure as the United States has almost four times the venture capital investment as most of the major countries in Europe. Frankly, all countries should do more in the area of getting small companies started. The goal for all nations should be to push innovation since it usually contributes to a creation of new jobs going forward.
