Why entrepreneurs thrive in some countries more than in others

Extracted 18JUL2011 from http://www.oecd.org/document/8/0,3746,en_21571361_44315115_48276232_1_1_1_1,0...

Would-be entrepreneurs need cash to launch new businesses, but countries are far from equal when it comes to funding young, innovative and growth-oriented companies, according to a new OECD report.

Venture capitalists in Israel allocate more financing to young companies than any other country in the OECD, with the equivalent of 0.18% of GDP dedicated to seed, start-up and early development capital. The United States, Sweden and Finland are among the other leading providers of venture capital, and are not surprisingly also among the most entrepreneurial nations.

These are among the insights in the inaugural edition of Entrepreneurship at a Glance 2011, which gives an overview of enterpreneurship in OECD countries.