Table 3.

Cross-country overview

Common enabling mechanisms (all or most countries)Key institutional differences across countries
Government-backed innovation and scale-up programsUK and South Korea: Strong coordination between governance and regulation; targeted scale-up programs (breakthrough, K-Unicorn)
Access to venture capital and coinvestment schemesUSA: Market-driven environment with abundant capital but limited Central coordination
R&D tax credits or fiscal incentives for innovationJapan: Focus on start-up promotion; emerging interest in scale-ups via commercialization programs
Collaboration between universities, firms and government agenciesChina: State-driven governance and large-scale financial incentives; regulatory unpredictability remains
Policy initiatives linking innovation and entrepreneurship ecosystemsIndia: Strong accelerator ecosystem but heavy tax compliance burden
Brazil: Institutional fragmentation and “threshold avoidance” due to progressive taxation
Source(s): Author’s own work

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