Top 1 percent of startups create 40 percent of new jobs

From TechJounal South: A scant 1 percent of startups create 40 percent of all new jobs, according to a World Economic Forum study.

The WEF suggests that governments who want to spark growth via entrepreneurship should find out what makes the top companies successful rather than trying to “replicate Silicon Valley.”

The report, conducted in collaboration with Stanford University and Endeavor Global, said the purpsoe of the report is to provide insight on how to foster successful entrepreneurship and improve economic growth, prosperity and quality of life.

Top 1 percent of startups create 40 percent of new jobs | TechJournal South.