**2.5 Investment in education**

*Intellectual Property Rights - Patent*

funded.

future date.

**2.2 Industrial parks**

distribution capabilities. Having financial capacity is not (always) a guarantee that the appropriate resources are put together in the right way and at the right time.

Business angels invest in small start-ups or entrepreneurs, can have multiple origins (including family or friends of the entrepreneur), and invest in one go to boost the business or make a continuous injection of money to support the company in the early stages more difficult. Venture capital consists of investor financing for start-ups and small businesses that are believed to have long-term growth potential. For companies that do not have access to the capital market, venture capital is an essential source of money. The risk is typically high for investors, but they have intervention in company decisions, which is a disadvantage for the company

Business angels offer advantages compared to venture capital: business angels invest in the early stage of the business, that is, they help start-ups take their first steps in the market, while venture capital investors bet on the viability of the business and can profit from the business by the investment. In this sense, business

Another way for entrepreneurs to get the resources they need or use is through crowdfunding, which is a process directed at individuals to raise funds to finance a specific cause or project in return for a variety of rewards. Thus, we can say that crowdfunding bases its dynamics on raising funds to finance a business or a project: (i) in exchange for share capital; (ii) in exchange for tangible, non-monetary rewards, such as a product finished; or (iii) in exchange for a financial return at a

Although not essential to the effective operation of a small business incubator, there are benefits to locating it within municipal industrial parks. The incubator can provide a space with the necessary infrastructure at the lowest cost and close to similar start-ups. The industrial park also wins with the installation of the incubator, as it enhances the local demonstration effect for the creation of other start-ups. Incubators can also be installed in old abandoned facilities (state, military, and

Employment and skill development programs enhance local qualifications, increasing individuals' willingness to develop innovative start-ups or collaborate on incubated start-ups. The existence of qualified human resources at the level of high

Programs aimed at the emergence of local entrepreneurs are directly complementary to the start-up incubators. These programs provide the necessary skills

technical support in the preparation of documents and presentations.

angels are the opposite of venture capital investors.

industrial) to stimulate local development [10].

technology facilitates the development of start-ups.

**2.3 Professional qualification**

**2.4 Entrepreneurial training**

Initial or seed financing programs can take a variety of forms and are often used in combination with the most effective incubators. Small loans from investment funds (made up of grants from the government and/or local government), with below-market interest rates, are provided to support the creation of new businesses [9]. As the loans are paid, the money of the fund is reinvested in subsequent deals. The incubators can also help start-ups incubated to obtain financing, first linking up with business angels and venture capital investors and on the other hand giving

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In addition to entrepreneurship training, investing in local education infrastructure is a boon to the development of start-ups. Educational institutions provide the human resource base crucial to economic development. Thus, higher education institutions can create a series of synergies with the community—for example, service delivery and the development of strategic partnerships—increasing the effectiveness of start-up incubators. Universities are sources of new ideas to create start-ups of high technology and with differentiated value for society. The faculty can, on the one hand, provide students with the necessary skills to encourage the creation of start-ups and, on the other hand, provide services to the community, thereby contributing to economic growth.
