Ganesaraman

Technology startups generate new employment and bestow avenues for entrepreneurs’ creative utilization, and they bring the latest technology to the forefront. Entrepreneurial intentions help create firms and become the prime mover in the economic growth of nations (Startup Genome, 2019). In innovation-driven economies, entrepreneurship is the leading indicator of economic growth and positively affects economic development (Box et al., 2016). When more and more entrepreneurial firms join the fray, it leads to the growth of entrepreneurship, employment, and economy. It is observed that the total early-stage entrepreneurial activity has a direct impact on the Global Competitiveness Index of nations (Ferreira et al., 2017). The economic growth of nations is influenced by entrepreneurial activity, and the level of entrepreneurship is positively related to the level of per capita income (Van Stel et al., 2005). Entrepreneurs use investment opportunities and commercialize them, impacting GDP growth through startups (Peterson & Valliere, 2008).