Exploring the Entrepreneurial Ecosystem: The Role of Government Policy and Venture Capital in Start-Up Success in China
DOI:
https://doi.org/10.53797/ujssh.v4i1.16.2025Keywords:
Start-up Ecosystem, Government Policy, Venture Capital, Entrepreneurial Success, ChinaAbstract
This study explores the influence of government policy and venture capital on the success of start-ups in China's dynamic entrepreneurial ecosystem. Adopting a quantitative approach, the research analyzes data collected through structured surveys administered to start-up founders, venture capitalists, and policymakers. The findings reveal that government policies such as subsidies, tax incentives, and regulatory support play a crucial role in creating an enabling environment for entrepreneurial ventures. Simultaneously, venture capital significantly contributes through funding, strategic guidance, and network access, fostering scalability and innovation. The study highlights the complementary nature of these factors, emphasizing that while government interventions address structural challenges, venture capital drives firm-level growth. However, regional disparities and sector-specific needs indicate the necessity for tailored approaches to maximize the impact of these interventions. The findings provide actionable insights for policymakers, investors, and entrepreneurs to refine strategies and foster a balanced and inclusive entrepreneurial ecosystem. In addition to examining the immediate impact of these factors, the study identifies areas for future research, including longitudinal analyses, sector-specific dynamics, and the role of regional disparities. These insights contribute to the broader discourse on enhancing start-up ecosystems and offer practical recommendations for fostering innovation-driven growth in emerging markets like China.
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Copyright (c) 2025 Qinghua Liu, Mazni Mohammad
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