Only 56% of startups
still operate after third year,
mainly because of no market
need for the product
Developing countries are realizing the need for business incubation processes to nurture new and small businesses
However, start ups struggle to survive and grow through the difficult and vulnerable early stages of development mainly because of poor product design,
inadequate business model and lack of experience
SMEs and entrepreneurship are key to ensuring economic growth, job creation, innovation, and social well-being, and represent an important part of the economy, covering over 90% of all enterprises and employing an increasing number of people
