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Its also about being in the right place to make it happen.
Here are the 10 countries that are the most startup-friendly foryoung founders.
Canada
Canada takes the top spot for many reasons.
Plus, the ease of doing business index ranks high at 98 out of 100.
The average age of startup founders in Canada is 25.One of the startup industries is energy and environment.
The average age of startup founders is 27.The leading startup industry in India is edtech.
Germany
The average age of startup founders in Germany is a little higher at 30.
Starting a business there takes four days.
Major business hubs include Berlin and Munich, and one of thetop startup industries is software and data.
Nigeria
Nigeria is Africas largest economy and has athriving foodtech industry.
Its also poised to become one of the worlds top five economies by 2075, according toGoldman Sachs.
However, the country startup friendliness index is quite low at around 2.
Singapore
A business-friendly environment and supportive government policies are amongwhat draws young entrepreneurs to Singapore.
The average age of startup founders is 33, and it takes only $315 to start a business.
Portugal
Portugal is known as a hub of innovation and technology.
Amazingly, it costs $0 to start a business there.
Additionally, it only takes 3.5 days to get a business up and running.
The ease of doing business index in Portugal is a respectable 75 out of 100.
Theyll also have to wait a little longer to get it started, approximately 18 days.
One of the top startup industries isfintech.
Additionally, the ease of doing business there is 90 out of 100.
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