i) Public attitude i.e a favourable attitude by the public at large towards entrepreneurship, success as well as failure.
ii) Dynamic financial system e.g efficient stock exchange and a competitive banking system.
iii) Government support – e.g taxation system to encourage venture capital e.g tax concessions and investment allowance taxes.
iv) Establishment of venture capital institutions e.g investors in the industry.
v) Growth in the number of Management buyers (MBO) which have created a demand for equity finance.
Kavungya answered the question on March 11, 2019 at 13:57