There are many factors for a startup to be successful including determination, motivation, innovation, talented workforce, aspirational leaders, and of course, a great idea. Also, there should be easy access to investments, support from accelerators and incubators, and a strong as well as well-developed infrastructure.
Also, there should be tax benefits for the entrepreneurs and support from the government so that they are able to realise their vision and take up risks on their path to success. Analysing some of these factors, Hansen & Company has listed out the 10 most startup-friendly countries in the world for entrepreneurs.