Daniel


 * d. Governmental framework**


 * Government R&D investments (DR -** **3** **slides -** **4 minutes)**

The federal investment in an infrastructure that supports entrepreneurship is crucial for US start-ups. This investment is done in various ways e.g. state owned laboratories, R&D funds, univsersitiy subsidies etc.


 * Taxes and legislation (****DR - 2 slides - 3 minutes)**

The entrepreneurial framework marked by the American tax system and the American legislation is very supportive for US start-ups, and therefore one of many reasons why entrepreneurship can flourish that successfully in the United States. Certain tax incentives and a favourable bankruptcy law can be named as examples.


 * Patents** **(DR - 2 slides - 2 minutes)**

A high number of patent applications illustrate the innovative strength of US companies and low patent costs foster this development.


 * e. Role of mature firms** **(DR - 1 slide - 1 minute)**

Mature firms play an important role for US start-ups. They provide know-how, skilled workforce and enough capital to realize innovative ideas. Partnership programes, shared R&D / laboratories or outsourced R&D are typical for cooperations between mature firms and start-ups in the United States.