“…These findings spurred great interest in research on the employment contribution of SMEs worldwide, with scholars concluding that SMEs contribute to 70% to 90% of all new jobs that are created (Davidsson et al 1995, Armington, Acs 2002, Santarelli, Tran 2012. Previous research has shown that in addition to playing a vital role in the creation of employment opportunity, startups and SMEs are involved in creating industrial renewal, export income, and innovation (Halilem et al 2012, Agostini et al 2015, Love, Roper 2015, as well as acting as a dynamic influence to lagging areas (Keeble 1997, Gordon, McCann 2005, Doh, Kim 2014 (Keeble 1997, Gordon, McCann 2005, Doh, Kim 2014. Therefore, governments in most nations have developed different types of programs to support SMEs and startups (Bateman 2000, Perren, Jennings 2005.…”