“…Within the Environmental FPV, factors related to State Support and Political Environment, Alliances Formation, Support from Incubators, Accelerators, and Technology Parks, Venture Capital, and Competitive Environment prevail (Acosta-Prado et al, 2020;Asadinasab et al, 2013;Asmoro & Nugroho, 2018;Baum & Silverman, 2004;Blank, 2021;Caseiro & Coelho, 2019;Dettwiler et al, 2006;Grilli & Murtinu, 2012;Gwebu et al, 2019;Jones & Crick, 2000;Kozubikova et al, 2019;Luo et al, 2021;Marullo et al, 2018;Moritz et al, 2022;Potjanajaruwit, 2018;Samaeemofrad & Van Den Herik, 2018a, b;Utomo & Simatupang, 2019;van Rijnsoever & Eveleens, 2021;Vedula & Fitza, 2019;Xiao & Zhao, 2017). Only the environmental FPV is partially dependent on the efforts of the startup team, mainly when related to political and economic factors, which are apart from managers, with policymakers responsible for providing a suitable environment for startups to be competitive.…”