Musk Urges G20 to Increase Startup Investment, Says Support for Established Firms Is Excessive
JH Kim
Summary
- Elon Musk urged G20 leaders to increase investment in startups.
- He said governments provide excessive support to established companies, making more investment in new businesses necessary.
- Musk called on G20 countries to take a more active role in funding support and related investment for startups.
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Elon Musk, chief executive officer of Tesla Inc., urged Group of 20 leaders to increase investment in startups.
Cointelegraph reported on Sept. 1 that Musk said governments tend to provide too much support to established companies and that startups need more investment.
He also emphasized the need to expand funding for new businesses and called on G20 countries to take a more active role in such investment.
Musk did not present specific funding levels or policy measures to expand startup investment.
JH Kim
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