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Is age an advantage for entrepreneurs?

3 June 2013 Last updated at 12:03 BST

Governments around the world are trying to encourage start-ups in order to spur sluggish growth, but should they be more focused on older entrepreneurs?

According to research in the US, the fastest growing age bracket for those founding new firms is 55 to 64.

Could silver-haired entrepreneurs also provide a silver lining for Europe's economic outlook?

Philip Hampsheir reports.