Survey is part of global research project involving a comprehensive survey on student entrepreneurs in 57 countries worldwide.
Major Trends Highlighted by Report
- Nascent Entrepreneurship: According to survey, As many as 33% of college students in India are already nascent entrepreneurs, which is higher than global average of 26%.
- Entrepreneurship as an emerging career choice: 14% students in India intend to become entrepreneurs after graduating.
- Entrepreneurship intent: Indian students show highest entrepreneurial intent globally.
Factors propelling Entrepreneurship among Students
- Favorable Macroeconomic Environment: India ranks 39th (out of 133) in Global Innovation Index
- Thriving Startup Ecosystem: India has 110+ unicorns (startups valued at over $1 billion), third-largest after USA and China.
- Educational Ecosystem (Offering diverse and specialized courses) & Supportive Government Initiatives (refer to box)
Existing Challenges
- Low Active Entrepreneurs: Due to lower transition of nascent ventures to active businesses.
- Limited reach and accessibility: Regarding Entrepreneurship education and incubation programs.
- Others: Mismatch between support Programmes and requirements of student ventures etc.
Way Forward
- Encouraging Entrepreneurship during education through compulsory courses in universities, etc.
- Further expansion of the incubation network to provide mentorship, funding, etc.
Supportive Government Initiatives
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