ROLE OF HIGHER EDUCATION INSTITUTIONS NURTURING ENTREPRENEURIAL TALENT IN INDIA: A QUANTITATIVE INVESTIGATION OF B-SCHOOL STUDENTS
Journal: International Journal of Advanced Research in Management (IJARM) (Vol.9, No. 2)Publication Date: 2018-12-26
Authors : Vinayendra Mani Tripathi;
Page : 48-53
Keywords : Entrepreneurship; Innovation; Incubation; Funding; Economic Growth.;
Abstract
The crucial role that higher education institutions may play in developing entrepreneurial talent in India has recently come into greater focus. This is especially important in light of the growing focus on entrepreneurship as a way to propel economic growth and job creation in the nation. Universities play a significant part in supplying aspiring company owners with the information, tools, and resources they require to launch and expand prosperous enterprises. This includes not only academic preparation in subjects like finance and business management, but also access to networks of mentors, investors, and other businesspeople. Institutions of higher learning must create projects and programs that are specifically geared towards meeting the requirements of budding entrepreneurs in order to be effective in this capacity. This might include incubators and accelerator programs that help early-stage entrepreneurs by offering finance, mentoring, and other forms of assistance. Partnerships with business, the government, and other stakeholders may also be necessary to offer access to resources and knowledge. Institutions of higher learning can help individual entrepreneurs while also advocating for entrepreneurship as a cultural and societal norm. To encourage entrepreneurship more broadly, this can entail creating relationships with local communities and other stakeholders as well as cultivating a culture of creativity and risk-taking among students and faculty. Overall, for India's long-term economic growth and prosperity, higher education institutions must play a critical role in cultivating entrepreneurial talent. Higher education institutions can support the full development of India's entrepreneurial spirit by giving aspirant business owners the information, abilities, and resources they require to be successful.
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