Factors Promoting the Entrepreneurship Ecosystem in Heis of India and its Impact on Millennials’ Education

Abstract

Purpose: The aim of this study is to examine the steps taken by HEIs after the announcement of the startup India campaign by the government in 2015. This research paper will highlight the factors which are responsible to establish an entrepreneurial ecosystem by providing the right education in HEIs f India. Theoretical framework: Entrepreneurship in educational institutions has increased significantly due to Government’s efforts through the national innovation start-up policy which is not only supporting buddy entrepreneurs but also opening avenues for faculty members. This research paper will highlight the factors which are responsible to establish an entrepreneurial ecosystem by providing the right education in HEIs of India. Design/methodology/approach: The data has been collected from HEIs of Delhi NCR, India and the same is analysed and interpreted using Statistical Package for Social Sciences (SPSS) software by considering two variables Ecosystem and Education in the Entrepreneurial context. This paper attempts to fill this gap in current research and highlight the role of HEIs in nurturing and shaping future entrepreneurs in India. Findings: The results through in-person interviews demonstrated that students have a strong willingness to explore this subject however HEIs need to design the right curriculum for better outcomes to nurture buddy entrepreneurs. The result of data analysis shows there exists a significant relationship between education, entrepreneurial ecosystem and career aspirations. Research, Practical & Social implications: The study suggested that HEIs should have a detailed profile of students’ backgrounds which enables them to design the right strategy for establishing an entrepreneurial ecosystem. Originality/value: The value of the study is the analysis of the willingness of students towards entrepreneurship as a career and the preparation of HEIs in the implementation of entrepreneurship education. There is an utmost need to design a curriculum by understanding the need of students which can enhance not only their knowledge, skills and abilities but their experience in the world of entrepreneurship.