Prospects for the Development of Enterpeneurship: the Role of Universities
DOI:
https://doi.org/10.15407/scine19.03.015Keywords:
university, predictor, entrepreneurship support, entrepreneurial intentions, and entrepreneurial readiness.Abstract
Introduction. Entrepreneurial intentions of youth are the key to stimulating innovation-driven development and
solving urgent social problems. This is especially relevant for Ukraine as young democracy that suffers from
external aggression and needs economic recovery.
Problem Statement. Entrepreneurship is not only the bundle of knowledge and skills, but also the way of
thinking and behavior. Universities play an important role in the generation and testing of students’ business
ideas. The potential of Ukrainian universities in this realm has been still understudied.
Purpose. The purpose of the research is to clarify the role of universities as the predictor of the formation of
entrepreneurial intentions by the example of Ukraine in order to develop recommendations on building-up the
entrepreneurship support ecosystem and growing youths’ entrepreneurial activity.
Material and Methods. The research is based on the results of the students’ survey in Ukraine within the
framework of Global University Entrepreneurial Spirit Students’ Survey international project. While doing the
research we have used SPSS software package for processing responses, the methods of system analysis, the
hypothetical deductive method, the analysis of contingency tables and the strength of relationships.
Results. The role of universities in the formation of entrepreneurial intentions in Ukraine is low; the entrepreneurship support system has shown its own immaturity. The educational and cultural components have a partial influence on entrepreneurial readiness, therefore it has been recommended to strengthen them. The financial and conceptual components need to be adjusted in terms of their tools, given the best international practices.
Conclusions. The strategic objective is to create an institutional environment for the development of an academic entrepreneurship, the spread of academic business incubators, students’ entrepreneurial oriented groups, project teams, and business clubs.
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