More Professionals Becoming Entrepreneurs
The National Knowledge Commission (NKC) 2008 study concluded that an entrepreneurial ecosystem is a function of following factors or triggers:
- Individual Motivations for Entrepreneurship
- Socio-cultural Factors
- Access to Early Stage Finance
- Education and Incubation
- Business Environment for Entrepreneurship.
The importance of education for successful entrepreneurship has been well established. However, only 2% of entrepreneurs are doctorates. This is indicative that the business environment is not very supportive of entrepreneurship.
A comparison of educational qualifications over a period of time (pre and post 2000) indicates an progressive trend of more MBAs, post graduates, professionals and individuals with work experience becoming entrepreneurs.
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