Role of Higher Education in Promoting Entrepreneurship

Abstract

Entrepreneurship continues to assume a vital role in the Indian economy as well as the economies of many developing nations across the globe. The creation of new business activities has become a major driver in the economy and these greatly affect economic growth, job creation and general prosperity and, to an extent, enhance the national competitiveness of the nation in the global business arena. Although our country is trying to intensify the amount of entrepreneurial activity there are still a wide variety of challenges. According to the Global Entrepreneurship Monitor (GEM) research shows that a low level of overall education and training is still the biggest challenge facing the nation. Consequently a critical performance area must be to improve the level of overall education and training whilst promoting the notion of entrepreneurship as a viable option.

The main purpose of this paper is to configure the importance of Higher Education in promoting Entrepreneurship. The paper would explore the concept of Higher Education and Entrepreneurship. It would also explain the characteristics of both Higher Education and entrepreneurship. Thus the paper provides a clear insight on the role of Higher Education in promoting Entrepreneurship.