what are some of the ways by which the government and the other institutes are encouraging and assisting entrepreneurship as a career for the young
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Answer:
Developed countries are moving from ‘managerial’ to ‘entrepreneurial’ economies. India, as an emerging economy, is ensuring that entrepreneurship is embraced as a career choice for the young.
A study conducted in 2013 by International School of Entrepreneurship Education and Development (ISEED) revealed that more than 87 per cent students surveyed aspire to become an entrepreneur at one point of life, while about 90 per cent believe that the country is full of entrepreneurship opportunities.
Encouraging Entrepreneurship
A number of initiatives are being practiced to encourage creation and growth of new ventures. A ministry of skill development and entrepreneurship has been formed by the current government, educational institutes are providing courses on entrepreneurship, large number of incubators and business accelerators have been set up both by universities and the private sector to mentor, coach and train entrepreneurs, open forums, celebration of entrepreneurs in the community role models through seminars, webinars, YouTube videos, blogs, books, massive open online course (MOOC) from Coursera & Stanford Online and other media are some of the other initiatives that are driving the youth to choose entrepreneurship.
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