Report shows Qatar above global average for active and nascent entrepreneurs
The report shows that becoming an entrepreneur is a preferred career path for students immediately after graduation, even though 87% of students surveyed were not offered compulsory entrepreneurship courses and 37% did not take related program.
Allan Villegas Mateos
The report provides insight into university students’ entrepreneurial career intentions and underlying motivations, comparing students in Qatar to those in 58 countries. It aims to understand the role of universities in fostering entrepreneurial activities in Qatar’s national entrepreneurial ecosystem as the country transitions to a knowledge-based economy.
However, the report finds that students significantly lose entrepreneurial intentions within five years of graduation, despite 89% being aware of business incubation and acceleration programs.
The report suggests three reasons why students do not pursue entrepreneurial careers: the absence of a strong entrepreneurial culture among younger generations; motivations and attitudes influenced by expectations and family background; alignment with the proven theory that entrepreneurship is a process of developing the right leadership mindset, skills and empowerment through curricular and extracurricular programs.
Alignment with the proven theory that entrepreneurship is a process of developing the right leadership mindset, skills and empowerment through curricular and extracurricular programs.
The report then offers four recommendations to foster the development of a prosperous and sustainable university entrepreneurial ecosystem. These are: offering compulsory courses in entrepreneurship at all levels of education; increased stakeholder efforts to reach out to student communities, including communication, engagement of more faculty members, joint programs, hosting and sponsorship of entrepreneurial activities, and guarantee of access to infrastructure; the development of a strong and effective organizational infrastructure, including the training of faculty involved in teaching, research and curriculum development, the advancement and management of entrepreneurial initiatives related to incentives and rewards of research, and outreach through business incubators, technology parks, knowledge transfer offices, co-working spaces and other infrastructure; ensure that ecosystem leaders, sponsors and champions have the necessary financial and non-financial resources readily available.
“The entrepreneurial transformation of the ecosystem will be achieved by instilling an entrepreneurial culture, building entrepreneurial skills, accelerating business creation and business outcomes, and impacting Qatar’s National Vision 2030,” concludes Allan. -Villegas Mateos.