GUWAHATI, Dec 1 – The spirit of entrepreneurship seems to be catching up among youngsters in this part of the country, a region infamous for its ‘go-slow’ attitude, frequent political agitations and bandh culture.
As per a study report from Gurgaon-based International School of Entrepreneurship Education and Development, half of the students from noted institutions in the North East would prefer to become entrepreneurs upon completion of their study.
“50 per cent of students surveyed in the North East from institutes like the Assam University, the NIT Silchar, the Tezpur University and the IIT Guwahati, want to become entrepreneurs immediately on completion of studies, another 25 per cent would like to go for government jobs, 12.5 per cent would like to work for start-ups and 12.5 per cent would like to work for large corporates,” said the 2013 Indian Students Entrepreneurship Aspirations Survey (I-SEAS) report.
However, almost 40 per cent students of the North East region stated that the “lack of entrepreneurship knowledge” is the biggest obstacle. Another 30 per cent mentioned the lack of access to finance, while almost one-third are apprehensive of success of any entrepreneurial venture.
More than 90 per cent students in the North East believe that India is full of entrepreneurship opportunities and 65 per cent of the students believe that at the moment they have a solid business idea. The students of North East have a dominant preference for services related entrepreneurship and the food and beverage industry.
The I-SEAS report was based on a nationwide survey carried out across more than 50 cities to understand entrepreneurship aspirations in Indian students. A total of 1,117 respondents nationally were surveyed for the report.