Now the zeal and enthusiasm for start-ups is increasing rapidly among the youth of India. According to a recent study, almost three out of four university students dream of starting their own business. This shows that the next generation of the country is not limited to just getting a job, but is ready to bring change in the society and economy through their own business and new ideas. However, amidst this enthusiasm, many young entrepreneurs are facing challenges like lack of right direction, financial institutions and legal support. These obstacles can not only slow down their efforts but sometimes also prevent them from achieving their dreams.

What came out in the research

The report, titled Youth Entrepreneurship and Start-up Governance, Guiding the Next Generation of Leaders Towards Sustainability and Success, surveyed 1,000 Indian university students as well as 200 industry experts, investors, founders and CXOs. The objective of the study was to understand the mindset of young entrepreneurs, their ambitions, and the challenges they face.

According to the study, today’s youth are not just running after building big businesses or earning fast money. They are envisioning a business that is a combination of innovation, transparency and honesty. The youth not only want to expand their business but also want to have a positive impact on the society.

What are the big challenges?

The study also revealed that lack of guidance and financial support are the biggest obstacles.

1. 35 percent students said that lack of proper guidance is the biggest obstacle in starting their business.

2. 24 percent cited lack of guidance in legal and financial matters as a challenge.

3. 22 percent said that lack of adequate funding is their biggest problem.

4. 13 percent cited fear of failure, and 7 percent cited difficulty in balancing academic work and start-up efforts as a challenge.

roll of university survey

The report also revealed that investors have more confidence in businesses that follow transparency and ethical practices. Additionally, social impact and credibility of the founders also influence investor confidence. The study also highlighted the role universities play in nurturing young entrepreneurs. Nearly half of students said their university made an important contribution to business development, with 89 percent supporting ethical and financial inclusion. But only 9.6 percent students considered the current incubation program more effective.

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