Abstract:
Many countries of the world, developed and developing, are trying to foster entrepreneurship
to accelerate the rural economy. However, there has been no systematic attempt to view this
by young people as the goal of their careers. The main objective of this study was to examine
the policies of entrepreneurship education and the dimensions of institutional support regarding
the expectations of the entrepreneur in choosing entrepreneurship as his career goal about the
youth sector. For this study, 70 registered young businessmen from 10 different sectors of the
Ministry of Technology and Research (MTR) VIDATHA program were identified in 2012.
Primary data was collected directly from young people through a questionnaire. The regression
model was used to predict the level of entrepreneurial expectations of youngers as a dependent
variable. The independent variables were categorized based on the criteria of entrepreneurship
policy (the importance of policies, effectiveness, efficiency, and sustainability) and
institutional support standards (entrepreneurial culture, education, business development
support, and access to finance). The results of the study indicate that promoting the culture of
entrepreneurship and business development support services were essential factors in the
expectations of young entrepreneurs for institutional support and that the efficiency of policy
is a crucial unique factor in predicting the entrepreneurial aspirations of youth in the field of
entrepreneurship Policy. The main challenge for young entrepreneurs is to transform their
business into a competitive and commercially viable business. Entrepreneurial education
projects also have different goals and objectives depending on the target group, political agenda
and types of interventions. Also, there is no single policy model to foster and encourage
entrepreneurship among young people. Therefore, it is recommended to create a unique
institutional framework to promote entrepreneurship amongst youth and suggest a formulate
single policy model for promoting entrepreneurial activities among youth and the established
key agency for coordinating of all sectors.
