Addressing the Mentorship Gap in India's Budding Entrepreneurial Scene

A new report reveals that 35% of students in Indian universities cite lack of mentorship as a major challenge to starting their own ventures. The report, based on a study of student and industry perspectives, also highlights funding and legal guidance concerns, and underscores the role of universities in fostering entrepreneurship.

A recent report has highlighted the significant challenges faced by students in Indian universities aiming to start their own ventures. The study indicates that 35% of these aspiring entrepreneurs cite a lack of mentorship as their primary hurdle.

In addition to mentorship issues, 22% of students are also troubled by funding constraints and inadequate guidance on legal matters. The report, based on a study involving 1,000 students and 200 industry professionals, emphasizes the growing appeal of entrepreneurship among young Indians, with nearly three-quarters expressing a desire to launch their own businesses.

The findings were released at the Leadership Summit by BML Munjal University, revealing that the next generation of entrepreneurs is driven by values of transparency and trust. The report also notes that well-governed ventures are more likely to gain investor trust, underlining the necessity of integrating ethics and financial accountability into educational curricula.

(With inputs from agencies.)