Public Policy and Startup Financing as Triggers of Entrepreneurial Intentions

Abstract

Public policy backing is essential for economic growth. Both developed and developing nations are urging academic institutions to bring their innovations to the market, launch new enterprises, and actively contribute to development. The objective of this study is to examin the factors that students in a developing country, such as Pakistan, consider before deciding to pursue entrepreneurship. There are is a gap to foster the public policy and startup financing avenues formulation in the literature. A survey was conducted at five universities in Pakistan. The findings reveal that startup financing has a significant impact on entrepreneurial intentions in Pakistan. Public policy found it to have no impact on entrepreneurial intentions. It depicts that graduates do not perceive any support from the public policy as whole. There is a greater need to build trust in public policy and support the creation of ventures. Similarly, providing them with more support from financing also results in a positive outcome. It is recommended to have a national entrepreneurship support system backed by publich policy and funding.