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Creating a University-Based Entrepreneurial Ecosystem in Indonesia

Author

Listed:
  • Selly Novela
  • Rizal Syarief
  • Idqan Fahmi
  • Yandra Arkeman

Abstract

Being a country with the fourth largest population in the world, but with an entrepreneur rate that only rank six at the ASEAN level, is a challenge for Indonesia. Entrepreneurship education plays an important role to increase entrepreneurial graduates of higher education. Global awareness of the importance of the role of entrepreneurship and innovation, in line with the growing awareness of higher education institutions, especially universities, to walk the entrepreneurial path. This study aims to form an entrepreneurial university model using a systems approach, where the university should not carry its own burden in carrying out the responsibilities of a third mission to help accelerate community development. The model produced using the Interpretive Structural Modelling (ISM) method describes the sub-elements as the driver factor that influence the transformation process towards an entrepreneurial university. The elements of the entrepreneurial university model are come from the elements in the entrepreneurial ecosystem. One of the results showed that in Indonesia, producing entrepreneurial graduates as entrepreneurs is a very important factor and will encourage other factors, such as product commercialization, patents, and realizing science and techno parks, as has been achieved by several leading universities in the world.

Suggested Citation

  • Selly Novela & Rizal Syarief & Idqan Fahmi & Yandra Arkeman, 2021. "Creating a University-Based Entrepreneurial Ecosystem in Indonesia," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 10, January.
    • Handle: RePEc:bjz:ajisjr:2002
    DOI: https://doi.org/10.36941/ajis-2021-0015
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    References listed on IDEAS

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    1. Rowell Ubogu, 2020. "Entrepreneurship Education: Challenges and Strategies towards Promoting Entrepreneurship in Higher Education in Nigeria," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 9, September.
    2. Etzkowitz, Henry & Webster, Andrew & Gebhardt, Christiane & Terra, Branca Regina Cantisano, 2000. "The future of the university and the university of the future: evolution of ivory tower to entrepreneurial paradigm," Research Policy, Elsevier, vol. 29(2), pages 313-330, February.
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