The National Knowledge Commission (NKC) 2008 study concluded that an entrepreneurial ecosystem is a function of following factors or triggers:

• Individual Motivations for Entrepreneurship
• Socio-cultural Factors
• Access to Early Stage Finance
• Education and Incubation
• Business Environment for Entrepreneurship.

The importance of education for successful entrepreneurship has been well established. However, only 2% of entrepreneurs are doctorates. This is indicative that the business environment is not very supportive of entrepreneurship.

A comparison of educational qualifications over a period of time (pre and post 2000) indicates an progressive trend of more MBAs, post graduates, professionals and individuals with work experience becoming entrepreneurs.

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