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Student Entrepreneurship - the European Approach 

July 23, 2023 | Article
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Feature I of the  Series Transformation

by NextGen

"Empowered by boundless creativity and relentless determination, student entrepreneurship will shape the future by redefining possibilities and charting new horizons." - Interviewee 

Student entrepreneurship has emerged as a dynamic force in both Europe and Korea, driving innovation, economic growth, and societal transformation. In Europe, universities have become vibrant hubs for entrepreneurial activities, fostering a culture that encourages students to pursue their business ideas. Initiatives like startup incubators, mentorship programs, and access to funding have provided fertile ground for young entrepreneurs to flourish. This has resulted in a thriving startup ecosystem, with students leveraging their academic knowledge and creative thinking to develop groundbreaking solutions across various industries.

In Korea, student entrepreneurship has gained significant momentum due to the country's strong emphasis on education and technological advancements. Universities in Korea actively support entrepreneurship through dedicated centers and programs that offer mentorship, resources, and networking opportunities. The government has also played a crucial role by implementing policies that promote entrepreneurship and innovation, including startup-friendly regulations and financial support. As a result, Korean students are harnessing their skills in fields such as technology, artificial intelligence, and e-commerce, leading to the emergence of successful startups and a reputation for being at the forefront of cutting-edge technologies.

Both Europe and Korea share a common goal of nurturing the next generation of innovative leaders through student entrepreneurship. They recognize the importance of fostering an entrepreneurial mindset and providing the necessary infrastructure to support students in their entrepreneurial endeavors. By encouraging risk-taking, fostering creativity, and offering a supportive ecosystem, both regions are witnessing a surge in young entrepreneurs who are creating impactful businesses and driving economic growth. As student entrepreneurship continues to thrive, it will undoubtedly contribute to job creation, societal development, and a culture of innovation in both Europe and Korea.

"Student entrepreneurship is the powerful fusion of passion, innovation, and ambition, igniting a relentless pursuit of knowledge and the courage to turn ideas into impactful realities." 

About the Authors

This article is part of the NextGen Feature Series "Transformation". All features are written by young KEY contributors from Korea and Europe.

Ashley Jones

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Don Francis

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KEY NextGen always welcomes students and young professionals who would like to write and publish a feature with us. View our call for contributions here.

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