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Article

Rethinking entrepreneurship education in emerging markets – replacing vision by real strength

This paper stresses the importance of fostering venture creation and innovation in low-tech sectors in emerging markets. Instead of following the leading nations in their approach to S&T policy, emerging markets can win more by acknowledging their competitive advantages in low-tech areas. While many policy initiatives focus on financial support for start-ups, this paper suggests to launch an educational initiative and to offer an entrepreneurial program geared towards venture generation for low-tech. The suggested program consists of three parts and reflects the information needs of companies in their early development. Although there is plenty of space for more in depth research about the particularities of start-ups in low-tech, previous research has shown that there is a good reason to treat low-tech industries differently from high-tech. Still, further research is needed to better understand how to foster entrepreneurial activities in these sectors.