More than 3,000 Australian university students have enrolled in entrepreneurship classes this year, new research shows, but experts say entrepreneurs cannot succeed without experience.
The number of university students in technology degrees is in long-term decline, according to a new report, with concerns that the shortage will impact web-based start-ups.
The leader of a local student entrepreneurship group has likened Australian student-start-ups to those in Scandinavian countries, claiming there are more similarities than there are differences.
Student Entrepreneurs has unveiled the 2011 winners of its Idea Pitch competition, which saw 20 student start-ups from Victorian universities compete for prizes worth more than $15,000.
University graduates may become even more inclined to work for a company rather than start their own business, with a new report showing graduate salaries are on the rebound.
University students are being encouraged to attend a 48-hour start-up “hackathon”, hosted by Student Entrepreneurs, to gain insight into the start-up scene and develop their ideas into viable businesses.
Industry experts say students are still wary of starting their own businesses despite new figures that reveal job prospects for university graduates have dwindled during the past two years.
US venture capitalist Peter Thiel has offered $100,000 to 24 young entrepreneurs providing they stay out of college for two years to further their business ideas.
Barring the remote possibility of pouncing upon that rarest of beasts – a government start-up grant – wannabe entrepreneurs have traditionally been reliant on two groups for external funding: investors and banks.