A New Model for Entrepreneurial Learning and Success in the United Arab Emirates

Abstract

The government of the United Arab Emirates (UAE) has recently encouraged entrepreneurship. Institutions such as The Khalifa Fund, the Dubai SME 100, and the Dubai Entrepreneurship Academy are providing funding and consultation. Although entrepreneurial opportunities exist, many university graduates perceive that they lack the basic skills required to effectively engage in entrepreneurship.

This study uses survey research to measure attitudes and preparedness of 241 UAE university graduates with respect to entrepreneurship. Ninety percent respondents perceived that they lacked the required skills to engage in entrepreneurship. Only 4% of graduates were actively involved in entrepreneurship. Thus, the lack of perceived preparation is a major obstacle for individuals attempting to start their own business.

This paper provides policy recommendations for UAE government coordination with institutions of higher learning to adequately prepare students for entrepreneurship and develops a model that will be enhanced in future research.