Every year, the School of Management of Fribourg releases the Global Entrepreneurship Monitor (GEM), as a way to explore and assess the role of entrepreneurship in national economic growth. It was first released in 1999 and ever since, the data analysis, conclusions and forecasts on Entrepreneurship in Switzerland can be accessed by anyone. The last report was released in 2016 and it brings attention to some interesting facts on the current reality of this field (check out the 2015/16 report here).
For instance, Switzerland shows high perception of capabilities along with a low fear of failure and still only 40% of the interviewed participants see entrepreneurship as a good career choice. Besides, the report brings out the fact that, although the country presents a low rate of discontinued business ideas, 50.2% of those were due to Swiss bureaucracy.
Another important fact brought by the report is the low rate of founding activity among 18-24 year olds in the country. The article points out some hypotheses that could explain the low rate of young entrepreneurs in Switzerland, such as lack of self confidence and unwilling to leave their comfort zone, which would be working as an employee. Maybe if entrepreneurial incentives and trainings were introduced earlier in education, this situation would be changed.
Even though main entrepreneurial initiatives don’t currently come from youth, having young people in this business sector can bring great results: New business work well with new ideas. By working with AIESEC and recruiting young talents from abroad for your startup, you can contribute to making entrepreneurship more attractive for Swiss youth, as well as having access to new and creative ideas!
For more informations about working with AIESEC, register here at http://bit.ly/AIESEC_4_StartUps .