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Innovative and new ideas for entrepreneurship can further develop the country’s economy and absorb the growing workforce, experts said yesterday.
Traditional enterprises are not that profitable and are facing huge competition, necessitating the need to come up with new ideas that will ensure profit and contribute to the economy’s growth, they said.
“Just a plan to do something can generate entrepreneurship among students and keep students away from job-seeking tendency,” said Golam Dastagir Gazi, textiles and jute minister.
The minister spoke while addressing a programme styled “Journey of innovators and entrepreneurs” organised by the Innovation, Creativity, and Entrepreneurship (ICE) Center of the Dhaka University on the eve of its anniversary at the Senate Hall.
The minister said those who think a lot can generate new ideas about entrepreneurship. According to him, capital is not a big barrier to be an entrepreneur.
“If someone has no money to start a business, he or she will have to find a job to earn money before venturing out to implement their plan individually or under joint venture.”
“Once a business gets a shape, financing will not be a problem.” The minister said if a student chooses a job as a career which is risk-free, he or she will never be able to break the so-called mindset and use their merit.
Nihad Kabir, president of the Metropolitan Chamber of Commerce and Industry, said there is a need to overhaul the education system in order to change the so-called mindset. “We want to encourage the talented and good students to come to entrepreneurship so that they can use their merit and contribute to the nation.”
She said new generation entrepreneurs are highly required to create jobs for the 20 lakh people who are joining the labour force every year.
Osama Taseer, president of the Dhaka Chamber of Commerce and Industry, suggested building up a strong mindset among students to take risks instead of running after risk-free jobs.
He stressed the need for a collaboration between different stakeholders to create an effective entrepreneurial environment.
Shah Ali Farhad, special assistant to the prime minister, said the government would frame a policy to create young entrepreneurs.
A cultural paradigm shift should take place to create the proper ecosystem for the new entrepreneurs, he said.
Muhammad Abdul Moyeen, a professor of organisation strategy and leadership department at Dhaka University; Zeba Islam Seraj, chairperson of the biochemistry and molecular biology department; Khondkar Siddique-e-Rabbani, honorary professor of biomedical physics and technology, and Rashedur Rahman, executive director of the ICE Center, also spoke.
(TDS)
