Identifying Entrepreneurial Mindset at Academic Level to Create More Industrial Enterprises for Future MSME Sector

Abstract

The present article aims to explore the use of new technology in creating an entrepreneurial mindset at academic levels. In the ever-fast-changing modern world, the use of digital banking services is growing gradually, and technological developments are driving the same. The article aims to propose the use of technology-based banking services such as neo-banking for supporting the innovations and ideas generated at the academic levels. This approach will create more industrial enterprises at the ground level and later with proper guidance and mentoring will take the shape of the future micro, small and medium enterprises (MSMEs). Research article findings indicate that the use of technology and identification of suitable innovations benefiting society are major factors in the establishment of an MSME at an early stage. Further, a systematic framework is required to create MSMEs in making from the academic level. Innovations must be supported so that they can be commercialised for the benefit of the innovator as well as the society. This will promote social entrepreneurship. The findings of the article will provide deeper insights for the banks as well as different government agencies to formulate their strategies in the context of supporting innovations and entrepreneurship at the academic level.