An Assessment of Entrepreneurial Ecosystem: the Case of Saudi Arabia
2020 IEEE Technology & Engineering Management Conference (TEMSCON)
This study provides an assessment of some aspects of the entrepreneurial ecosystem in the kingdom of Saudi Arabia. A quantitative survey based on a literature review has been conducted on fifty Saudi entrepreneurs and decision-makers. The concept of entrepreneurial ecosystems is an emerging concept and there is limited little research on this topic and very rare work on the Saudi case. This paper provides recommendations to support the Saudi entrepreneurial ecosystem. The study recommends improving university educational programs that encourage entrepreneurship, reducing the bureaucracy level with starting new businesses, and increasing the adoption level of new technologies. The study illustrates that government support, individual support, and education are the major factors influencing the entrepreneurship ecosystem. While the top challenges were found to be the lack of individual skills, government regulations, society culture, and economic deterioration.
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Almuzel, M., & Anderson, T. (2020). An Assessment of Entrepreneurial Ecosystem: The case of Saudi Arabia. Institute of Electrical and Electronics Engineers (IEEE). https://doi.org/10.1109/temscon47658.2020.9140140