Strengthening the entrepreneurial ecosystem through innovation: A case study of Pasundan University

Abstract

This study explores the entrepreneurial ecosystem's influence on fostering innovation among students at the Faculty of Social and Political Sciences, Pasundan University. It aims to identify how material, social, and cultural attributes within the ecosystem impact student innovation. A quantitative approach was employed, utilizing questionnaires distributed to 386 students who had taken entrepreneurship courses. Path analysis was conducted to evaluate the relationships between ecosystem dimensions and innovation. The results reveal that the entrepreneurial ecosystem positively impacts innovation. Material, social, and cultural attributes significantly contribute to fostering innovative capacities, with cultural attributes exerting the strongest influence. This underscores the importance of a supportive environment in promoting entrepreneurial initiatives and creative thinking. Strengthening entrepreneurial ecosystems within universities is vital for cultivating innovation. The interaction of material, social, and cultural attributes fosters a conducive environment for developing student entrepreneurial potential. Institutions should prioritize policies that enhance infrastructure, mentorship, and entrepreneurial culture. These include developing business incubators, increasing access to mentors, and fostering a supportive cultural environment that encourages entrepreneurial pursuits. This approach ensures long-term sustainability and competitiveness for students and universities in the global economy.