Overview Problem Definition Entrepreneurship is originates from the word entrepreneur which according to the Oxford dictionary is “a person who sets up a business or businesses, taking on financial risks in the hope of making profit.” A recent research conducted by the Forbes with Odesk (the leading online employment agency) shows that the definition of an entrepreneur has gradually shifted from “someone who starts a company” to a more modern definition that is found on the basis of the innate mindset of an individual who explores change, responds towards an opportunity and acts on it 1. The idea of entrepreneurship was initially invented in the 16th century, and the meaning has been changing over and over. According to Howard Stevenson (professor of economics at the Harvard Business School) entrepreneurship is the pursuit of opportunity beyond resources controlled 2 . Entrepreneurship is influenced by the following factors: E conomic factors: availability and size of capital, availability and quality of the labor force, availability of raw materials, market size and level of development of the infrastructure. Social factors : case factors, family background, education, attitude of society and cultural values. Psychological factors : need achievement, Withdrawal of Status Respect, motives and willingness to take risks 3. Entrepreneurship in developed countries The USA The United States has the highest level of Entrepreneurial activities among advanced economies with about 12 in every 100 people engaging in entrepreneurial venture 4. The success of entrepreneurialism in the US is due to a number of Factors; Access to capital, research and quality infrastructure; the relationship between American universities and Industries is very close and the education system focuses on promoting entrepreneurship. The US has a culture that promotes experimentation and risk taking with an open immigration policy and good regulation structures that allow firms venture into new markets while allowing less productive firms to survive 5 Finland Entrepreneurship is considered as solution Finland’s challenges of job creation, economic growth and competitiveness. Success in entrepreneurship is highly attributed to the support from the government which has created entrepreneurship policies that support industrial development focusing mainly on SMEs and that remove obstacles for entrepreneurial startups and growth. Numerous entrepreneurship promotion programs are implemented regionally and nationally. Entrepreneurship is embedded in the education system; from the elementary school curriculum up to higher education institutions. Universities conduct researches related to entrepreneurial development 6 Sweden Sweden relies on entrepreneurial development for its competitive growth. The Swedish government has set up policies that favor a culture of entrepreneurship development. Success of entrepreneurial development in Sweden is also attributed to its education system that promotes entrepreneurial studies in universities 7. UAE Entrepreneurs in the UAE encounter difficulties of investing their resources in new business ideas due to stiff competition. These challenges inclu