CHALLENGES AND OPPORTUNITIES FOR ENTREPRENEURSHIP IN THE ARBITRATION INDUSTRY
Authors: Saha Tuhin 
Published: June 2024

The entrepreneurial ecosystem has gained significant attention due to its vital role in fostering innovation, economic growth, and job creation. Arbitration, as an alternative dispute resolution mechanism, holds potential for addressing conflicts and disputes that may arise within the entrepreneurial landscape. The paper aims to provide insights into the benefits and challenges of arbitration for entrepreneurs and examine its impact on the entrepreneurial ecosystem. The paper begins with an introduction that provides background information on the entrepreneurial ecosystem and defines arbitration. It highlights the research problem, emphasizing the importance of understanding the role of arbitration in supporting entrepreneurship. The literature review synthesizes existing research on entrepreneurship, arbitration, and their interplay. It explores key concepts and theories, identifying gaps in the literature that need further exploration. This review forms the foundation for the subsequent analysis. The methodology section outlines the research approach, which includes qualitative data collection methods such as interviews and case studies. It also describes the selection criteria for research participants or cases, ensuring a comprehensive understanding of the topic. The main body of the paper examines the role of arbitration in the entrepreneurial ecosystem. It analyzes how arbitration mechanisms impact entrepreneurship, considering the benefits and challenges faced by entrepreneurs when engaging in arbitration. Case studies and examples illustrate the real-world impact of arbitration on entrepreneurial endeavors. Furthermore, the paper delves into the legal framework governing entrepreneurial arbitration. It explores relevant laws and policies, assessing their implications for the ecosystem. By understanding the legal context, policymakers can make informed decisions to promote and enhance arbitration as a viable option for entrepreneurs. To provide a well-rounded perspective, the research incorporates the entrepreneurial perspectives on arbitration. Through surveys or interviews, the experiences of entrepreneurs with arbitration are explored, along with their perceptions of it as a dispute resolution mechanism. Factors influencing entrepreneurs' willingness to engage in arbitration are also examined. Based on the findings, the paper concludes with recommendations and policy implications. It proposes actionable suggestions for entrepreneurs, policymakers, and arbitration institutions, aiming to enhance the role of arbitration in supporting entrepreneurship. The conclusion also identifies areas for future research, encouraging further exploration and development of the topic. In summary, this research paper investigates the role of arbitration in shaping the entrepreneurial ecosystem. By examining its benefits, challenges, legal framework, and entrepreneurial perspectives, this study contributes to a deeper understanding of the impact of arbitration on entrepreneurship and provides valuable insights for stakeholders involved in fostering an entrepreneurial-friendly environment