An Empirical Analysis of Local Governments’ Support for College Students’ Innovation and Entrepreneurship

Abstract

In order to improve the results of college students' innovation and entrepreneurship, local governments need to analyze from the perspectives of support policies, financial support, innovation model guidance and government-enterprise cooperation. Therefore, this paper proposes several assumptions. There is a positive correlation between government financial support and entrepreneurship rate, and whether government-enterprise cooperation, model guidance and financial support are the main influencing factors of college students' innovation and entrepreneurship support. The results showed that the innovation model was the indirect factor of college students' innovation and entrepreneurship, with an impact of 0.63, the government-enterprise cooperation was a secondary factor, and the influence was 0.89, the impact of policy and financial support on college innovation and entrepreneurship was a short-term impact, the government support policy was a long-term impact, and the school-enterprise cooperation was an intermediary factor. Therefore, local governments should strengthen early financial support and introduce support policies to promote the development of college students' innovation and entrepreneurship and ensure the effect of innovation and entrepreneurship.