Startup Boom in 3-5 Years: 60% of Gen Z Are on the Path to Entrepreneurship!

At Impulse Generator Fund, we are passionate about the transition of ambitious ideas into reality. A recent study conducted by Apeiron Ventures with Z Link highlights a trend that is in line with our mission. It showed that over 60% of Gen Z Europeans hope to start their own business within three to five years. Gen Z entrepreneurs are going to change the world of startups with new technologies and ideas.

This study of 691 participants between 17 and 26 years old from 14 European countries. The survey included such countries as Britain, Greece and Moldova and explored Gen Z entrepreneurs’ aspirations and challenges. The study showed their enthusiasm for entrepreneurship being on display. Also, the study showed that there’s a shift in priorities across the business landscape.

A Generation Redefining Entrepreneurship

The survey highlights a remarkable shift in the aspirations of business professionals. If we take a closer look at the survey, we can see that 91% of respondents say that social and environmental impact is fundamental to their purpose-driven startups. At the same time, flexibility and autonomy are also a top priority: 57% want to fully control their working hours, independently. Moreover, 58% are motivated by the potential to contribute to society.

Gen Z entrepreneurs are also into technologies, such as AI. In the age of digitalization, AI allows them to make their operations more efficient and innovate with fewer resources. The aim is to shake up sectors, perspectives, and approaches to the market with technological savvy and a value-based approach.

The Challenges Ahead to Entrepreneurs

Despite all the possibilities, young entrepreneurs experience a number of barriers on their way to success. The most important are access to securing startup funding, knowledge of the marketplace, and specific skills relating to finance, networking, and marketing. To achieve success and launch new startups in the future, we need to focus fully on strong support mechanisms to address the specific needs of these entrepreneurs.

How IGF Supports Emerging Entrepreneurs

IGF is committed to supporting the next generation of innovators and businesses. We bridge the gap between vision and execution by connecting startups with investors. We understand the importance of combining financial growth with purpose-driven initiatives that resonate with Gen Z’s entrepreneurial values.

As research shows, this generation is motivated by the potential to make a difference as well as profit. Gen Z will definitely bring new ideas to the world by launching startups. With the usage of AI and other new technologies, they’ll have a lot of possibilities and fewer barriers to development. IGF is ready to guide them on their journey to turn ideas into impact and reshape the future of innovation-driven businesses.