The COVID-19 pandemic has brought an unexpected level of uncertainty worldwide. However, not everyone responds to uncertainty in the same way. This study examines the fundamental constructs of entrepreneurship - entrepreneurial intention and entrepreneurial alertness - in the context of the new uncertainty created by the pandemic. The study design included the CAWI method and a sample of students from two higher education institutions in Bosnia and Herzegovina. Consistent with previous studies, the research results confirmed a strong positive relationship between entrepreneurial alertness and the main elements of the theory of planned behaviour. The final model shows a partial mediation effect of attitude and control variables in the relationship between evaluation and judgement (the dimension of entrepreneurial alertness) and entrepreneurial intention. In addition, the results suggest that pandemic-induced uncertainty is not related to individuals’ decisions to start a business. However, the perception of the pandemic as a threat may increase individuals’ willingness to be alert. The results are discussed, considering entrepreneurial intention and alertness as predictors of entrepreneurial behaviour and their sensitivity to current environmental uncertainty.

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The transformation of a traditional research university to an entrepreneurial university is increasing because of the reduction in university funding from government sources and the constant emergence of a competitive market for research and education. A new approach has emerged, focusing on promoting the spillover of knowledge through university entrepreneurship. The creation of an entrepreneurial culture and the movement towards a Triple Helix model is a complex task that requires the efforts of many dedicated individuals. Universities as centres for knowledge creation and diffusion can be leveraged to generate future economic growth. For small transition countries, it is important that universities operate under policies that encourage entrepreneurship and innovation. The education of young people about entrepreneurship represents a highly valuable preparation for constant changes in the labour market. Entrepreneurial education is crucial to help young people develop entrepreneurial skills, attributes, and behaviour, as well as to embrace entrepreneurship as a career option.

No abstract

The transformation of a traditional research university to an entrepreneurial university is increasing because of the reduction in university funding from government sources and the constant emergence of a competitive market for research and education. A new approach has emerged, focusing on promoting the spillover of knowledge through university entrepreneurship. The creation of an entrepreneurial culture and the movement towards a Triple Helix model is a complex task that requires the efforts of many dedicated individuals. Universities as centres for knowledge creation and diffusion can be leveraged to generate future economic growth. For small transition countries, it is important that universities operate under policies that encourage entrepreneurship and innovation. The education of young people about entrepreneurship represents a highly valuable preparation for constant changes in the labour market. Entrepreneurial education is crucial to help young people develop entrepreneurial skills, attributes, and behaviour, as well as to embrace entrepreneurship as a career option.