International Journal of Entrepreneurship Volume 23, Issue 2, 2019 1 1939-4675-23-2-281 DETERMINANTS OF ENTREPRENEURIAL INTENTION AMONG MILLENNIAL GENERATION IN EMERGING COUNTRIES Setyo Ferry Wibowo, Universitas Negeri Jakarta Dedi Purwana,Universitas Negeri Jakarta Agus Wibowo, Universitas Negeri Jakarta Ari Saptono, Universitas Negeri Jakarta ABSTRACT This study aimed to investigate the role of contextual factors on entrepreneurial intention. Perceived educational support, perceived structural support, perceived formal network support, and perceived informal network support are treated as antecedents of entrepreneurial intention. In this study, 300 final year students were selected as sample from five universities in Jakarta, the capital city of Indonesia. The collected data were analysed through Structural Equation Modelling (SEM). This study carried out some findings. First, the role of perceived educational support, perceived structural support, and perceived formal network support were not proven. In contrast, we found perceived informal network support affects students’ entrepreneurial intention. Keywords: Millennial Generation, Structural Support, Informal Network Support, Formal Network Support, Education Support, Entrepreneurial Intention, Emerging Countries. INTRODUCTION Entrepreneurship still had its attraction for researchers due to the recognition of entrepreneurship’s contribution towards the nation's economic growth and competitiveness (McClelland, 1961; Porter, 1990; Ari Saptono, 2018). Thus, this attention leads to the awareness of the importance to increase the number of entrepreneurs. Despite this awareness, the proportion of entrepreneur in emerging countries still limited; reflecting the need to escalate the entrepreneurial intention. According to Global Entrepreneurship Monitor (2015), at the period of the year 2013 to 2014, most of emerging countries show negative growth of entrepreneurial intention. Entrepreneurial intention rate represents the percentage of the productive age group of society (18-64 years old) which had intention to run a new business for the next three years. Among those countries, Indonesia showed the biggest one (4.7% to be exact); compare to Malaysia (-0.2%) and Philippine (-1.4%). As the 5th largest countries in the world, this negative growth became a concern of all parties within the country, particularly government, considering the effect to the unemployment rate. Many efforts had been made; include designing entrepreneurship programs for university students, courses for the owners of small and medium enterprises, and deregulation to facilitate funding for small and medium enterprises.