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The aim of this paper was to define and quantify significant factors that potentially influence university students’ propensity for entrepreneurship. A part of this aim was a comparison of defined factors in the Czech and the Slovak Republic. A survey-based research was conducted with university students in the Czech Republic and Slovakia. 409 students in the Czech Republic and 568 students in Slovakia were approached during this research. To verify the defined scientific hypotheses, two custom Indexes were created: the Business environment Index and the Propensity for Entrepreneurship Index. The research results brought interesting findings. Even though the aggregated Business environment Index proved to be lower in Slovakia than in the Czech Republic, Slovak students’ determination to run a business is higher. The evaluation of respective constructs was quite similar. Students in both countries gave the advantages of entrepreneurship and the quality of education a similar rating. In Slovakia, the third most important construct was Access to financial resources, and in the Czech Republic, it was the Quality of the macroeconomic environment. According to Slovak students, the most significant factors determining the quality of the business environment and the propensity for entrepreneurship are: business allowing them to fully utilize their own skills, a better career growth and interesting job possibilities, as well as financial support from the state. Similarly, Czech students positively assessed the possibility of utilizing their skills, and gave the quality of university education in the context of entrepreneurial activities a very positive rating. Students in Slovakia view the state’s role in establishing business environment as a significantly negative factor. The students in the Czech Republic view media’s attitude towards entrepreneurs as very negative. This research has its limitations, but it has brought interesting findings and a possible inspiration for further research aimed at university students’ propensity for entrepreneurship.
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