Great article, the whole analysis is spot-on. In a country where risk-aversion is intrinsecally rooted in the business culture, it's difficult to be serious about any business plan that dosen't lie in a well established market, but not impossible. Unfortunately, the university system (engineering, for my experience) is focused on producing well-manned corporate consultants whose main goal is to get an open-end contract, climb the ladder and wait for a bigger paycheck. Entrepreneurship isn't considered a prerogative for the 20-something 'kid', that's why it isn't taught or discussed in university classrooms.
There is lots of room for improvement, David's petition could be a first little step in the right direction.
(This is a comment I originally posted on Jesper's blog)