"We need education that creates environment for entrepreneurship," Kalam said at the city-based Entrepreneurship Development Institute.
"The education system should introduce syllabus of entrepreneurship; students right from school to college need to get skills that can provide freedom," he said.
The former President also stressed that banks should be pro-active in supporting innovations.
The global community should focus on common issues like poverty, lack of education and poor healthcare, he added.
"Today, the challenge before the world is of poverty, including in India... We need to find solutions. It is the collective responsibility of the global community. Countries should start tackling common enemies like poverty, lack of education and poor healthcare," he said.