Youth entrepreneurship has emerged as an important solution to dealing with unemployment and economic downturns in developing countries like Bangladesh. Although the current research literature tends to emphasize the general economic environment, a limited focus has been given to university students of Bangladesh who intend to establish their careers in entrepreneurship, and this research addresses that gap. This study's key objective is to assess university students' youth entrepreneurship and its contribution to employment creation in Bangladesh. The study followed a mixed method, containing both qualitative and quantitative approaches to collecting data through simple random and snowball sampling. This included a survey of 440 students and in-depth interviews (IDI) of 10 students from different universities in Bangladesh who run their entrepreneurial businesses. The study found a statistically significant association between access to funding and the number of people employed in the business as per the chi-square test result (p<0.05). The study showed that access to funding in youth entrepreneurship plays an influential role in determining the level of employment creation. On the other hand, the study found a relationship between support from university programs (p>0.05). It confirmed that the university programs might generally support university-going entrepreneurs, but they do not appear to influence employment levels significantly. The study addressed some of the significant challenges students faced in entrepreneurship, including financial risks, lack of funding, lack of mentorship, competition in the market, etc. Entrepreneur students from various universities can benefit from increased access to funding, mentorship, and skill development by networking with venture capitalists through various university programs. Promoting entrepreneurship will ultimately help minimize the unemployment problem in Bangladesh.