The purpose of this article is to present the results of a pilot study in which the new instrument was developed and tested to measure the formation of entrepreneurial intentions in multi-country context. The developed instrument was largely based on the Theory of Planned Behavior (Ajzen (1991). In the pilot study, the authors were also paying attention to two issues, namely (i) whether the level of entrepreneurial intentions varies as a function of country of origin, (ii) whether the relative importance of the three antecedents of entrepreneurial intentions varies as a function of country of origin, and (iii) whether the background variables exercise similar effects on the formation of entrepreneurial intentions in different countries. The empirical context of the pilot study is made of two higher education institutions (one in Finland, one in Spain) and concerns their first-year students at undergraduate programs. In the end of this paper, the authors will discuss the implications of the empirical observations of their pilot study.