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Entrepreneurship education sets to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings.
Variations of entrepreneurship education are offered at all levels of schooling from primary or secondary schools through graduate university programs. [1] [2] [3]
Entrepreneurship education focuses on the development of skills or attributes that enable the realization of opportunity, where management education is focused on the best way to operate existing hierarchies. Both approaches share an interest in achieving "profit" in some form (which in non-profit organizations or government can take the form of increased services or decreased cost or increased responsiveness to the customer/citizen/client).
Entrepreneurship education can be oriented towards different ways of realizing opportunities:
Entrepreneurship For Kids:
To catch them early is the vision. Based on certain research in India & Israel, Schools are now incorporating new courses for young students. Founder of Leader To Creator Entrepreneurship for kids Pradeep Mishra started this program in schools in India. The kids are taught about business and economics at a very young age. Students are exposed to a controlled economic environment for better learning outcomes.
Multidisciplinary
Since multidisciplinary is important to entrepreneurship, it is important to teach entrepreneurship in a multidisciplinary environment in order to create help students to work with peers from different fields of study and educational level. [13]
{{cite web}}: CS1 maint: archived copy as title (link)A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorns.
A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services, starting with management training and office space, and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
Inclusive entrepreneurship is about a set of attitudes, competences and skills which allow people to turn their dreams into concrete projects or “enterprises” and then see these through to fruition. It is about more than starting an individual business. Inclusive entrepreneurship can be applied to self-employment, starting or growing micro or small enterprises and to social enterprise using business based approaches driven by social mission. Indeed, the personal qualities required for entrepreneurship are essential for success in the knowledge economy – whether this be in the private or public sectors.
Stephen Gilfus is an American businessman, entrepreneur, architect and engineer known as "The Father of Modern E-Learning". He is a founder of Blackboard Inc. and CourseInfo LLC, where he held executive positions from 1997 to 2007. In July 2007, Gilfus started a global education think tank in Washington, DC, focused on education innovation.
Discovery Park is a 40-acre (160,000 m2) multidisciplinary research park located in Purdue University's West Lafayette campus in the U.S. state of Indiana. Tomás Díaz de la Rubia, an energy and resources industry executive who also spent a decade as a top scientist and administrator at Lawrence Livermore National Laboratory, serves as Discovery Park's Vice President.
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and potentially involving values besides simply economic ones.
The African Leadership Academy (ALA) is an educational institution located in Roodepoort on the outskirts of Johannesburg, South Africa, for students between the ages of 16 and 19 years old, with current alumni coming from 46 countries.
SKEMA Business School is a French business school devoted to higher education and research. It has the legal status of a non-profit association under the French "1901 law". It was founded in 2009 as a result of the merger between the Ecole Supérieure de Commerce (ESC), Lille and CERAM Business School, Sophia Antipolis. The Lille school was founded in 1892 and CERAM in 1963. It offers programmes such as a BBA in Global Management, Master of Science, EMBA, doctorates in Business Administration.
The Business Association of Stanford Entrepreneurial Students (BASES) is a student group at Stanford University focusing on business and entrepreneurial activities. One of the largest student-run entrepreneurship organizations in the world, BASES' mission is to promote entrepreneurship education at Stanford University and to empower student entrepreneurs by bringing together the worlds of entrepreneurship, academia, and industry. BASES organizes the flagship 150K Challenge, Entrepreneurial Thought Leaders' Seminar, the SVI Hackspace, E-Bootcamp, and the Freshman Battalion.
Kaospilot is a disruptive education provider and facilitator of learning experiences for individuals, communities and organizations located in Aarhus, Denmark, and surrounded by the creative and vibrant areas of Filmbyen and Sydhavn, at the edge of the city harbor.
An entrepreneurial ecosystem or entrepreneurship ecosystems are peculiar systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures.
Sabancı University, established in 1994, is a young foundation university located on a 1.26 million squaremeter campus which is about 40 km from Istanbul's city center. Its first students matriculated in 1999. The first academic session started on October 20, 1999.
L. J. Institute of Management Studies (LJMS) is a private (non-profit) management institute located in Ahmedabad, Gujarat, India. Institute is approved by All India Council for Technical Education and is the part of L.J. Group of Institutes managed by Lok Jagruti Kendra (LJK) Trust. Institute is affiliated to Gujarat Technological University.
Jumpstart Academy Africa is a for impact social venture which utilizes entrepreneurial leadership and mentoring to solve Africa’ human capital problem which starts at the secondary school level. The founding mission of the Academy is to create a wave of entrepreneurial leaders by pioneering a world class Leadership and Entrepreneurship curriculum.
The Minister of Small Business Development is a Minister in the Cabinet of South Africa.
"Work-based learning (WBL) is an educational strategy that provides students with real-life work experiences where they can apply academic and technical skills and develop their employability." It is a series of educational courses which integrate the school or university curriculum with the workplace to create a different learning paradigm. "Work-based learning deliberately merges theory with practice and acknowledges the intersection of explicit and tacit forms of knowing."
Clusters of Innovations (COI) have been defined in 2015 as "global economic hot spots where new technologies germinate at an astounding rate and where pools of capital, expertise, and talent foster the development of new industries and new ways of doing business."
The Igbo apprentice system, also known as the Igbo trade apprentice system and commonly referred to as ′Igba-Odibo/Igba-Boi/Igba-Boyi/Imu-Ahia/Imu-Oru′, is a framework of formal and informal indentured agreements between parties that ultimately facilitate burgeoning entrepreneurial communities within the Igbos. It is an economic model practiced widely by Igbos and originated in South-Eastern Nigeria. Its purposes were and still remain to spur economic growth and stability, and sustainable livelihood by financing and investing in human resources through vocational training.