Wednesday Scribbles : Education for Entrepreneurs


Notes from a changing world…
April 5th

I told myself, I am teaching entrepreneurship, so I should be an entrepreneur myself.

Dan Shechtman,
Israeli Scientist

In addition to being rich and wildly successful, Steve Jobs, Mark Zuckerberg, Richard Branson, and Kevin Rose all have something else in common: none of them graduated from college. Do these examples stand as proof that college isn’t something that entrepreneurs need to be concerned with?
Recent trends indicate that entrepreneurial education is gaining traction and entrepreneurs world over do not want to leave anything to chance. If you’re a business owner with most of your growth ahead of you, one place you may want to go to finance your expansion–as well as to learn how to manage it–is back to school.
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In the U.S. about four in ten students want to start their own businesses, according to a poll released in January by Gallup—and schools want to deliver it. The number of colleges and universities that offer courses related to entrepreneurship has grown from a handful in the 1970s to over 1,600 today.
In order to exploit the talent in emerging markets that are witnessing an unprecedented wave of entrepreneurship, lessons on starting up need to be imparted. There is growing recognition that entrepreneurship can be learnt and should be taught.
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Education for entrepreneurs in its current form and pedagogy may not work. Organizations teaching entrepreneurship need to work collaboratively to strengthen the ecosystem and maximize impact.
The Indian government recently announced support to 1.5 million Indian youth to get Entrepreneurship Education. The five-year Scheme is expected to witness setting up of more than 23,000 enterprises, thus resulting in creation of more than 230,000 direct and indirect jobs in the country.
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The University of Nairobi is targeting a KSH 500 million fund to finance innovators. The fund will be used to help develop exceptional ideas and showcase them at larger platforms.
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Indonesia launched the Wonderful Startup Academy, a development program on startups in the tourism sector. This collaboration is between the Ministry of Cooperatives and Small and Medium Enterprises, Indonesia Gallery WOW, the Ministry of Tourism, and ICSB Indonesia.
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In Latin America, organizations working on youth and development have called for investing in youth through better education, improved skills and entrepreneurship opportunities to ignite economic growth and build a solid basis for long-term progress.
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This Princeton Review looked at more than 2,000 colleges and universities in the U.S. to find the best ones that will set up entrepreneurs for success. The featured schools help hone students’ game-changing ideas, and give them access to world-class mentors (i.e. professors and alumni).
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The Youth Development Index measures progress on youth development in 183 countries, including 49 Commonwealth member states. The 2016 index and report is the successor to the Commonwealth’s 2013 report.
(Disclaimer: All information quoted here is linked to the respective source articles)
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