There is currently a growing range of academic programs aimed at entrepreneurship around the world. There is even one Precedence from The Princeton Review Here the most important universities for the study of entrepreneurship in elementary and higher education are rated. Oddly enough, these lists of 50 universities at each level consist only of North American universities, with the exception of Tecnológico de Monterrey, which ranks fifth in the student category in its 2021 edition.
Several scientific studies on entrepreneurship ecosystems have confirmed the interdependence of the actors in them, with universities, government and entrepreneurs being the most relevant for promoting entrepreneurship, among others. In this article I will focus on the specific actions of universities as triggers and drivers of entrepreneurial activity. It is worth noting that there is a lot of research going on right now on the development of entrepreneurship among university students, and the largest of these is the Global University ial Spirit Students’ Survey or assumptions for its acronym. The OECD also conducted a study in Germany on how universities lead the way to entrepreneurship, and the World Economic Forum published an article on building entrepreneurial universities, both of which were taken into account.
- Related: Is It Really Worth Leaving College To Do Something? Steve Jobs, Marc Zuckerberg and Larry Page did it
According to the global report of the assumptions In 2018, the university context plays a key role in which entrepreneurship education and corporate culture determine the entrepreneurial intentions and activities of students. When analyzing the list of universities where you want to study entrepreneurship The Princeton Review and you cross it with him Precedence of global ecosystems that published Starting genome, You will find that they match in most cities. It is no accident that the presence of highly qualified universities coincides with the development of the entrepreneurial ecosystem. How is the infamous case of Silicon Valley Where there are more than ten universities are the most important Standford Y. UC Berkeley.
Government itself also plays a key role, as it can develop programs and public policies that regulate activities by either promoting productive sectors and / or improving the conditions for business start-ups and conditions for intellectual property rights to seize opportunities Has. . However, I believe that universities have a much less politicized mission that favors the ecosystem and are already centers of knowledge that are barely recognized as catalysts for entrepreneurship.
One example is a country very far from the United States that has recognized this potential, Qatar in the Middle East, the headquarters of the World Cup. FIFA 2022, who initiated the development of since 1997 as part of the Qatar National Vision 2030 Educational city, a 12 square kilometer infrastructure compendium that houses eight international universities, research institutes, business incubators, technology and cultural parks, and more.
This year I will coordinate the deployment and implementation of the project assumptions in Qatar for the first time since my dig at HEC Paris University in Qatar as a postdoctoral fellow on the entrepreneurship ecosystem. I saw the joint efforts of key stakeholders to promote a long-term strategic plan (Qatar National Vision 2030) that includes innovation, science and entrepreneurship as axes for the transformation of the economy and the transition from the base to oil and gas based on knowledge. I wrote a book about this entrepreneurship ecosystem and when I compared what is being done in other parts of the world to my experience studying ecosystems of emerging economies, I concluded that there are three ways universities can do Develop by contributing to the ecosystem in which they are established.
1. As a breeding ground for talent
According to the Global ship Monitor, there are around 582 million entrepreneurs worldwide, 7.7% of the world’s population. This means that more than half of the world works or will work for a company or organization. However, most aspire to be entrepreneurs and therefore not all manage to do so. There could be several reasons such as: B. Fear of failure, lack of education, lack of capital, ignorance, etc.
Universities, for their part, are already a filter for people who have achieved a higher level of education and who one day strive for better working conditions. Universities are, among other things, increasingly competitive and strive for international accreditations, such as QS ranking, Financial Times, EQUIS, AACSB, EMBA, etc. It depends on the subject, but it is something that is common in practice Leaderboards is that they are being asked to oversee the recruitment of former students, i.e. to know what they will work in after graduation, whether there have been any salary increases, whether it has taken them a long time to find work, and now whether it is them Partner in a company.
This shows that the university plays a vital role in not only preparing the workforce of existing organizations, but also preparing the next generation of entrepreneurs. ship is considered to be the main engine of economic development because of its contribution to internal production and job creation. As a result, today university degree programs are being updated and expanded to include skills development and knowledge acquisition for entrepreneurship. Many pursue interdisciplinary approaches and new teaching methods, so that the students have already experienced in a controlled environment how they can develop a business idea before graduation. In more developed entrepreneurship ecosystems, students do these types of internships with local companies, making the relationship with the industry increasingly important to universities.
2. As an incubator for business ideas
Regardless of whether the students study certain programs such as a bachelor’s degree in business formation or a MBA In the field of entrepreneurship and innovation, universities provide business creation programs to all schools (medicine, humanities, architecture, engineering, etc.) and interested workers. Some even have accelerators and technology transfer offices, but I’ll discuss the latter in the next section. On the part of the university’s incubators, they act more as headhunters or hunters of internal projects that the students develop in various programs and courses to help them avoid getting lost and being followed up. To achieve this, they organize entrepreneurial competitions with attractive prizes for the winning projects.
University business incubators are empowered to offer specialized mentoring and training and usually act as an autonomous institute of the university. Many offer physical space and assistance in raising capital early to develop the business model. In most cases, the faculty has an important connection to the incubator or entrepreneurship center of their university, as they can participate as mentors. More importantly, however, they must be fully aware of projects that are emerging from the classrooms and can channel them.
3. As a mentor in knowledge transfer
Universities that also conduct applied research as part of their accreditation activities are increasing in patents, articles and registered intellectual property rights. Faculty members and students work more and more closely together on research projects where experience and creativity grow together. Universities also have the opportunity to obtain funding for research through recognized researchers to win.
The problem is when research remains in publications rather than being used as a business opportunity. Hence a different way of contributing to development. The universities of the local entrepreneurship ecosystem connect with industry and advise on knowledge transfer. Knowledge transfer can be achieved through licenses, advice, Spin-offs, among other. To realize this potential, universities sometimes open technology transfer and / or research offices so that they do not miss their own opportunities.
The WITH It was one of the best-known examples of the creation of a university micro-ecosystem that promotes the transfer of research and development for innovation. This university has four research support centers and five more to provide direct student support, as well as student associations focused on scaling technology-based projects for entrepreneurship and innovation.
Somehow, the proximity between universities, research centers and universities leads to more mature ecosystems for entrepreneurship. The difficult thing is to restore conditions in other countries with different economies, different cultures, laws, etc. This is why you are suggesting not to replicate a Silicon Valleybut understand what works for them and adapt to local conditions as you evaluate the development you have. The assessment of entrepreneurship ecosystems is usually based on the total risk capital raised by companies, the number of exits in the public offering or initial public offerings and number of starts created. For universities, it is recommended to do a very similar follow-up and update of the assessment among alumni for which the assumptions it can serve very well.