The Role of Entrepreneurship in Education

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Entrepreneurship is cropping up regularly in educational conversations – this focus represents a new era for world-class education, employment and work.  This is why schools and universities in Australia are working on adopting entrepreneurialism within the curriculum, encouraging students to develop the skills required for the future workforce.

Education is generally regarded as the driving force behind every country’s economic growth success.  Increasingly schools and institutions are supporting students to solve real world problems and integrate entrepreneurship with other key subjects, projects or competencies.  However, feedback from employers and industry sometimes highlights that students in secondary schools, VET providers or Universities, lack highly-developed skills and inventive thinking to work efficiently addressing complex challenges involved in the workplace. As a result, an entrepreneurial mindset, the capability to not only to start your own business, but also to think resourcefully and creatively, is important to be included in formal curriculum and training.

Entrepreneurship education helps students from all backgrounds to develop talent and skills relevant for all job roles.  It generates opportunities, enables social justice, inspires confidence and encourages growth and development.  Introducing students to entrepreneurship develops inventiveness, assisting them to be more imaginative and confident in whatever they embark on for future pathways and jobs.  There are infinite ways to integrate entrepreneurial capabilities into curriculum using a real world problem solving methodology.

Students can follow lean startup techniques, identify questions, ask questions and learn from leading entrepreneurs.  Evidence, data and information can be collected to validate a Minimum Viable Product (MVP) and/or service with customer insight and feedback driving product development.

Being challenged to come up with innovative business ideas that solve real problems, where others are attracted to buy your products and services, is at the core of learning outcomes.  Validation enables discussion with budding entrepreneurs and potential audiences for the product or service, feeding into modifications or improvements, which will be more appealing to customers.

Helping students to imagine that product or service from a different viewpoint, where customers are also making suggestions on the various applications, will uncover possibilities and new markets.  Teaching entrepreneurship in education is a committed process, and it is recommended that students are given the freedom to explore ideas and areas of interest, where teachers and educators also develop a firsthand experience of entrepreneurship, applying lean startup principles.

If you are interested in developing entrepreneurial education experiences that includes the best elements from Australia and stand out ideas other countries, please contact Wendy Perry, Managing Director, Workforce BluePrint via wendy@wb.switchstartscale.com.au.

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