Enterprise Education – what’s it all about?

1. Enterprise Education – what’s it all about? Christina Hartshorn Head of Enterprise and Competition Policy

2. Outcomes of Entrepreneurship Education Personal life, Public/private sector, Commercial/ not for profit Skills, behaviours, attitudes enterprising people new organisational ventures As individual/team business start up Within communities and society As spin outs from, or developments within a business Hartshorn 2001

3. What is Entrepreneurship? Entrepreneurship is the ability to create and build something from practically nothing. It is initiating, doing, achieving and building … rather than just watching, analysing and describing … It is the knack of sensing an opportunity where others see chaos, contradiction and confusion (Timmons, 1989)

4. Personal Skills Behaviours Values Life world Skills application to New Venture Organisational Development and Design The Concept of Enterprise and Entrepreneurship = innovation in organisation, pedagogy, knowledge, R&D, stakeholder relationships Gibb, 2010

5. Potential contribution of Entrepreneurship Education • Relevance to personal development needs • Generic personal skills for all students • Positive interest/motivation towards self employment • Self Efficacy • Support business start-up • Student learning links to small business • Transition/work in a small business Gibb, 2010

6. Where and what are we teaching?

7. Educational activities for entrepreneurship

8. Team projects to develop business ideas: University of Durham Biology Enterprise module • Open to final year undergraduates in biological/biomedical science • Small teams to reflect business scientific knowledge sector working • Use of near-to proven ideas/anticipated knowledge to generate excitement • Curiosity driven and real time learning

9. Reflective report assignments: University of Strathclyde entrepreneurship modules • Undertake practical assignment • Write report reflecting what you learned about yourself from the task • Relate that learning to other areas in your life – other courses and subjects hobbies and societies • Measure progress in mastery of skills

10. Idea Generation & Business Plan Competitions: south east England • Make A Difference (MAD) Ideas competition • Using under/postgraduate course project work to generate and develop business ideas • 24 universities from south east England, 7,000 interested students • Support for students to develop ideas into businesses • 17 finalists exposed to companies and Venture Capital investors in celebratory exhibition • Prize money for winners

11. Craig Hellen, BSc Product Design and Innovation, University of Portsmouth, 2007, Founder Podchains includes Bex Media brand. ‘I can trace all my entrepreneurial activities back to one event. Seeing and taking the time to fill out the original application for the MAD Ideas competition, over 4 years ago. I can safely say had I not done that I would be in a CAD job somewhere doing things that are nowhere near as fun or challenging! ’

12. Student-led societies: Oxford Entrepreneurs • Inspiration from speakers - top entrepreneurs and innovators • Learning and sharpening skills in practical workshops led by leading practitioners • Networking events – Meeting like-minded students and being part of a dynamic community of entrepreneurs • Running a company while studying with free support and advice • Idea Idol Competition with prizes of £10,000 • Incubation Centre the first in Europe run by students

13. Thank You Any Questions?