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Entrepreneurship education in Engineering Schools. The need for promoting Knowledge Intensive Entrepreneurship. Yannis Caloghirou Ioanna Kastelli Unit of Innovation and Entrepreneurship – National Technical University of Athens. Aim of the presentation.
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Entrepreneurship education in Engineering Schools. The need for promoting Knowledge Intensive Entrepreneurship Yannis Caloghirou Ioanna Kastelli Unit of Innovation and Entrepreneurship – National Technical University of Athens
Aim of the presentation The examination of the engineering graduates capacity in undertaking knowledge-intensive entrepreneurial activities in Greece and the role of engineering education in their effort to do so.
Plan of the presentation Why promoting Knowledge Intensive Entrepreneurship is an important issue in Greece? Presentation of survey results on NTUA graduates that have undertaken an entrepreneurial venture Conclusions relating the characteristics of these entrepreneurial ventures to the role of entrepreneurship education
Why knowledge - intensive entrepreneurship is important for the Greek economy? Ιn terms of globalcompetition, Greek economy appears in a strategicposition which can be described as “stuckin the middle”. Thus, knowledge intensiveentrepreneurship can be considered as an important driver towards the revitalization of country’s competitiveness.
Characteristics of entrepreneurial activity in Greece (GEM, 2009) The lack of important entrepreneurial opportunities or the limited capability of identifying significant opportunities The reduced participation of the well-educated and highly-skilled part of the population in entrepreneurial activity The “shallow” character of entrepreneurship
Survey on entrepreneurial activity undertaken by engineers – NTUA graduates Field research: Telephone interviews using a structured questionnaire Population: 752 engineers (received their professional license from the Technical Chamber of Greece between 1996-2001). In a previous survey (2005) had declared entrepreneurs or potential entrepreneurs. Sample: 389 engineering graduates, 378 usable questionnaires. Response rate: 52%
Characteristics of entrepreneurial activity: economic sector
Characteristics of entrepreneurial activity: number of employees
Characteristics of entrepreneurial activity: sales related to innovative products / services
Characteristics of entrepreneurial activity: degree of integration of research results
Relationship between subject of scientific specialization and entrepreneurial activity
Importance of including the following courses in the NTUA curricula
Assessment of the contribution of undergraduate studies in building non-technical skills
Relevance of knowledge acquired at the NTUA to the real economic and business environment
Reasons for not undertaking a new business(% of engineers that assessed the following factors as important / very important)
Conclusions Although NTUA engineering graduates can be assessed as a group of people of increased capacity that can potentially undertake knowledge-intensive entrepreneurial activity,in their majority the entrepreneurial ventures undertaken can be characterized as self-employment, of very small size, not innovative, with no export orientation.
Conclusions Entrepreneurship education especially in Engineering Schools should focus on the development of a new entrepreneurial mindset, the improvement of the quality of entrepreneurial ventures
Conclusions Prerequisites for enhancing the entrepreneurial capacity of engineers: combination of “technical thinking” and “engineering feeling” with knowledge background on market and business environment understanding and development of strategic thinking and entrepreneurial feeling
Conclusions The engineering curricula should advance: The development of non-technical skills The provision of sufficient knowledge related to economics and management The injection of a culture promoting creativity, initiative and entrepreneurship
Satisfaction from undergraduate studies per engineering branch
Importance of including entrepreneurship courses in the NTUA curricula