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Future Of Campus Entrepreneurship In 2028

If the future of the campus entrepreneurship has to be spelled out in a line, then every body on a university campus must have an entrepreneurial mindset and every venture coming out of a university must have social consciousness

Few months back, a video that went viral on Social Media compared the state of transformation that we have experienced in everyday things over the last century. The first screen showed a horse driven carriage becoming a swanky sports car, next was the mouth-piece telephone becoming a smart phone but when they come to classroom, they look exactly the same they looked 100 years backs.

Distinguished sociologist and the Former Chancellor of Ashoka University, Prof. Andre Beteille wrote about the Calcutta, Bombay and Madras universities which came up around the 1850s, "The universities mainly did what they were set up to do, that is, produce increasing number of graduates of indifferent quality". Seventy years post independence; we are still preparing our students to take up jobs that would require repetitive tasks, limited decision-making and almost negligible risk taking.
   
The challenge today that we all face as educators is, that we are preparing our students for jobs that don't exist yet. Technology is changing at a phenomenal pace. Information available in this world is doubling every few days and we are truly living in exponential times. Accelerated technological change means accelerated obsolescence. Engineering students studying in college today have no knowledge of the technologies they would be working on as a part of their career ahead.

As we embrace this technological change, our universities must change, too, at a pace unfamiliar to higher education. While we retain our core mission of educating the next generation and cultivating new forms of knowledge, universities must also embrace our responsibility in driving innovation and catalyzing job creation.

Given this context, university education systems need to integrate a spirit of creativity, innovation and entrepreneurship in their curricula. Fostering a culture of Entrepreneurship on a campus will lead to innovative and creative experiments in all spheres of campus life. Campus Entrepreneurship is not just about creating ventures, it is the building of an entrepreneurial mindset, which is required in every sphere of life. In this ever changing and dynamic world, everyone needs to have an entrepreneurial mindset in everything that they do. Thus "Being Entrepreneurial" - is an important life skill in the quiver of the 21st century learner.

Over the next decade, there is strong case for Entrepreneurship Education to be mainstream, specially the focus on building an entrepreneurial mindset. This is not just in universities but also as early as school education.  Entrepreneurship needs to be a part of fundamental subjects that are taught in school like English and Math. Many schools around the world start by introducing the concepts of entrepreneurship as early as grade 3 and 4. The Lemonade day programme (www.lemondaeday.org) is a great example of this where little kids of juniors school have a field day selling lemonade around the school campus.

Startup Incubators on university campuses will continue to gain significance and will be crucial in being the laboratory of the experimentation and play. Traditionally these incubators have existed in technology or management campuses. However the run up to 2028 will see incubators in all streams of education. Ashoka university has been a pioneer in setting up an incubator in a liberal arts university which fosters ventures of students studying subject such as history, literature and philosophy to name a few. These students drive their ventures with as much fervor as any other tech-school contemporaries, only with a much higher sense of social consciousness towards their business.

If the future of the campus entrepreneurship has to be spelled out in a line, then every body on a university campus must have an entrepreneurial mindset and every venture coming out of a university must have social consciousness.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


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Priyank Narayan

The author is the Founding Director of the Centre for Entrepreneurship at Ashoka University, Delhi NCR

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