Entrepreneurship EDUCATION by Dr. Anton Ravindran identifying meaningful problems & executing creative, innovative, novel solutions

1. by
Dr. Anton Ravindran

2. ENTREPRENEURSHIP
Identifying meaningful problems &
executing creative, innovative, novel solutions

4. “ Creativity is thinking of something new.
Innovation is the implementation of
something new”

5. INNOVATION
“The application of
That are novel
and useful”
IDEAS

6. The Ultimate Definition Of
Innovation
Executing an novel idea which addresses a
specific challenge and achieves value for both
the company and customer

7. DEFINITION OF INNOVATION
Innovation = Invention * Commercialization

8. TECHNOPRENUERSHIP
• Technology essentials
• Creativity
• Knowledge of science &
engineering
• Skills to develop
• Skills to build
• Business essentials
• Venture engineering
• Knowledge to frame
decisions
• Skills to start
• Skills to grow

9. ENTREPRENEURSHIP
• Economic Growth
• Source of Innovation
• Create Jobs
• Personal Development

10. Value Of Venture Capital Investment In The United States From 1995 To 2017
(In Billion U.S. Dollars)

11. China’s Venture Fundraising Climbs To U.S. Levels

12. ENTREPRENEURSHIP TREND
23 Million
Businesses in USA
40 Million Jobs

13. ENTREPRENEURSHIP COURSES
In the past 40 years….
104 5,000+600
Universities that
have entrepreneur
courses in 1975
Schools that have
entrepreneur
courses in 1986
Courses in
entrepreneurship offered
at 2,600 schools by 2013

14. 5 years ago in the United States
• Entrepreneurship
courses5000
• Colleges and
universities2600
• Business plan
competitions250

15. QUALITY OF ENTREP-EDUCATION
WHO
is teaching
WHAT
is being taught
HOW
it is being taught
WHO
is learning it

16. ENTREPRENEUR EDUCATION
Can we teach a person to become an entrepreneur?

17. ENTREPRENEUR EDUCATION
Can we teach a person to become an entrepreneur?
think entrepreneurially?
Person Entrepreneur Entrepreneurial Person

18. Entrepreneurs don’t need education …

20. WHO CAN TEACH ENTREPRENEURSHIP?
?
Management
Professor
Industry
Expert
Guest
Entrepreneur
ENTREPRENEURSHIP EDUCATOR
Entrepreneurial
Experience
Work
Experience
Teaching
Experience
Charisma &
Influence
Active
Network+ +

21. WHAT IS BEING TAUGHT
• What information are we teaching our students?
(i.e. business concepts and theory)
• What skills are we teaching our students?
(i.e. writing a business plan, negotiate, pitch ideas)
• What can’t we teach our students?
(i.e. be creative, take risk, have a vision)

22. Business Planning
Pitching
Negotiation
Market Research
Managing Risk
Developing a business Model
NOT TEACHABLE
Passion
Creativity
Perseverance
Vision
Not implementable by everyone

23. SUCCESSFUL ENTREPRENEURSHIP
SKILLS + SPIRIT

24. DEVELOP LATERAL /FACTIUAL THINKING
INSTEAD OF TRADITIONAL THINKING

25. ENTREPRENEURSHIP EDUCATION
The success of entrepreneurship education or educational programs
cannot be evaluated by the number of graduated students.
But
1. The socio-economic impact.
2. The number of companies created.
3. The number of jobs created.
4. The potential economic growth.

26. ENTREPRENEURSHIP EDUCATION
What I hear, I forget
What I see, I remember
What I do, I learn
Apprenticeship!

27. ENTREPRENEUR EDUCATION
“ What we have to learn to do,
we learn by doing”
-Aristotle-

28. Thank you
anton@rapidstart.com.sg