3 Step Innovative Process to Create Start-up in Colleges

Entrepreneurship in today’s time has gained more importance than ever. Thanks to the ever-evolving internet technologies that have given people know-how about what entrepreneurship means and what is necessary in real-life scenarios. Even so, many people, particularly young students who will be entering the labour force in the near future, as well as their parents and faculties, are unaware of the need for entrepreneurship education.

In one of the recent polls conducted by Skilleit on its social media handle about the right age to nurture an entrepreneurial mindset, 45% of the total participants felt that there is "no age restriction" for having an entrepreneurial mindset. This holds true as the best form of learning knows no age limitation.

However, the earlier you start, the more paths you traverse, and the better it is. Imagine a student who begins an entrepreneurship education to learn an entrepreneurial mindset during their college time. They are deemed to have more experience in starting with the smallest idea. Instead of waiting for someone to give them a job, they become job providers for many others in society. Many crucial years of life go into learning through entrepreneurship as one learns through different case studies or mistakes they make along their journey.

This is where the concept of "Collegepreneur," devised by Skilleit, comes into being. Our programme designed for Collegepreneurs specifically targets the students and faculties of a particular college, a place of higher education, which is one benchmark away from entering a full-time job.

Why is college-based entrepreneurship necessary?

Most college programmes heavily focus on theoretical learning with an emphasis on innovation at times. But the need of the hour today is entrepreneurship-embedded education where practical learning, understanding the issue, customer requirements, and solution skills are taught.

Many countries, like the United States, Israel, etc., have already started incorporating entrepreneurship in early education for students to reap maximum benefits.

These college-based entrepreneurship programmes are necessary as they help in:

1. Creating and nurturing start-ups: Entrepreneurship programmes have helped students go beyond rote learning or traditional learning methods at colleges and delve more deeply into innovation blended with entrepreneurship for beginning and nurturing their own start-up programs.

2. Learning problem identification: Most courses delve into problem learning through various case studies. With entrepreneurship development programmes like Collegepreneur provided by Skilleit, students learn about the crucial problem identification method in real life. Such programmes allow the students to solve problems they might never have encountered before.

3. Problem-solving – Problem-solving is one of the skills that are taught to students from a very young age. But, the problem solving is based on some example or pre-answered model. In real life, this is not the case. Precisely, this is where entrepreneurship programmes for colleges play a big part, as they allow the student to understand their problem and then solve it using brainstorming, MVP (Minimum Viable Product), and much more.

4. Building more social entrepreneurs- The early teaching about the process of problem identification and solving gives rise to social entrepreneurs in society, who establish a start-up or business based on addressing some existing problem in society. Along with being an enterprise directed for profit, they are also responsible for bringing a positive change to society.

5. Job generation- Instead of somebody entering the formal employment sector as a job seeker, entrepreneurship empowers the youth to become job givers. Their efforts can act as job multipliers and help strengthen the economy while providing employment to many others in society.

6. Induces creativity and collaboration- Learning entrepreneurship from an early age enhances students' creativity development as they work on different problems. This also allows them to become more collaborative, developing excellent team skills. This way, they know how to gel different groups of people within a team.

Collegepreneur programs are primarily helpful for –

Students

• Training students to become changemakers of tomorrow

• Instils 21st-century entrepreneurship skills within students from a young age.

• Inspires them to delve into idea generation and develop a suitable start-up or MVP plan for their idea.

• Gives them a roadmap about business strategies, challenges, and problems faced in real-life start-up journeys.

Faculties

• Training and equipping faculties on Skilleit's game-based tools and techniques to empower them to conduct entrepreneurship programs on their own.