Here are some reasons why it is important to teach these skills.
Basic entrepreneurship skills should be taught in engineering schools | all you need to know
By India Today Web Desk: Work dynamics have changed dramatically over the past two decades. At present, getting a well-paying job was considered a mark of success after obtaining an engineering degree. The new trend of success would be to hone their passion for developing innovative products and becoming a world-renowned entrepreneur. Is the education system ready to respond to this student demand? The NEP 2020 offers many flexibilities in terms of multi-entry multi-exit programs, tailor-made programs, dual degree, multidisciplinary courses. It is up to educational institutions to properly use these flexibilities to turn innovation into business. They should also be careful to allow the degree to help innovation rather than make it a burden. This would certainly be the best contribution of the education system for a self-reliant India.
REASONS WHY TEACHING THESE SKILLS IS IMPORTANT:
THE WORLD’S BEST ENTREPRENEURS HAVE REALIZED THEIR POTENTIAL AT AN AVERAGE AGE OF 20
It’s a fact that most successful entrepreneurs start their journey to establishing a successful startup early. It is therefore essential to trigger innovation during the first or second years of engineering. Courses like Design Thinking and Innovation can be started with a multidisciplinary build to identify and unearth hidden innovative talent.
MOST INTELLECT AT THIS AGE IN INDIA WOULD PURSUE ENGINEERING
The bulk of students in India pursue engineering studies in the process of graduation. It is the responsibility of engineering schools to develop job providers rather than job seekers. This would reduce the problem of timely employment.
ENGINEERING EDUCATION HAS BECOME A FACILITATOR OF JOB OPPORTUNITIES WORLDWIDE
Engineering as a degree is multidimensional and offers great knowledge and insight into the practicality of various phenomena. This is the reason why it is considered a benchmark for business opportunities and jobs on a global scale. Job opportunities are lucrative and student loans will be obsessive for forgoing innovation. It is the role of the educational institution to provide a suitable ecosystem for the start-up to quickly scale up and generate revenue. The student must be convinced that recruiters value students with start-up experience more than others for higher packages. The experience they gain from startup failures is beyond reproach and cannot be imparted by any company through training. Design Thinking Transferable Skills
- Critical mind
- Logical thinking
- Innovation management
- Project management
- Human ressources
- Financial management
- Communications (LSRW)
Will prepare them for a career option in their life, even if they fail in their startup.
IT’S TIME TO FOCUS ON DEVELOPING OWN PRODUCTS/SOLUTIONS/SERVICES
The study years provide the best opportunity for a student to focus on developing their own products/solutions/services. When combined with learning entrepreneurial skills, it does great wonders for the student.
INDIAN STUDENTS REMAIN IGNORANT OF THEIR HUGE ENTREPRENEURIAL SKILLS
Although they have a large business community, Indian students in general are strangers to the various tricks of the common trade. Optimization algorithms that make their brain work to work with limited resources, the easy way to get things done, multicultural education. All of these skills will naturally prepare them for the corporate world, right after their childhood. But due to the conservative mindset of parents and institutes, the talent remains unexplored.
ENGINEERING AND MANAGEMENT PROGRAMS GO TOGETHER
A student needs both engineering and management skills to become a successful entrepreneur. But most educational institutions offer these programs in silos. Hence, they institute to make sure to offer open elective courses related to innovation management, financial management, marketing, product development, etc. To imbue the managerial skills of engineering. provide knowledge of both engineering and management, simultaneously. This is just one step in the direction of preparing future entrepreneurs.
PROJECTS ARE EXECUTED ONLY TO MEET ACADEMIC RESEARCH REQUIREMENTS AND USER REQUIREMENTS ARE NOT CONSIDERED
It is common that projects are usually picked up from research papers/articles. But for a successful entrepreneur conducting field research to understand user needs and develop a project brief is the key to innovation. Therefore, courses such as design thinking, social internship should be offered including field studies.
Essential Basic Entrepreneurial Skills Checklist
- Problem solving ability
- Financial management capacity
- Leadership qualities
- Competence in product development
- Organisational skills
- Communication and networking
Besides the above guidance, the student should develop empathy for the issues that exist in the business world as these issues are goldmines of opportunities. Multidisciplinary courses, field studies, mentors, think tanks and the start-up semester are the main catalysts that bring out the best in a student in terms of being an entrepreneur. Moreover, nowadays, the Indian government offers extensive support to aspiring entrepreneurs, in terms of incubation centers, Smart India hackathons, think tanks, funding schemes and much more. Appropriate design of the academic program with proper use of academic flexibilities provided by NEP 2020 will be the right source to unearth hidden entrepreneurs among the rich human resource of engineering students.
Written by Dr. K. Narasimmha Raju, HOD, Design Thinking and Innovation, Associate Dean, Academic Innovations, KL Deemed to be University