Edited by Michael H. Morris
Chapter 9: Can universities really help students start ventures?
Entrepreneurship education is one of the fastest growing areas of higher education today, fueled by increasing numbers of young people who want to be their own boss and entrepreneurial alumni who have encouraged the development of these programs at their alma maters (Entrepreneur Magazine, 2013; Long, 2013). Alumni donors have made it possible to establish entrepreneurship buildings, centers, faculty positions and curriculum at universities and colleges around the country. Venture capitalist Arthur Rock funded the Rock Center of Entrepreneurship at Harvard with $25 million; entrepreneurs in the energy business, Amy and Malone Mitchell III, similarly funded the Riata Center for Entrepreneurship/ School of Entrepreneurship at Oklahoma State University for even more; a recent gift from a Microsoft executive to Western Washington University funded an entrepreneurship minor. Today, more than 2000 universities and colleges, roughly two thirds of all schools, offer at least one course in entrepreneurship (Entrepreneur Magazine, 2013). Most universities are offering an entrepreneurship curriculum together with specialized degrees at the undergraduate and graduate levels. In addition, the body of scholarly research on entrepreneurship has expanded significantly in the past decade. There are more and more peer reviewed journals relating to entrepreneurship, and the volume of research is growing both in its breadth and depth. And yet, very little of these educational and research efforts have been devoted to understanding the real problems and needs of students who actually start businesses.
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