Salt Lake City, Utah
June 23, 2018
June 23, 2018
July 27, 2018
Entrepreneurship & Engineering Innovation
If India wants to leverage its demographic dividend and not allow it to turn into a demographic curse, she needs to nurture more innovative entrepreneurs. She can succeed in fulfilling this growing need by focusing on college students and developing supportive education systems. While entrepreneurs can really come from any educational discipline, the engineering discipline appears to be the most natural and fertile, especially for innovative entrepreneurs. Towards that, various colleges have been building entrepreneurial development centres (EDC). We decided to use a design thinking approach. We started by understanding our students better to develop effective EDCs and carried out an awareness session that included a survey of around 200 sophomore and junior students.
Before the awareness session, about 85% students wanted to be entrepreneurs and after the awareness session the number went up to 90%. It was also encouraging to note that the most common reason for becoming an entrepreneur was to solve pressing problems of humanity, in general, and of the country, in particular. The other reasons were the freedom that entrepreneurial path offers, the lure of money, and ‘just wanting to be an entrepreneur. Most of the students understood the challenges and risks involved in the entrepreneurial careers and quoted that they could come in the way of their desire of taking up the entrepreneurial career paths. The students were considering areas such as poverty elimination, health, energy, environment for their entrepreneurial ventures. They felt that they would require support in the form of funding and mentoring.
The above findings are based on the analysis of a random sample of survey responses. We will analyse responses of all the students as well as compare them with the responses of students from another college, and present a comprehensive picture in the final paper. We will present the structure of the awareness session and will look for patterns in the responses around gender, field of study, year of study, and social background of students.
Waychal, P. K., & Agham, V. K., & Raghuvanshi, V. S., & Patil, J. B., & Deore, P. J. (2018, June), Using the Design Thinking Approach to Develop an Entrepreneurial Development Center Paper presented at 2018 ASEE Annual Conference & Exposition , Salt Lake City, Utah. 10.18260/1-2--31213
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