The EY G20 Entrepreneurship Barometer 2013

Education and training

EY - Education and training
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Effective education can help economies thrive and allow entrepreneurs to become true drivers of future employment and growth. Many studies show a link between investment in education and GDP Growth.

Our research shows that, although countries make significant educational investments, they are not always the educational options that foster entrepreneurship.

EY - Uschi Schreiber
Uschi Schreiber, Global Markets Leader and Global Government & Public Sector Leader at EY discusses education and training.

Entrepreneurs are made not born
More than four out of five entrepreneurs in our survey believe that entrepreneurial skills can and should be taught. Schools therefore have an important role to play in equipping the potential entrepreneurs with the right skills and attitudes.

Policymakers need to encourage schools to bring in role models and set up games and competitions. This gives students the chance to find out what it is like to run a business.

Teaching entrepreneurship benefits from a more hands-on approach than with traditional academic subjects.

Develop an integrated approach
At university, science and technology students with innovative ideas are often separated from the business students who could commercialize them. Programs should help target a multidisciplinary approach and create support for the entrepreneurial ideas that emerge.

It is also important to give these students experience of real-world business challenges. Large corporations, philanthropists, and existing entrepreneurs can make a significant contribution here.

Many of them contribute time or money to support educational courses. Many also support business games that let young people experience what it is like to be an entrepreneur.

Encourage lifelong learning for entrepreneurs
Entrepreneurs will need to learn a whole range of managerial and business skills as they grow their businesses. 

There is good news according to entrepreneurs interviewed for this study. Access to mentoring opportunities, peer-group clubs and other informal networks is improving in many countries.

“Traditional schooling aims to prepare employees, rather than creative entrepreneurs. As a result, the more successful traditional schooling is … the more it stifles creativity and the entrepreneurial spirit.”

— Professor Yong Zhao, Associate Dean for
Global Education at the University of Oregon

EY - Education and training

A call to action

Governments

  • Embed entrepreneurial learning into the school curriculum
  • Support young people who chose an entrepreneurial career
  • Encourage lifelong learning for entrepreneurs

Entrepreneurs

  • Look for the educational opportunities that suit your needs
  • Seek out and learn from other entrepreneurs
  • Give back to help others

Corporations

  • Expand internship programs to provide more hands-on experience
  • Mentor entrepreneurs