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Give Them a Chance to Know an Entrepreneur Give Them a Chance to Know an Entrepreneur
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Universities Are Pivotal Universities Are Pivotal
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Tokyo University versus MIT and Stanford Tokyo University versus MIT and Stanford
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Entrepreneurship Courses, University Spinoffs Entrepreneurship Courses, University Spinoffs
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The Bifurcated Generation The Bifurcated Generation
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Immobile Star Scientists Immobile Star Scientists
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10 Universities as Entrepreneurial Communities
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Published:February 2024
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Abstract
Universities play a vital role in nurturing entrepreneurs, not just by offering courses, but, equally important, by creating a community of would-be entrepreneurs. Those who personally know entrepreneurs are far more likely to become one. Universities bring students into contact with professors with entrepreneurship experience, as well as other students with similar ambitions. If the still-active companies created by living alumni of the Massachusetts Institute of Technology (MIT) were a nation, their global revenues would be equal to the GDP of the world’s 11th-largest economy. But it took decades for universities like MIT and Stanford to create the network of courses, entrepreneurship clubs, and professors acting as mentors to create results like this. Japan is trying to emulate this. Entrepreneurship classes are becoming more numerous, and the government is encouraging spinoff firms based on research done at universities. More entrepreneurs are coming out of top universities like Tokyo University, Keio, and Waseda. So far, however, it’s slow going.
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