Higher education graduates the world over are feeling the pinch once entering the job market after receiving their degrees. Often graduates find that their areas of expertise are somewhat too specialised, or impractical for real-world application. This is an undeniable problem that both universities, as well as academic communities, need to grasp. Is there a need for entrepreneurship courses or venture creation for young people in universities? And if so, how would organisations foster an academic programme to facilitate entrepreneurship?

Adapting To Society’s Needs 

Entrepreneurship courses, or venture creation, are studies that are designed to assist and facilitate advancement toward a particular vocation and practical career for the student. In the modern age there is a severe lack of employment, so instead of continually learning theory based education some universities in the UK and the USA assist students by training them for particular careers that there is a need for in society.

Ultimately, venture creation would be serving a country or community by assisting students, rather than have students study an impractical degree that would only fractionally improve their chances of finding a job in a niche trade. This way universities will develop unique characteristics that make them indigenous to the students from the area.

The Importance of Entrepreneurs 

Entrepreneurs form a most important part of a country’s economy; new ventures create job growth and financial security. The problem is that there is often no support structure for budding entrepreneurs unless the support is financial. What the globe needs is a theoretical and academic approach that gives a student the correct tools needed when starting a new business. What separates this study from practical training is just that; students require skills development and vocational studies rather than simple courses regarding particular skills.

What will entrepreneurial degrees entail? Let’s use an example: A degree in Information Technology is practical, but not in the sense of training a student to gain a very particular skill set for a career in the field. Furthermore, that student will have little or no training in the art of ‘startups’ and business. An ‘entrepreneurial’ university will both educate theoretically, as well as assist in the student’s training for a particular position in the field. Additionally, it will provide him/her the tools needed to start their own business.

Entrepreneurial higher educational training and venture creation in universities are what is required to create more jobs, competition and business in a country like South Africa. This is one of the reasons why universities with a history of providing skill set training (like VUT) are becoming increasingly popular as well as necessary.

If you hope to study a postgraduate degree in one of our many courses at VUT Research, then be sure to contact us today!