Enterprise and Entrepreneurship – New Advice for Universities

The nest team at the University of Portsmouth have been guided by and promoted the ethos of the QAA Enterprise and Entrepreneurship Guidance since its inception in 2012 in order to foster a culture of enterprise and entrepreneurship and equip students with the skills for a rewarding, self-determined professional life.

On 18 January the UK’s independent quality body QAA published new g​uidance​.

QAA Chief Executive Douglas Blac​kstock says: “Since we published our original guide to enterprise and entrepreneurship education in 2012, there have been substantial developments in UK and international policy and practice.

“Alongside providers’ adoption of new types of learning and new metrics for success are recent policy drives to apply entrepreneurial approaches to STEM subjects and the government’s new Industrial Strategy. This updated guide responds to these changes.”

The revised guidance, led by Professor Andrew Penaluna of the International Institute for Creative Entrepreneurship, captures the latest thinking on how to embed enterprise and entrepreneurship in higher education.

“Educators are often tasked with preparing students for jobs that don’t yet exist, using technologies that have not yet been invented, and spotting and solving problems that we have yet to define clearly,” says Professor Penaluna.

“For enterprise and entrepreneurship to be meaningful and effective requires new approaches to teaching and assessment within a whole university culture. The best opportunities for students occur when universities create a central environment that supports collaborative working across different areas.”

While the last five years have seen significant progress in enterprise and entrepreneurship education, Professor Penaluna believes universities can do a lot more to prepare graduates who want to run their own businesses or hit the ground running as graduate employees:

“We need to allow students to learn in a way that enables them to identify and solve real problems, perhaps starting a business as an integral part of their programme or responding to challenges set by a local enterprise,” he says.

“And, allow them to fail, especially when learning is the result. Being able to experience failure in order to find new ways forward is a valuable life lesson that increases resilience, helps flexible thought development and brings innovative new ideas into play.”

If you would like to speak to a member of the nest team about how you can embed enterprise and entrepreneurship into your teaching please email them at nest@port.ac.uk.

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