How to Turn Student Ideas into Scalable Ventures Through a Strong University Innovation Ecosystem
With innovation often beginning on college campuses these days in today's rapidly changing world, students bring a desire to experiment, a creativity to approach problems, and innovative ideas to address actual problems. But while ideas are plentiful, making them scalable businesses takes more than creativity—it takes structure, direction, and the proper environment. That's where a robust university innovation ecosystem comes into play. Following is a tutorial for universities, teachers, and support staff to assist student entrepreneurs in turning ideas into actual, flourishing businesses. Start With an Idea-Friendly Culture Many great ventures begin with a simple thought or a classroom discussion. But students tend to require encouragement that their concepts are worthwhile to pursue. A university must foster a culture where curiosity, experimentation, and failure are viewed as integral to the process—not something to be avoided. ...