Promoting the Culture of Innovation and Entrepreneurship within the University Ecosystem through a University-Based Co-Creation Hub

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Date
2022-09
Authors
Megbowon, Soji
Ajayi, Esther
Oseni, Adewale
Metuonu, Iheanacho
Fatokun, Amos
Emmanuel, Tobiloba
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Commonwealth of Learning (COL)
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Abstract
PCF10 Sub-theme: Fostering Lifelong Learning // "Innovation and entrepreneurship are considered one of the most powerful driving forces for economic and social progress in our era. As a result, building a unique entrepreneurial ecosystem and transforming it into an “innovative and Entrepreneurial University” have become goals for many colleges and universities. // Innovation and Entrepreneurship are very important in Universities because they play an important role to increase entrepreneurial graduates of higher education. Global awareness of the importance of the role of entrepreneurship and innovation in the university ecosystem is in line with the growing awareness of higher education institutions, and universities, to walk the entrepreneurial path. This study aims to form an entrepreneurial university model using a systems approach, where the university should not carry its own burden in carrying out the responsibilities of a third mission to help accelerate community development. Going by the society we have found ourselves, we observed that there is a huge gap between the school curriculum and the marketplace demand. Most graduates in the marketplace are deficient in relevant knowledge, skills, and attitudes needed to solve critical problems in the workplace. // The rate and rapidity at which the African youth population has been growing are enormous and this has also been very challenging. On one side, it is enormous because if well harnessed, it could become a potential for improved African economy, production, and growth. To this end, youths could be considered Africa’s greatest asset. On the other hand, it is challenging as the resultant restiveness constitutes a threat in our universities, and unemployment fosters banditry and militancy. // In all advanced economies, Higher Education Institutions (HEI) are expected to play a vital role in encouraging innovation, entrepreneurship, and structural change. The expanding population shares the economic importance of knowledge-intensive active ties, digital transformation sweeping across all organizational borders of the globe, and the need to quickly forge efficient and innovative solutions to address pressing societal challeng¬es, that is the demand to contribute more to innovation and to economic and societal change. // The world economic forum estimates that 15 to 20 million young people will join the African workforce every year for the next two decades. By 2030, Africa will be home to more than a quarter of the world’s population under 25, who will make up 60% of the continent’s total population. By then, 15% of the world’s working-age population will be in Africa." // Paper ID 5376
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Ecosystem, Innovation, Job creation and employoment, Inherent skills, Social innovators, Problem solvers, University undergraduates and post-graduates, Solving critical problems in the workplace, Building resilience, Entrepreneurship passion, Change and development, Economic development, Digital Innovation, Medical Innovation, Marketplace demand, Entrepreneurship skills, Entrepreneurship path
Country
Nigeria
Region
Africa
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