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

dc.contributor.authorMegbowon, Soji
dc.contributor.authorAjayi, Esther
dc.contributor.authorOseni, Adewale
dc.contributor.authorMetuonu, Iheanacho
dc.contributor.authorFatokun, Amos
dc.contributor.authorEmmanuel, Tobiloba
dc.coverage.placeNameNigeria
dc.coverage.spatialAfrica
dc.date.accessioned2022-08-17T07:21:17Z
dc.date.available2022-08-17T07:21:17Z
dc.date.issued2022-09
dc.description.abstractPCF10 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 challenges, 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
dc.identifier.doihttps://doi.org/10.56059/pcf10.5376
dc.identifier.urihttp://hdl.handle.net/11599/4261
dc.language.isoen
dc.publisherCommonwealth of Learning (COL)
dc.rights.urihttps://creativecommons.org/licenses/by-sa/4.0/
dc.subjectYouth
dc.subjectInnovation
dc.subjectEmployoment
dc.subjectEmployable Skills
dc.subjectHigher Education
dc.subjectWorkplace Learning
dc.subjectEducational Resilience
dc.subjectEconomic Empowerment
dc.subjectEntrepreneurship
dc.titlePromoting the Culture of Innovation and Entrepreneurship within the University Ecosystem through a University-Based Co-Creation Hub
dc.typeWorking Paper
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