Fostering young entrepreneurship at University through private sponsorship. Loreto Fernández Fernández Dep. of Finance and Accountancy

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1 Fostering young entrepreneurship at Loreto Fernández Fernández Dep. of Finance and Accountancy

2 Every single person has an entrepreneur inside until they get into the educational system

3 The Spanish educational system and the entrepreneurship training orientation FIRST STAGE: Compulsory education Primary school Secondary school Post- Compulsory Schooling (Baccalaureate) Vocational Training SECOND STAGE University studies Graduate Postgraduate THIRD STAGE Training within companies Entrepreneurship values: (creativity, motivation, work effort, team work, etc.) Professional orientation: Reinforcement of entrepreneurship values (leadership, business plans, conflict mgmt. etc) and their skills Specific skills needed in the company and related to the type of business

4 The Spanish educational system and the entrepreneurship training orientation FIRST STAGE: Compulsory education Primary school Secondary school Post- Compulsory Schooling (Baccalaureate) Vocational Training SECOND STAGE University studies Graduate Postgraduate THIRD STAGE Training within companies COMPLEMENTING THE APTITUDE FOR (technical knowledge) AND THE ATTITUDE TO (entrepreneurial values and skills) ORIENTED TO THE FUTURE PROFESSIONAL DEVELOPMENT PRE-ENTREPRENEURIAL TRAINING

5 There are 44 Bancaja Chairs for Young Entrepreneurs: Aim: Boosting the development of entrepreneurship and the creation of new companies from the Universities themselves. Also provide training and encourage research in the field of entrepreneurship. Region Number of Universities Andalucía 7 Asturias 1 Cantabria 1 Castilla León 4 Cataluña 5 Comunidad Valenciana 4 Extremadura 1 Galicia (USC, UVI) 2 Islas Baleares 1 Islas Canarias 2 La Rioja 1 Madrid 8 Murcia 2 Navarra 1 South America El Salvador Nicaragua

6 Bancaja Chairs for Young Entrepreneurs: Training activities: Organizing and conducting seminars, conferences or lectures, and entrepreneurship courses (specialized courses in management skills and business opportunities, meetings with owners and managers of consolidated firms and with young entrepreneurs) Encouraging research programs related to entrepreneurs and entrepreneurship. Supporting the publication of papers on the subjects of entrepreneurship, both scientific and of general outreach. Cultivating cultural activities and disseminating activities of any kind related to entrepreneurship. Encouraging the development of new businesses from within the University..

7 University as a factory for entrepreneurs : Most of University have developed programs aimed at promoting entrepreneurship, but Despite all efforts already made, students don t consider the start up of a business when it comes to think about their expected professional future.

8 bh1 Fosteringyoungentrepreneurshipat Intention of students when they finish their degree: To look for a job in a private company 34,6% To apply for a job in the public sector 27,1% To complete a Master / Doctoral programme 14,9% To do an internship in a company 12,9% To study some other kind of courses 4,8% To start-up a business / self-employment 3,0% To travel 2,1% El Compromiso laboral de los jóvenes universitarios Fundación Universidad-Empresa (mayo 2009)

9 Diapositiva 8 bh1 Aqui personalmente pondria un titulo por que yo no se de que va este chart... bettina hoar; 15/09/2010

10 La Masia: the cradle of Barcelona s future football players has been a key strategy for success. Fosteringyoungentrepreneurshipat A commitment in the long term: Where to intensify efforts? Improving the raw material

11 GETTING INVOLVED FROM THE VERY BEGINNING An entrepreneur is not the person who just creates a new venture. Entrepreneurs develop an attitude in life, which is forwarded to the performance of a profession. This means we must start by developing such sttitude as students: ENTREPRENEURIAL STUDENTS (ES) Entrepreneurial attitude provides ADDED VALUE to a students' CV. It is highly recognized by employers as a complement to technical knowledge. It is a corner stone for professional development.

12 Bancaja-USC Chair action lines: AIMS To improve students employability : to increase their CV when they face that moment of applying for a job or finding support (financial or any other type) to start up their own business. To increase students perception of entrepreneurship as viable self-employment and job opportunity.

13 The USC ES_Club Young people like to feel part of a group with similar conciousness about their future: they must consider themselves as responsible for their own professional future and feel a commitment to the future development of society. Students take an active part in designing and organising our activities programme. Their training starts by becoming an entrepreneurial student.

14 (ES)_Newsletter (ES)_Card (ES)_CV (ES)_Excellence Certificate (ES)_CV award Full Training Programme: Entrepreneurship 360º Collaboration with other public institutions and private companies or business associations (ES)-Volunteers: Feedback

15 360º training programme in Entrepreneurship, a wide range of learning methologies: - Business plan related courses - Meetings with owners and managers of consolidated companies and entrepreneurs (Learning From Experience programme) - Visits to companies and entrepreneur incubators - Social and managerial skills - Emotional intelligence training - Outdoor training days - Cineforum: learning entrepreneurship lessons from movies - Talent hunting programme - Female entrepreneurship, etc. Offer them access to the activities organised by other public and private institutions with similar interest, as well as exclusive meetings with top managers.

16 Some results: More than 200 students registered in the ES_Club 75 students trained in the Entrepreneurship 360º programme, (including summer course) More than 20 managers and entrepreneurs Colaboration with 9 institutions... 4 out of 10 students feel able to start their own business and even feel motivated and excited about the idea of starting an own project and get to create new jobs (to be compared with 3% of Spanish average)

17 Some future challengers Enhanced efforts to achieve a real change of mindset in students, making them aware that they are primarily responsible for their professional future which will be affected by many changes in the labour market (a lifetime work at the same company, in the same place, does not exists anymore). Incorporating entrepreneurship education into all degree requirements (providing courses and other activities in entrepreneurship as cross credits). Improving its image as a trainer of entrepreneurs to cope with the increased competition of Vocational Training. Being open to collaborative agreements with private companies and institutions: a strategy for success and synergy.

18 Entrepreneurship education is a long term process; we can t do much in just one year, but if we don t do anything in a year, it will be a lost year. Contact Loreto Fernández Fernández Bancaja Chair for Young Entrepreneurs, USC loreto.fernandez@usc.es