The concept of an entrepreneurial University was a vision ( or perhaps a dream ) of
Burton Clark, who desired academics to pursue their goals rather independently.
…. We find the entrepreneurial university ro be a place that diversifies income to the point where its financial portfolio is not heavily dependent upon the whims of politicians and bureaucrats who occupy the seats of state policy, nor upon business firms and their commercial influence nor even upon student tuition as main
Effective stewardship comes to depend not on the state or ” the market” , but on university guidance and self-determination. The entrepreneurial university does indeed provide a new basis for achievement”.
In other words, he was trying to unlock the commercial value of the knowledge being created and held in a University, and this is feasible in the Knowledge economy more easily than in the Industrial Age or the agricultural age.
The idea is very suitable to implementation in the coming years, and can be a good idea to develop and pursue in the New Year.
We can’t call it a University, because under section 3 of the UGC Act, only a body created by Parliament or State Legislature can be permitted to use the label University.
We could create an entrepreneurial academy, and not limit to higher education. Mainly driven by the technologies mentioned above, it will be for enterprising learners, enterprising faculty and enterprising business leaders. This will be an academic learning community with a difference. Seeking independence and acknowledging that ‘ he who pays the piper calls the tune’ and that ‘ the Government funded autonomous Institute’ is a myth, is able to establish both financial and academic autonomy without being at the mercy of the Government or large business corporates.
Interestingly, this year itself there has been a Report of the Planning Commission Committee Chaired by Shri. Sunil Mitra on “Angel Investment & Early Stage Venture Capital” June 2012 . Amongst other things, the report highlights that entrepreneurship engine in India, over the next decade, has the potential to create 2500 successful high growth ventures, with combined revenue of over Rs. 10 lakh crore (nearly USD 200 billion), and to generate 10 million direct & 20-30 million indirect jobs.Consequently, powering India’s economic progress with inclusive economic development, innovative products/services for India’s young population, India as a hub for frugal innovation, and attracting investment flows and creating substantial wealth.
If this has to go beyond mere platitudes, the concept of the ‘ entrepreneurial University’ has to be put in place. We will not get entrepreneurs as a bye-product of an educational system designed to train bureaucrats, or engineers or managers for large corporations, but we must catch them ( those who have a spirit of enterprise and a passion and drive for change) young and train them for the role of leadership that we expect from them.
We should begin the New Year with such a resolve.