Entrepreneurship education helps students build more successful careers regardless of whether they take the “entrepreneurial leap” or become a “entrepreneurial worker” in someone else’s business.The entrepreneurial “mindset” improves the productivity of all workers so everyone wins. In today’s economy, successful careers require networking and flexibility that can be learned as students experience entrepreneurship education. The ability to promote the “brand called me” is becoming an even more important skill as the economy is more and more relying on contractors and consultants to perform the work organizations need to complete. Students can acquire these types of fundamental techniques, which are critical components of an effective future worker in the workplaces of the world through entrepreneurship education. A personal “locus of control” helps students engage more effectively in their education experiences thus improving academic performance while in the education system. Entrepreneur education allows students the opportunity to develop skills essential for success in the market places of the 21st Century. While the overall number of YOUTH entrepreneurs is growing, these companies face unique challenges. Many have lower revenues, lower growth rates, more limited access to outside capital and other resources. These disparities have a number of causes, but major factors include the limited availability of specialized training and the absence of a long family history of business ownership. Because many new YOUTH entrepreneurs have grown up without hearing about business discussed at the kitchen table, they may be less prepared for the challenges of a struggling business. If youth don’t learn business at the kitchen table, they should have the opportunity to learn about it in school or colleges or at their local community training center.

Entrepreneurship Education thus serves as a path to upward mobility in multiple ways, by keeping students in school and colleges to complete their educations, and by providing the skills and knowledge that will allow them to build wealth through founding their own business sing, and team building. Effective use of these new methodologies will require a serious commitment to professional development. Effective Entrepreneurship Education programmes engage local entrepreneurs as mentors, coaches, speakers and role models. It’s not enough to simply have teachers teaching a new class; new partnerships will be required.Partnerships with local business organizations, such as Chambers of Commerce, Small Business Development Centres, Entrepreneur’s Organization (EO) or local civic clubs, such as a Rotary, are also an integral component of Entrepreneurship Education. These partnerships bring new ideas to a school’s and college’s budding young entrepreneurs, but they also have an added benefit: they build stronger business education partnerships across the board. As business leaders begin to mentor students, they will also be more likely to support other school programs. These businesspeople can bring a classroom to life with relevant real-world experiences and stories that teachers, many of whom lack direct business experience, would not be able to share. Finally, college education and community bussiness leaders must invest in effective and accurate evaluation efforts. It is important they understand the techniques and tools that work best in engaging youth and in producing the next generation of young entrepreneurs. As part of this effort, communities should also consider creating an Entrepreneurship Education Innovation Fund that provides targeted investments to programs, schools, and teachers who act like entrepreneurs by generating new innovations in the educational system. Despite the many benefits of youth entrepreneurship programs, most young people do not have access to these educational opportunities. The leading programs, such as those operated by the EDI, serve tens of thousands of students each year. Yet, they are only touching a small part of the potential market. Few communities have embraced Entrepreneurship Education as an official and integrated part of their educational systems. In fact, no states have formal legislation that promotes Entrepreneurship Education at the school or college level Because Entrepreneurship Education programs often fall outside of a formal curriculum, the field has grown slowly. Successful programs are in place across India., yet we only have small pockets of excellence. There is no system in place that offers Entrepreneurship Education as an option for all students. If this system were to be introduced, what would it look like? The first and most important step would involve schools and colleges adoption of a formal Entrepreneurship Education curriculum. This curriculum could be adopted “off the shelf” from existing ‘best practice’ products, or developed in-house. As the curriculum is introduced into the schools and colleges, a commitment to professional development opportunities for teachers will also be required.

Many teachers will be new to the world of entrepreneurship and require training in how to support these new courses. In addition, effective Entrepreneurship Education uses a host of new teaching techniques, such as distance education, experiential learning, problem-based learning systems.

Local visionary is no way to build a sustainable movement that offers opportunities to area students. Some schools and communities will require a nudge in the form of incentives or other encouragement to consider implementing Entrepreneurship Education. These incentives could take many forms. A community might help defray the cost of teacher training. Most Entrepreneurship Education organizations provide extensive training and support for teachers. While some of these costs are subsidized, teachers must still find funds to pay for travel and needed supplies. Community foundations and other investors can help seed new programs and fill this gap. Another form of incentive involves the Entrepreneurship Education curriculum itself. Current Entrepreneurship Education providers like EDI can provide the needed curricula, and COLLEGES will still need to align these programs with local, state, and central standards.

In this instance, educational institutions should look to the EDI –INDIA TRUST Entrepreneurship Education, which link the principles of Entrepreneurship Education to other educational outcomes. These standards have been used across the India and have also been adopted by the Partnership for 21st Century Skills. Within schools, programs can operate in formal classrooms (such as business and marketing education) or as an additional in-school or after-school activity.

Effective Entrepreneurship Education programs will require that local, state, and Central policymakers embrace Entrepreneurship Education as an effective tool for engaging youth and building the next generation of world-class entrepreneurs and a stronger more entrepreneurial workforce in our country. Ideally, this effort should proceed in cooperation with business leaders, who have the greatest interest in seeing local youth stay in school and embrace entrepreneurship. Below are suggestions for leaders at each level.

At the local level, an ideal youth entrepreneurship initiative would include:

All students at all local schools and college level— especially potential “un-employability factories” with 40% or more of the students eligible for free education — have access to entrepreneurship training.

Available funds to support teacher training, curriculum and professional development, and to evaluate program design and outcomes.

Strong partnerships between schools, businesses, and community organizations, so that business leaders can serve as mentors, coaches, and provide other support to local programs.

Effective Entrepreneurship Education begins in the classroom itself, so local action to encourage schools to offer such training is an essential step. While nearly everyone agrees that exposing youth to entrepreneurship is a good idea, it is often difficult to move from that basic consensus to a point where schools offer a formal Entrepreneurship Education course. As requirements to teach the core academics become more stringent, educators have less flexibility to offer courses such as entrepreneurship or the creative arts. To date, Entrepreneurship Education has been implemented only when a visionary leader — sometimes a teacher, sometimes a school administrator — has made a personal commitment to make Entrepreneurship Education take root in the community.

The students learn how to unleash their imaginations and develop business ideas. After following the manual from ideas to business plans, the students operate their own business/service. The program is available nation wide with EDI.

At the state level, educational officials, education leaders, and the business community should unite in support of the following objectives:

Adoption of state standards for youth Entrepreneurship Education.

Creation of formal Entrepreneurship Education partnerships between schools, colleges, and universities.

Creation of a State Advocate or State Advisory Council for Entrepreneurship Education.

Creation of a State Entrepreneurship Education Innovation Fund.

Creation of State wide Youth Business Awards Programs.

Including Entrepreneurship Education in formal state wide education standards is the first and most important reform that can occur at the state level.

This basic step is an essential component in encouraging In addition to funding teacher training, many community organizations operate their own youth entrepreneurship programs.

These projects can be hosted by a variety of groups, including Chambers of Commerce, NCC and NSS, youth training facilities or other community-based organizations. Many localities can operate summer camps that focus on entrepreneurship. When communities embrace youth entrepreneurship, they certainly empower youth but also help strengthen community pride.

Students manage their own entrepreneurial ventures, and also help operate school-based store that sells snacks, supplies, and school souvenirs. The school is tightly linked to the surrounding business community. It participates and also sponsors partnerships with the local colleges and the Universities.

While effective Entrepreneurship Education programs share common principles, there is no one best way to engage youth in the process of thinking and acting like entrepreneurs. Creativity and innovation on the part of educators and other partners are critical. And states should consider creating small pools of funding to help stimulate such innovation. These funds could be managed by a state advocate or advisory council, or by a state Department of Education. The fund would provide small seed grants — to support teacher training or development of new Entrepreneurship Education models — that would help advance the field. The fund could operate as a demonstration grant program or as an annual competition. This relatively small seed funding helped provide outside recognition to local programs, as well as encouraged other communities to embrace youth Entrepreneurship Education training. At the national level, the EDI can sponsor grant competitions for high-school and college-level programs at various annual conferences. Create State Award Programmes and State business plan competitions or Youth Entrepreneur of the Year awards programmes are a high-impact, low-cost way to get young people excited about entrepreneurial careers. Teachers and school administrators can introduce Entrepreneurship Education into their own classrooms. Beyond including Entrepreneurship Education in state wide curricula, a second important step involves partnerships at different levels in the education system. Colleges and universities should aggressively embrace Entrepreneurship Education in years to come. It makes sense for schools to tap into this emerging expertise. Colleges and universities can help provide training for teachers, development of new curricula, and mentorship for students.

States should create a State Advocacy for Entrepreneurship Education. This advocacy role is often based in a single, state wide office, but could also operate through a broader advisory council that includes educators, elected officials, business representatives, and other stakeholders. Every state should now include informal group such as NGOs and civil society organisations that helps build state wide networks of entrepreneurship programmes at all levels and sponsors activities tied to entrepreneur education.

INDIA TRUST-EDI PARTNERSHIP will commence the national dialogue on preparing youth with the skills needed to compete in the 21st Century. While policy decisions will likely be generated at the state and local levels, this does not mean that central policymakers should be hands-off. There are a number of critical areas where central investments are required to ensure that states and localities can effectively introduce Entrepreneurship Education in schools and community organizations. In addition, central policymakers need to support efforts that align national initiatives with ongoing efforts at the state, regional, and local levels. Within these broad categories of supporting policy alignment and investing in education innovations, several specific action items stand out:

As Government prepares to reauthorize the New education policies, it should consider new standards for Entrepreneurship. Entrepreneurial literacy should be included as an accompaniment to current standards of education.

In addition, a pilot program to provide entrepreneurship education to a statistically significant middle- and high-school population would provide invaluable information to support initial research on the effectiveness of Entrepreneurship Education in reducing drop-out rates, increasing relevance of core curriculum and promoting financial literacy and community economic development. New efforts to promote Entrepreneurship Education can also be generated in the Higher Education Act. Because most investment for education occurs at the state and central levels, the l government assumes an important advocacy and supporting role to ensure the expansion of promising best practices nationwide. Government agencies and programmes should focus on investing in best practices, information sharing and dissemination, and in providing additional support and resources for communities or students with special needs. Nodal agencies will likely assume a similar role when it comes to promoting Entrepreneurship Education and important charge of improving support for Entrepreneurship education. This is an important initiative, especially in wake of the current economic crisis. Entrepreneurial education is an effective way to present critical financial tools to young people in a format that is both relevant and accessible. Where possible, programmes in economics and Entrepreneurship Education should also be promoted and supported by the Public sector banks as young people need to learn how to invest in themselves, make money, and learn how to manage their assets. In many youth entrepreneurship programs, young people are helping their families with basic needs and shoulder great responsibility. The stakeholders should also commit to making these resources more readily available to those in need and work with the Department of Education, and other State departments on a scalability plan to expand youth entrepreneurship and financial education to all India’s youth. The best way to communicate to those lacking awareness of Entrepreneurship education resources is to make the resources available and accessible in existing gathering places in the community — public facilities utilized by members of the community. These existing places include, and are not limited to, schools, libraries, public recreation facilities, and local government offices. By leveraging the resources of practitioners and other professionals, awareness and access to resources can be met. Workforce Development Entrepreneurship Education can be and has been incorporated into ongoing programmes managed by the Department of Labour.

This office has a mission of preparing at-risk youth to become effective job seekers. We believe that these young people can also become job creators and equity builders by starting their own ventures. The entrepreneurship side is just a plus. The future depends on our generation and if we all learned how to run our own business then we would be able to live in a fully functional community. The mere fact that a kid knows about entrepreneurship is a plus in the job field.

Society is split into two sections; those that work for themselves and those that work for others.

In learning entrepreneurship you learn how to do both so you can work for yourself and work for others and are ahead of the curve. Include funding for Entrepreneurship Education. Any future investments, or investments in similar regional programs, should include explicit support for Entrepreneurship Education as an approved activity. Entrepreneurship Education Clearinghouse/Advocate Because entrepreneurship is at the heart of so many diverse challenges in India, it is universally popular. But Entrepreneurship Education as a policy is not explicitly recognized as an essential contributor to educational change, economic development, workforce development, juvenile delinquency, anti-poverty, micro-enterprise, and small business success.

Because entrepreneurship can cut across so many policy areas and disciplines, it is often difficult for Educational leaders to identify effective support programs and strategies.

A National clearinghouse that shares information on these policies could make an important contribution in disseminating effective models and “best practices.” INDIA TRUST has created its own Office of Entrepreneurship Education to serve as an advocate for Entrepreneurship Education. In addition to supporting new policy developments, this initiative would combine current online To date, the Division of Youth Services has made important contributions through programs like Youth leadership movement and other related efforts. These worthy initiatives need to be supplemented with new investments that promote entrepreneurship as another path for youth from low-income communities. In fact, EDI should consider creating a demonstration grant program that tests various approaches to providing Entrepreneurship Education resources to low-income youth..

Youth entrepreneurship training is becoming a more important component of regional development initiatives. EDI-INDIA TRUST partnership is a case in point. . It expands on the vision of National Entrepreneurship movement by linking EDI-based efforts to similar initiatives underway in other countries. As part of the movement thousands of young people around the country will engage in workshops, competitions, and other programs that are designed to encourage them to embrace invention, innovation, creativity, and imagination.

This movement offer an excellent means to spread the word about the power of entrepreneurship and to get young people excited about the possibilities of owning their own businesses. As we celebrate the contributions of entrepreneurs in our economy we honour those individuals who have contributed to making our economy the job generator it has been. These celebrations also allow students and parents to see entrepreneurship as a career option for becoming self-sufficient in the future market places of the world. Education programs, business and community initiatives, and ongoing youth outreach efforts. This Office could assume the important role in improving the dissemination of information.

The mindset is one of the real “secrets” of India’s prosperity as it helps drives the creativity and innovation of our workers, our companies, and our entrepreneurs. This engine of innovation will be the primary driver of our future economic competitiveness. If we want India’s young people to be fully prepared to succeed in the 21st century, nurturing an entrepreneurial mindset—via widespread use of youth entrepreneurship education programmes — must become a core part of the Indian educational system. The unique characteristics of Entrepreneurship Education make it ideally suited to help address many aspects of the crisis facing India’s workforce. For example, these initiatives can help us address our growing un-employability crisis. Research into the factors that cause un-employability indicate that many students feel disengaged and bored in schools and colleges. Entrepreneurship Education offers a means to attack this lack of engagement head on. Yet aggressive entrepreneurship education can provide other significant benefits as well. Entrepreneurship Education helps in still an entrepreneurial mindset — a critical mix of success-oriented attitudes of initiative, intelligent risk-taking, collaboration.

The un-employability crisis impacts our economy and even our national security. We cannot become a world superpower if we do not give our youth the resources they need to succeed.

The number one predictor of our youth’s future success is whether he or she will graduate — we can’t afford to let nearly one-third of our kids fail. Just conferring a diploma or a degree is not enough. Students must graduate with the knowledge and skills necessary for success in college, work, and life. INDIA TRUST interviewed college unemployable students and asked them why they so.81% said they would not have if the subjects were more relevant to real life. Teaching youth how to make it financially (and we are strong proponents of the growing financial literacy movement), how to own their futures as economically productive members of society, is both real life and relevant. Getting business leaders into classrooms to share their expertise and optimism is key. INDIA TRUST haS gone to so many conferences and briefings over the last two decades, and met with so many fascinating experts, that our head is spinning with endless data points and facts on the subject of graduate un-employability rates and India’s competitiveness in the global marketplace. We are reflecting now on why our cause — entrepreneurship education for youth — matters so much, especially considering the current economic crisis. The stakes are high, since it can actually be part of the solution to one of our country’s greatest challenges: how to bring economically at-risk young people into mainstream society. Not only is this an important contemporary civil rights issue, as power and influence in this country rests with those who own (it is worth considering that we teach our students to be employees but not to be owners), but it is an issue of India’s future and competitiveness. It is important to also point out that entrepreneurship is a fundamental life skill. Most employers these days want to hire a more entrepreneurial workforce. Did you know that, according to the Department of Labour, the average Indian will have 8 to 10 jobs by the age of 38? If we were going to have so many positions, we would sure look at our self differently — as less of an employee and more as a free agent. We have to hone entrepreneurial and networking skills and more — just to survive.

A business owner, , summed it up: My dream is not to die in poverty, but to have poverty die in me! We need to fast-track our work so we reach these kids and not lose another generation of students before we can teach them to fuel their dreams and have belief in their own potential. We hope you will join us and say YES! to education for all of our young people to explore their entrepreneurial potential, especially those in low-income communities

increased interest in attending college and heightened career aspirations

increased feeling of control over their lives

increased leadership behaviours

increases engagement in school

increases students’ sense of connection with adults in business and the community

increases independent reading

increases business and entrepreneurial knowledge

We need to equip today’s aspiring entrepreneurs with every tool possible to succeed. That means making sure they receive a strong financial education that prepares them for the unique challenges and opportunities of the 21st century. A solid background in finance and business skills will help the next generation to compete and succeed.

Entrepreneurship training provides at-risk youth an opportunity to learn how to function in the marketplace and strengthen their community’s economy. High quality entrepreneurship training can help ensure a better quality of life for the individual entrepreneur and their community as a whole.

The most important economic stimulus package our nation can develop is combining quality education with an entrepreneurial attitude to meet the crisis of over HUNDRED million unemployable. We need to teach our youth to be ‘owners’ of their lives. I Say YES! to youth entrepreneurship education in our nation’s schools.

Youth entrepreneurship offers the promise of encouraging rural students to see that their opportunities can be greater then working in the local mill or mine. The skills provided by these programs might not be used right away, but the spark is one that can be nurtured for years – and carried back home to start that business and provide jobs, opportunity, and hope in their home town. –

Preparing today’s students for success and eventual leadership in the new global marketplace is the most important responsibility in education today. Providing them [youth] with guidance and opportunity at the most critical junctures along their educational journey can have a profound impact. Entrepreneurship education is an important tool in achieving these goals

The economic engine of India is fuelled by the creativity and entrepreneurial spirit of its people. The most important thing we can do for our future is to nurture these values in our young people by providing educational opportunities for them to explore and learn about entrepreneurship. All of us in education should do what we can to inspire our students, build upon their interests and native curiosity, and engage them in meaningful learning.

Today’s students will work in multiple jobs over the course of their careers, possibly working for themselves, and this requires entrepreneurial skills. Not only must students have subject matter knowledge, but also they need 21st century skills to problem-solve, work with diverse people, and develop sophistication about areas affecting their personal well being, such as how to make good choices about their financial security. This can be a very exciting future for students -- but they must be empowered with knowledge and skills.

To thrive in our new world, our students need strong analytical, communication and interpersonal skills. They must be more entrepreneurial, willing to take risks and able to tolerate greater ambiguity. These challenges and opportunities compel us to re-examine our current education practices and banish any assumptions that what was good enough for us is good enough for our kids. This implies doing what works and transforming what doesn’t

Entrepreneurship provides students with the knowledge and skills necessary to build a successful career. These students learn lessons that can be applied in other areas of their life, such as leadership, math, writing, and speaking skills. Youth should be encouraged to take courses that enhance their understanding of business and financial matters and provide youth with confidence to follow their dreams in owning their own business.

Ideas like entrepreneurship education show that we can engage kids in ways that are relevant to their lives and teach them the content and skills they need to be successful. Entrepreneurship isn’t just about business, it’s about problem solving, critical thinking, and tenacity, skills that we want all students to leave school with regardless of their career path.

Learning how to bring new ideas into the world through entrepreneurship empowers young people to develop their talents and confidence while helping their communities. Entrepreneurship education helps connect youth to their futures by enabling them to see how possibilities can become realities.

I believe that Indian youth are among the world’s most imaginative populations, constantly inventing and reinventing themselves and the country’s youth culture, and forming businesses… Entrepreneurship education requires three things: well-targeted programmes in places of greatest need, expansion, and a steady focus on providing high-quality training. As a nation of innovators, we can do it all.

Education and entrepreneurship are two pillars of the India’s free enterprise system. All members of society benefit from a strong economy. A way to bolster the markets of the future is to plant the seed of entrepreneurship in the minds of our country’s youth today. Encourage creativity, innovation, risk-taking and, most of all,encourage our youth to pursue their dreams.

Without role models and examples of successful business people in their own communities, our youth often see the Indian Dream as either ‘hype’ or a pipe dream. Our young people need to know they have viable place in our market economy. EDI – INDIATRUST partnership is part of the solution to bring entrepreneurship to the young people who need it most. It’s a leveraged organization that will have a great ROI for our city and nation.

Every child needs hope and opportunity. Hope and opportunity are driven by education. If a child does not have opportunity in his or her education hope and opportunity dissolves .You get unrest and despair and violence. If you train more entrepreneurs they create more jobs and opportunities. We need to multiply that. The better job we do the safer the world will

INDIA TRUST believes in the power of entrepreneurship. We’ve partnered with EDI, ,to accelerate the pace of change in public education by supporting, connecting, and sustaining education entrepreneurs and innovators. We are pleased to be part of an initiative that is convening entrepreneurial leaders in public education to create a common agenda for broad-based systemic change in the field. We believe a core component of that change element is financial literacy and teaching entrepreneurship to young people from all communities, including lower-income communities. We understand the time is now to teach youth the lessons of our past and prepare them for changes in our future.

Entrepreneurship education inspires young people to do all the right things—understand the relevance of a good education, gain financial literacy, plan for financial independence, explore their talents, and most importantly, stay in school and develop pathways to college. All students, no matter where they are raised, deserve this chance for opportunity and growth. It has never been more important to India’s economic system than it is today for young people to be fully prepared to navigate successfully the vicissitudes of the world of work.

By any calculation, the steadily escalating impact of the un employability crisis requires immediate countermeasures and new ways of thinking about collegiate education. India cannot expect to compete in the global economy when 50 to 60 percent of our students do not graduate. Increasing the graduation rate by just 5 percent could lead to combined savings and revenue of almost $8 billion each year... Policymakers need to put entrepreneurship education at the forefront of their agendas.

By investing in entrepreneurship education programmes, funders can open an exciting world of possibilities to young people, and help them develop new confidence, skills, and ambitions along the way.

Youth the world over are increasingly expressing their desire to learn about and engage in entrepreneurship. Opportunities to encourage youth and youth to launch businesses, even while still young, are proliferating but more must be done. Young people in large numbers report that they want to play a significant role in eliminating poverty, improving their communities, and creating the future through innovation, imagination, and opportunity recognition.This is a generation that is excited about “making a job”and not just ‘taking a job.’

Research indicates that greater connection with ‘real world’ activities and applications keeps kids engaged and in school. To the extent that we want to crack the code of the unemployment problem entrepreneurship education is an essential part of the combination.