Suddenly, entrepreneurship is “in” on campuses with activities such as MOOCs, business plan competitions and incubators. This trend seems to be not only in business schools but across the university. Is this good or are universities biting off more than they can chew?
There are many reasons for this sudden surge in activity and interest in entrepreneurship. One hope is to develop an entrepreneurial spirit so that people take initiative and “just do it” (to borrow the Nike slogan). The goal is to make not just the students entrepreneurial, but also faculty, staff, and administrators.
Another hope is to make money to replace a decline in government funding. But is this possible? The entrepreneurial market is a treacherous one. Entrepreneurs need training but usually cannot afford to pay for it. Low-cost workshops are not likely to offset cuts in external funding.