STEM AND ENTREPRENEURSHIP

RELATION BETWEEN STEM AND ENTREPRENEURSHIP

 There is a strong connection between entrepreneurship and STEM (science, technology, engineering and mathematics). Both concepts result in individuals who take thoughtful risks, engage in experimental learning, persist in problem-solving, embrace collaboration and work through creative process.

Every aspect of STEM has a connection with entrepreneurship. Entrepreneurship requires vision, but also requires a firm understanding of practical realities. STEM emphasizes data-driven decision-making and successful STEM professionals base their decisions on hard facts.

 This article focuses on the relation between entrepreneurship and STEM.

⸫ INNOVATION = STEM + ENTREPRENEURSHIP

RELATION BETWEEN STEM AND ENTREPRENEURSHIP

Entrepreneurs translate innovative ideas and develop them into products and services. This process requires critical and creative thinking, problem solving, flexibility, resilience, a growth mindset and the ability to manage risk and uncertainty – attributes also integral to STEM endeavours.

Entrepreneurship skills and STEM education go hand-in-hand. The competencies required for women to succeed in STEM are equally suited for success as an entrepreneur.some of these are as follows;

• Creativity
• Problem-Solving
• Foresight
• Adaptability

These transferable skill sets are increasingly essential for students faced with an uncertain future where the nature of work is set to change dramatically.

Creativity

The most paramount skill in the STEM + Entrepreneurship overlap is creativity. Think of all the great entrepreneurs in history — Steve Jobs, Bill Gates, Benjamin Franklin — and consider just how impressive their accomplishments were and still are.

These are people who had the foresight and creativity to imagine solutions to problems that didn’t even exist yet! That’s the sort of forward thinking we need to focus on.

While the popularity of STEM education in schools is rising, implementing STEM has been a challenge, partly due to a lack of clarity around what it looks like in the real world.

Adding entrepreneurship programs in schools, particularly in STEM contexts, can help students become aware of future career opportunities through creating business start-ups.

Enterprise programs bring learning to life and develop future-ready entrepreneurial skills, attributes and dispositions.

Benefits And Career Oppertunities:

Entrepreneurship may be a better fit for many students (women) who enjoy STEM and want to pursue a rewarding career sooner. Many of the skills used to successfully launch new businesses are the same as those learned in STEM fields: a willingness to experiment, a reliance on logic and evidence and a focus on creative problem-solving.

For many STEM-inclined students, designing a gadget that makes life better and bringing it to market could be a much more rewarding path than a research job in a corporate or academic setting. It’s also a great time to be an entrepreneur in the esports industry. Because of the minimal cost of entry, entrepreneurs can experiment with online tools and existing platforms to attract an audience to a fast-growing, global pastime.

STEM-Entrepreneurship Program:

The STEM Entrepreneurship   program embodies the foundations of entrepreneurship with the technical rigor and fundamentals from science, technology, engineering and mathematics (STEM). Students coming in to the STEM Entrepreneurship program will choose a focus area in STEM to take a deeper dive into the discipline of their choice.

For STEM students, entrepreneurship is of specific importance and relevance as it helps them not just to be able to solve hard tech problems once they are clearly defined, but to be able to recognise and identify emerging needs and wants, and then, proactively participate in satisfying them by creating and renewing products and enterprises.

In this way, STEM students especially women with entrepreneurial skills are uniquely positioned to move their ideas to impact, to see how tech they love and create changes people’s lives to better and creates value.

CONCLUSION:

All considered, STEM entrepreneurship is a successful offshoot of the revolution in skill-based education. People entering the entrepreneurial world and workforce are equipped with excellent skills and have ample career options, from joining big companies to starting their businesses.