Fundamentals of Edupreneurship

Fundamentals of Edupreneurship

Entrepreneurship means many things to many people. Perhaps the biggest misconception is that entrepreneurship refers, exclusively, to starting businesses. In fact, if we use the definition that entrepreneurship is the pursuit of opportunity with scarce or uncontrolled resources with the goal of creating user defined value through the deployment of innovation, then it means much more. In fact, there are many ways to innovate and create user defined value, whether it be in sick care or education, other than taking care of patients, starting a business or teaching students.

The conventional wisdom is evident in articles like this one that talks about how institutions of higher learning can help targeted segments start businesses. Instead, they should be talking about how to create entrepreneurial universities and medical schools.

The missing link in all of this is that we don't recruit, develop and promote edupreneurs- faculty-technologists/social activists acting like entrepreneurs in their schools who are trying to create student and other stakeholder defined value through the deployment of innovative, value creating educational technologies, structure, process and outcomes.

Here is what the academic intrapreneur dossier looks likeand what would appear in an updated teaching portfolio when it's time to be considered for promotion and tenure.

Edupreneurship rests on several foundational principles:

  1. Having an entrepreneurial mindset
  2. Intra- and entrepreneurial knowledge, skills, abilities and competencies
  3. Design thinking focused on creating stakeholder and beneficiary defined outcomes
  4. A systems engineering approach to solving wicked problems, like how to fix outcomes disparities and their social determinants
  5. A different business model
  6. More respect for and attention to edupreneurial champions
  7. Better teacher education and training
  8. An incentive and reward system for not just tweaking a failed system , but rather, making it obsolete given the basic structural changes in the US economy
  9. Eliminating unnecessary and burdensome bureaucracy, credentialing that does not add value and administrivia
  10. Paying more attention to and measuring student defined outcomes
  11. Better public-private integration
  12. K-20 integration and alignment

Edupreneurs are a neglected pool of talent who are being stifled, ignored and buried by an industry highly resistant to change. Since talent goes where it is treated best, the result will be a death spiral and students will be the victims.

Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs.

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  • Tom Cranmer

    Edupreneurship is about driving change and reform by building unique learning programs.

  • Eric Wallace

    Most edupreneurs are smart, hard working and focused on producing measurable results.

  • Alejandra Campos

    This is definitely the future of education

  • Kumar Mohit

    Excellent, thanks for sharing !!

  • Joel Roberts

    Thanks for providing all these examples

  • Aaron Luis

    Edupreneurship is altering the landscape of education. It will also change the way that educators are interacting with students.

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Arlen Meyers, MD, MBA

Former Contributor

Arlen Meyers, MD, MBA is a professor emeritus of otolaryngology, dentistry, and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health and President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org. He has created several medical device and digital health companies. His primary research centers around biomedical and health innovation and entrepreneurship and life science technology commercialization. He consults for and speaks to companies, governments, colleges and universities around the world who need his expertise and contacts in the areas of bio entrepreneurship, bioscience, healthcare, healthcare IT, medical tourism -- nationally and internationally, new product development, product design, and financing new ventures. He is a former Harvard-Macy fellow and In 2010, he completed a Fulbright at Kings Business, the commercialization office of technology transfer at Kings College in London. He recently published "Building the Case for Biotechnology." "Optical Detection of Cancer", and " The Life Science Innovation Roadmap". He is also an associate editor of the Journal of Commercial Biotechnology and Technology Transfer and Entrepreneurship and Editor-in-Chief of Medscape. In addition, He is a faculty member at the University of Colorado Denver Graduate School where he teaches Biomedical Entrepreneurship and is an iCorps participant, trainer and industry mentor. He is the Chief Medical Officer at www.bridgehealth.com and www.cliexa.com and Chairman of the Board at GlobalMindED at www.globalminded.org, a non-profit at risk student success network. He is honored to be named by Modern Healthcare as one of the 50 Most Influential Physician Executives of 2011 and nominated in 2012 and Best Doctors 2013.

   

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