The road to success28 November 2014
Entrepreneurship education has a significant role in supporting the main goals of the Europe 2020 strategy shows a new report from DG Enterprise and Industry. Students participating in entrepreneurship education are more likely to start their own business, are less unemployed and make more money
DG Enterprise and Industry presented recently the report "Entrepreneurship Education: A Road to Success". It is a mapping exercise of examples of research on the impact of Entrepreneurial Education, presenting 91 studies from 23 countries.
Eighty-four studies addressed initiatives and actions taken at national level, and seven examples researched the effects of transnational projects operating in several countries.
- Students participating in entrepreneurship education are more likely to start their own business. Their companies tend to be more innovative and more successful than companies led by persons without entrepreneurship education backgrounds are.
- Entrepreneurship education alumni are at lower risk of being unemployed, and are more often in steady employment. They have better jobs and make more money.
- Notably, effects tend to cumulate and lead to acceleration: those who participated in a higher number of entrepreneurship education measures benefited more over time.
- The positive impact is not restricted to students and alumni. Besides impact on the individual, evidence from the examples reviewed for this study also shows impact on educational institutions, the economy and society.