Entrepreneurship Is an Opportunity for Education
With student interest in new business creation on the rise, the future for higher education is likely to be far brighter than it seems.
Research shows that, in the heart of the pandemic, student interest in entrepreneurship education spiked. That trend proves what many of us already suspected: Crisis indeed fuels entrepreneurship.
We saw this happen after the 2002–2004 SARS pandemic, when travel restrictions and limited human contact fueled the growth of e-commerce companies like Alibaba. It happened again after the financial crisis of 2008, which created opportunities for disruptive companies like Uber and Airbnb—then just startups—to shoot up in popularity.
But COVID-19 and the recession it has caused will likely have even greater impact. One of the biggest challenges that humanity has faced in recent years, the pandemic has been a “black swan” phenomenon that has changed our collective trajectory. Its effects are quickly becoming a platform for new growth in nearly every aspect of our lives—especially when it comes to startup creation.
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