Education entrepreneurship is the process of creating and managing products, innovations and services concerning learning domains to solve challenges, enhance learning outcomes and transform the whole process. Teachers as Education Entrepreneurs use idea-sensing skills to come up with solutions and opportunities that may include creating new technologies in education or designing new learning institutions or other learning facilities and also use innovative strategies or methods of imparting knowledge. They pair passion for education with business sense to build and run profitable businesses in education—business models that are disruptive enough to the traditional model for learning and make way for effective or more efficient means of learning.
Based on the literature defined below are the major features of educational entrepreneurship:
Key Points
Innovation: Some innovation in a form of a concept, a tool or a model to cater for a need in education.
Problem Solving: Focused on addressing some very specific issues that exist in the area of education for instance the issue needs, particularly quality education and the issue of learning customization.
Scalability: The continual coming up with new ideas that may be enhanced and scaled in order to reach a larger percentage of the population usually facilitated through technology.
Impact-driven:Focus is made on achieving a considerable positive impact in learners, educators, and education organizations.
Sustainability: Establishing profitable business ventures that would enable the organization to generate revenues for future expansion without compromising on educational goals.
Collaboration: The professionals highly interconnected with educators, policy makers, investors and other participants of the education system with the aim of introducing changes.