Community: The Mother of Invention

This post was contributed by Matthew Jayes, Business Development, Communication and Enterprise Manager in the School of Business, Economics and Informatics

A report into student entrepreneurship compiled by Public and Corporate Economic Consultants (PACEC) identified independence and flexibility of self-employment as the major pull for graduates to seize the opportunity to become their own bosses. But from what or from whom do they gain independence? Does workplace employability restrict flexibility, despite the right to request flexible working?

Most responsible businesses communicate their impact on their respective environment, stakeholders and employees. How, then, should universities frame the concept of student entrepreneurship? Negatively, as the freedom from external restraint on the individual’s actions; or positively, as the ability of an individual to act upon free will, providing the outcome does not harm others?

enterprise-300pxwIn all likelihood, it remains the role of the university to clearly articulate the known options and help students to navigate their chosen path. For this reason, Birkbeck offers unique support to students interested in developing new ideas (Enterprise), and new businesses (Entrepreneurship), in the form of Enterprise Pathways. Many Birkbeck students have commitments beyond their study, in the form of work, care, societies or volunteering. To accommodate these constraints the pathways on offer allow different students to engage in different ways, from a variety of starting points.

Every academic year, we offer the Boot Camp pathway, which brings together students from different organisations to work in small groups to develop new ideas on a given theme. The autumn 2016 Boot Camp will be held at Runway East in partnership with Central Saint Martins, University of the Arts London, Goldsmiths, University of London, and Sotheby’s Institute of Art, London. The theme is Future of Media and will be facilitated by invited guests such as Kirsty Styles, Programme Lead, Talent and Skills, Tech North.

Students interested in a longer path have joined the Birkbeck Enterprise Community, Competitions and Awards (BECCA) course, running from November to July. These students, from various courses at Birkbeck, build networks and develop their ideas as part of a supportive community augmented by external facilitators. The first session in November 2016 featured Damola Timeyin, Strategist, BBH London, leading the Saturday morning meeting on “Creativity”, where he urged the audience to fully embrace diverse opportunities, experiences and communities.

The first BECCA session

The first BECCA session

Birkbeck students hoping to develop ideas independently are encouraged to follow the digital pathways online. Simply Do Ideas offers an online idea testing tool, through which students can directly access support from the Enterprise Pathways team. Enterprise Pathways has also partnered with The Digital Garage from Google – a digital skills training platform assisting students to grow their business, career and confidence.

So –where do these pathways lead? Each has its own distinctive outcome; however by forming a strong community and deep understanding of our students, Enterprise Pathways helps to map a bespoke route to future destinations. At the heart of London, a global creative city, we help our students to identify what could enhance their enterprise journey. Enterprise Pathways empower Birkbeck students to make a positive impact on society by thinking differently.

Notes

  • Places for Birkbeck students at the Future of Media Boot Camp have now been allocated, however please email Enterprise Pathways to join the waiting list.
  • The full BECCA programme is available online. While the course is at capacity, interested students should contact Matthew at the earliest opportunity.
  • Links to Simply Do Ideas and The Digital Garage from Google are for enrolled students only, available on the Enterprise Pathways website.

Further Reading

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A Time for Entrepreneurs

Andrew Atter, Birkbeck’s Entrepreneur-in-Residence, writes about the current opportunities for entrepreneurship in London.

As we draw to an end of Global Enterpreneurship Week, you might be forgiven for being overwhelmed by all the hype. Everywhere you look there are conferences and workshops. President Clinton delivers his key note speech at Entrepreneurs 2012 today. And, as you flick through papers, millionaires promise to share their secrets of success. Who said there’s no free lunch!

What does all this mean?

Well, behind the entire buzz, is a very serious point. As anyone who has seen the expression on Mervyn King’s face will have realized, as a society we face years of stagnation and low growth.

This means for students and alumni, work opportunities, job prospects and career growth through traditional corporate structures will be far more limited than in the past. As both an economy, and as individuals, we will all need to access new markets and create new products and services. This is what Entrepreneurs do: they take initiatives that create wealth and opportunity, for themselves and the society around them.

Looked at through the lens of an entrepreneur, the conditions for starting new businesses are good. According to the FT, new company formations rose by 2% last year, and HEFCE report that knowledge transfer from universities increased by 7% in 2010-11. The UK economy overall might be stagnant, but that is not true for London, and certainly not true for the M11 and M40 corridors linking London to Cambridge and Oxford.

Entrepreneurs with sharp business plans, focused on early sales growth, can get funding. And, the good news is that businesses formed in recession tend to be leaner, meaner and more sustainable that fanciful creations funded by bank debt in boom times. I speak from experience.  A business I founded in the post dot.com crash is still going strong, whereas a business launched at the peak in 2007 became an out of control, over complicated monster, and had to have the plug pulled out.

So, beware of the hype generated by charlatans and snake oil salesman, but also don’t be out off by the Mervyn Kings of the world.

Birkbeck students are situated at the nexus of the greatest concentration of financial, technical and creative resources on the planet, in one of the world’s most entrepreneurial societies. To prove it, next time you have a Dhall Curry at the farmers market in Torrington Square, just reflect on the simple fact that someone put the formula Students+Curry+Lunch = Opportunity together before you did. In other words, someone ate your lunch.

To avoid that happening again, simply join the Birkbeck Enterprise Hub (aka Starts Hub), join a Coaching Seminar, attend a CEO Workshop, and start making things happen for yourself and those around you!

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