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Educating the Next Generation of Entrepreneurs

Posted by: Mark Marich on February 08, 2010 Source: Policy Dialogue on Entrepreneurship

As the nation seeks solutions to joblessness, policymakers and the media have been looking at the Network for Teaching Entrepreneurship (NFTE), an organization that has skillfully been tapping on our youth’s inventiveness and entrepreneurial potential through entrepreneurship education.

The media has been highlighting the impressive results indicating that by teaching students how to become owners, NFTE has helped them take control of their own future. A Harvard University study found that their interest in attending college increased 32 percent after taking the entrepreneurship course, while their job aspirations rose 44 percent.

President Obama invited the winners of NFTE’s 2009 National Youth Entrepreneurship Competition to a meeting in the Oval Office last fall.

In a recent post, we quoted Thomas Friedman saying that: “The president should also vow to bring the Network for Teaching Entrepreneurship, or NFTE, to every low-income neighborhood in America."

Amy Rosen, President & CEO of NFTE, discussed in a piece on the Huftington Post the potential impact of the new policies introduced by the Obama Administration. She concludes:

“These recent acts by the federal government are changing the balance of our education system. Historically, local funding has been much more significant in education than federal funding meaning the debate around standards stayed local too. The Race to the Top funds, and the President's proposed 6% increase for federal education funding in the coming fiscal year, demonstrate both the President's commitment and the influence that Arne Duncan wields on Capitol Hill and a remarkable shift towards making the standards debate a national one. A key challenge we will face is how to leverage federal funding for programs like NFTE that work very well on a local level and execute them effectively on a larger scale.”

 

Category:  Education 

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