Entrepreneurship plays a significant role in business bachelor programs across Luxembourg and Brussels.
Many business schools in the European Union offer courses and programs that are specifically designed to help students develop the skills and knowledge needed to start and run their own businesses.
As regions rush to capture the next “unicorn” for their financial markets, schools are challenging students to think beyond traditional career paths and consider the impact of their own entrepreneurial ideas.
Why Entrepreneurship Is Relevant To Business Students
The idea of entrepreneurship interests a sizable segment of business students, as many seek to acquire a Bachelor’s in Business to further their understanding of operating a business.
However, many students prefer a secure career over a venture that cannot promise success.
Therefore, students are often very keen or uninterested in any entrepreneurial programme by universities. This proves difficult because an entrepreneurial spirit is still much needed in today’s business world.
Advent of Intrapreneurship
Intrapreneurship is the practice of fostering an entrepreneurial spirit within existing companies.
It involves empowering employees to identify new business opportunities, develop innovative ideas, and take risks to create value for the organisation. Intrapreneurship allows companies to tap into the creativity and problem-solving skills of their employees, driving innovation and growth from within.
Companies are seeking workers with entrepreneurial mindsets because it offers several benefits, including the ability to innovate quickly and respond to changing market conditions, and the ability to create new revenue streams and business models.
VUCA Environment
This mindset is made particularly valuable in today’s environment. VUCA (volatile, uncertain, complex, and ambiguous) aptly describes the uncertain macro factors companies face in an unpredictable environment.
Hence, smarter, forward-looking leaders are needed to helm positions in a company. A modern business degree will need to challenge students to think beyond the purview of job requirements.
How UBI Develops A Entrepreneurial Spirit
UBI fosters an entrepreneurial spirit by offering a range of programs and resources that help students develop the skills and knowledge needed to start and run their own businesses.
As European institutions aim to develop strong academic backgrounds, UBI focuses on the holistic development of our students as well.
Here are some of the ways in which UBI supports entrepreneurship:
1. Venture Creation Lab
UBI’s Venture Creation Lab is a program that provides students with the tools and resources they need to develop their own business ideas. The program includes mentorship, coaching, and access to funding, as well as opportunities to network with other entrepreneurs. Such a program trains students to develop critical thinking in their business studies, and apply them to real-world situations.
2. Curriculum
UBI’s curriculum is designed to help students develop the skills and knowledge needed to succeed as entrepreneurs. The curriculum includes courses in entrepreneurship, innovation, and leadership, as well as opportunities for students to gain practical experience through internships and other projects. UBI’s curriculum is always up to date with important trends — such as sustainable development, the circular economy and much more.
3. Industry partnerships
UBI has strong industry partnerships in both Luxembourg and Brussels, which provide students with opportunities to connect with potential investors, customers, and other key players in the business world. Aspiring entrepreneurs will find these partnerships helpful in staying up-to-date on the latest industry trends and best practices.
4. Hybrid learning
UBI’s hybrid learning model, which combines traditional classroom instruction with online learning and other digital tools, allows students to access course materials and resources from anywhere, making it easier to develop entrepreneurial skills and knowledge.
Further Learning
Students are encouraged to participate in additional programs to help create a comprehensive learning experience.
Partnership with Babson College: The world’s best Business School for Entrepreneurship
UBI’s partnership with Babson College is a key part of the university’s commitment to providing a world-class education in entrepreneurship and business. Babson College is widely regarded as the best business school for entrepreneurship in the world and is known for its focus on innovation, creativity, and hands-on learning.
Through the partnership, UBI students have access to a range of resources and expertise from Babson College, including faculty members, research, and best practices in entrepreneurship education. This includes joint programs and initiatives, as well as opportunities for student exchanges and collaboration on research projects.
The partnership also allows UBI to offer a unique and innovative curriculum that is designed to prepare students for the challenges and opportunities of the business world. This includes courses in entrepreneurship, innovation, and leadership, as well as opportunities for students to gain practical experience through internships and other projects.
UBI’s Community Coaching Initiative
UBI also offers coaching programs for students interested in start-up mentoring or professional development. Faculty members are highly involved in coaching communities such as the European Mentoring and Coaching Council (EMCC), providing real-world experience to interested students.
Many students under our coaching initiative have gone on to intern at exclusive multinationals, while some have gone on to create their own projects.
One of which is Thibault Jacquemart, who started his own company called Lilo Health.
Lilo Health assists nephrologists in keeping their patients engaged and monitored in between consultations by efficiently prioritising those who require immediate attention. The platform allows nephrologists to manage a significantly larger number of patients, up to ten times more than previously possible and enables them to prevent the onset of kidney failure in patients where it was previously not feasible.
Thibault was motivated and inspired by various factors to convert his university experience into a real business plan. One such factor was his fascination with the healthcare industry, which has a direct impact on people’s lives. He found building a business in healthcare to be a satisfying and intellectual challenge.
The entrepreneurial experience provided him with a certain level of freedom and the opportunity to promote a product with a purpose. Although the technical innovation is novel, it is the business model that represents the true innovation.
Key Takeaways
In conclusion, UBI is a leading institution in Luxembourg and Brussels that provides students with an exceptional education in entrepreneurship and business. The university’s curriculum, industry partnerships, and innovative learning model are designed to help students develop the skills and knowledge they need to succeed in the business world, whether they choose to pursue a career as an entrepreneur, an intrapreneur, or in another business-related field.