Colleges Supporting Start-ups – Is it Conceivable? June 18, 2020 by Trenton Lawson

Start-ups Created from Simple Ideas: Should There be a Support Mechanism?

Student entrepreneurship is immensely growing. You are already aware of the success stories of the multibillion companies created in dorm rooms by college classmates. It is the minimal risk, access to numerous resources, and flexibility that makes these students take the giant leap. After all, there are only two directions a start-up can take – success or failure. You cannot wait for years and regret on an idea that you supposedly created while in college. If it is possible, why not try it? You don’t want to find yourself questioning all the extra time you had on your hands while in college. Amid homework, midterms, finals, parties, numerous entrepreneurial students have discovered how to launch their start-ups.

Therefore, owing to the many success stories, shouldn’t colleges support these start-ups? Colleges are looking for the next Bill Gates or Mark Zuckerberg. A genuine initiative like availing different entrepreneurship and start-up courses and seminars can go a long way in supporting anyone with a start-up idea. When a university or college offers incubators, hackathons, and networking events, they are exposing possible innovators and entrepreneurs to vast resources that they may utilize to support their start-ups.

Sufficient Network Support from “University Breedâ€

Unity is college is impressive. When you check out the stories of all major college start-ups that have matured in big business today, they all share a story of togetherness. In most cases, college students are one thing, and it does not matter whether they know each other or not. This excellent ideology works pretty well when creating a start-up in college. These learning institutions, via different clubs, create a common ground where students with the same interests interact. Therefore, there is a massive chance for those looking to start a business to meet and brainstorm on exciting ideas. Such instances are great for building deep social foundations. And in a way, the college that you were admitted to that provided the platform for such an interaction. Pretty impressive, right?

Avenue for Small Experiments

Another great strategy that colleges support start-up is via providing them with sufficient space and resources to conduct small experiments. Doing short-term experiments on your start-up is a fantastic way to start, and colleges can easily offer this in their support system. For instance, before creating an app, you can begin by getting early-side partners and assign them some paid projects to comprehend your business model.

Even though student start-ups start a business a little too naive if colleges provide sufficient support, the young person’s biggest flaws can be their biggest strengths. Without a doubt, with the massive resources that colleges possess, students are in a great position to making it big from their start-up. So, instead of waiting to make mistakes in the open market, why not give your project a try in college? You will get a good idea of whether the start-up is viable or not.