Innovation vs. Entrepreneurship

Question:How do we work together to equip youth with the right skills for the future economy?
on 07/12/2016







If we want to be a nation of Innovators then I think we need to also talk about the connection and differences between entrepreneurs and innovators. 

I run a summer intensive entrepreneurship program for youth at Algonquin College called SUMMIT. As I've shared with them, all entrepreneurs are innovators but not all innovators are entrepreneurs. I describe entrepreneurship as a riding a roller coaster wrapped in chaos. You have to be the right kind of person to jump aboard that ride. But not everyone needs to jump on board. The entrepreneurs that start the businesses and are interested in that ride need a talent pool of innovators to hire and inspire them. Although, we need to support entrepreneurs we also need to breed innovators. 

The Conference Board of Canada has outlined a set of Innovation Skills that includes: creativity & problem solving, communication & collaboration, risk assessment and risk taking, and implementation skills. I think these are the skills that need to be infused in our education system and organizations at all levels.

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