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Helen Gresty, Executive Director Innovation Programmes
Creating Enterprising Colleges - 01 July 2008
Developing enterprise (& innovation skills!) through work experience related learning
NESTA
Vision – of a creative and enterprising UK competing globally and responding to social challenges
Mission – to transform the UK’s capacity for innovation
Approach – think / do tank
An expert resource on innovation
Endowed finance - independent, risk capital for experimentation
A long term view
Mainstreaming what works
Education – preparing the next generation of innovators and entrepreneurs
Context:
rapid social, economic and technological changes
transformation of work and careers
start of a shift in education creates opportunities to build enterprise skills for innovative economy
Young people exposed to and ready for future world of work
Refreshing Work-Related Learning:NESTA’s Future World of Work Portfolio
Future World of Work: Researching the Issues
3 Studies - creative economy, rural economy and third sector:
Work-related learning too often seen as just work experience
Use ICT imaginatively to support work-related learning
Don’t overlook small businesses and social enterprises
Effective brokerage is extremely valuable
Sell it!!
Key Findings – Creative Economy
Creative industries bring new ideas, technologies and ways of working essential to the future economy and world of work
WRL can boost the supply of talent and skills
For creative businesses, work-related learning can help spur innovation, creativity, competitiveness and growth
Creative and Media Diploma and Creative Apprenticeships driving demand
But capacity challenges for creative enterprises
Example… The Sorrell Foundation’s matching scheme
Key Findings – Rural Economy
Rural economy is growing, but there is a ‘brain drain’
Exemplifies many features of the future world of work
Challenges arising from small and disparate nature of businesses in the sector
Sell as a means of retaining local talent, reducing youth unemployment and revitalising the local economy
Great potential for ICT to support work-related learning in isolated rural communities.
Example… virtual work experience in the Highlands and Islands
Key Findings – Third Sector
Sector is fast-growing part of UK economy – annual turnover of around £75 billion
WRL helps young people appreciate competing pressures of making money, pursuing a mission and creating an impact
Support needed to encourage greater participation – sell benefits of getting young people involved in fund raising
Need for clearer picture of opportunities and career pathways in sector
Example… Trust Youth’s mini charities in schools
NESTA Pilots
Test out new ways of delivering work-related learning that reflects the dynamics of the new economy
Demonstrate the skills for enterprise and innovation which young people acquire
Examine the benefits for all the participants – students, education, business and wider society
Share learning, influence policy and practice and develop practical tools
Announcement in August – live from Sept 08
Conclusions
The UK needs innovative young people to strengthen the economy, invigorate communities and regions, and develop successful private, public and third sector organisations
Work-related learning is crucial in delivering this.
Recent education developments provide new opportunities
But opportunities will only be grasped if there is a step change in how work-related learning is delivered.
www.nesta.org.uk