Super Innovation in Higher Education by Nurturing Business Leaders through Incubationship

Abstract

Purpose: In the ever-evolving landscape of higher education (HE), the need for academic innovation has never been more apparent. As we stand on the threshold of a new era defined by rapid technological advancements, shifting economic paradigms, and global challenges, it becomes imperative to reimagine the way we prepare our students for the future. With the threat of AI-based automation of jobs and hence tumbling employment, there is a greater demand to create entrepreneurs. In response to this demand, the concept of incubationship has emerged as a super-innovation with the potential to revolutionize higher education. Incubationship, a transformative process that guides students in identifying and nurturing their own business ideas to ultimately launch startups, represents a profound departure from conventional educational models. It signifies a fundamental shift in how we perceive the intersection of education, entrepreneurship, and innovation. Concept: This paper delves into the compelling need for incubationship, recognizing it as a pivotal solution that addresses the shortcomings of traditional higher education systems. By doing so, we aim to illuminate the extraordinary potential it holds for students, universities, and the global economy. Incubationship is not merely an educational method; it is a dynamic catalyst poised to shape a new generation of forward-thinking, problem-solving, and self-reliant individuals who will navigate and contribute to a world that is more dynamic, interconnected, and complex than ever before. In this exploration, we shall uncover how incubationship's innovative approach meets the demands of our evolving society and why it is an indispensable component of the future of higher education. Methodology: This is conceptual research and makes use our own idea and development of the idea as a conceptual model by using the information obtained from various sources like scholarly articles, AI-based GPTs at various stages of this systematic incubationship model development. Results/Analysis: The paper analyses and evaluates the new model of experiential learning called “incubationship” to create an entrepreneur at higher education level by applying various higher-level research skills including design, analysis, comparison, evaluation, interpretation, and creation of new ideas. Originality/Value: The paper suggested a super-innovation in HE by proposing a new model to create innovative entrepreneurs through a semester-long project called incubationship to nurture the business leaders to start their own businesses in the form of a startup company. Type of Research: Conceptual research.