entrepreneurial

In the 21st century, the key to remaining competitive with China, India, and the rest of the world will be innovation, a national core competency that will play a critical role in the battle to preserve the American Dream. This view is the subject of a forthcoming book, written by Kenneth Harrington, managing director of the Skandalaris Center for Entrepreneurial Studies at Washington University in St. Louis, and Robert Skandalaris, founder and chairman of Noble International Ltd. While America was built by entrepreneurs, and continues its stronghold on innovation, the co-authors contend that it is no longer a forgone conclusion that America will lead the world in innovation.

A new partnership between the YouthBridge Association and the Skandalaris Center at Washington University in St. Louis will support social entrepreneurship in the St. Louis region. YouthBridge has pledged $500,000 in funding over five years so Washington University can create the YouthBridge Award and the St. Louis Social Entrepreneurship and Innovation Competition. The university, with the help from community partners, plans to support the initiative with more than $500,000 in resources. Washington University and YouthBridge are inviting other area universities, institutions, community groups and foundations to collaborate on this effort. The purpose of the competition is to stimulate collaborative activity that leads to multiple innovative approaches to the area’s social problems.

Carl Schramm, President and CEO of the Kauffman Foundation, will deliver an address entitled: “Innovation: How it will impact the United States in a Global Economy” on Friday, Feb. 18, 2005.

HarringtonThe uncertain economy of the last few years has some wondering if American innovation and ingenuity is in decline, but not Kenneth Harrington and Robert Skandalaris. Harrington, director of the Skandalaris Entrepreneurship Program at the Olin School of Business at Washington University in St. Louis and Skandalaris, founder and Chairman of Noble International Ltd, are collaborating on a book on entrepreneurship and find it alive and well. But in a recent article, they caution that “people, organizations, institutions, and governments that don’t have a strategy to lead in entrepreneurial innovation will be displaced or at serious risk of becoming obsolete.” The Washington University business school launches its 2004 Olin Cup Entrepreneurship Competition this month with special events, speakers, and workshops. Washington University recently received a major grant from the Ewing Marion Kauffman Foundation to expand entrepreneurship education campus-wide.