Entrepreneurs have a knack for recognising and seizing opportunities by identifying innovations, solutions, products and services that improve user experience. People with a scientific mindset are natural problem solvers much like entrepreneurs. Many innovations such as Virtual Reality headsets, 3D printing and self-driving cars, arose from Science, Technology, Engineering and Maths (STEM) areas.
Entrepreneurship applies innovative concepts to human problems, providing unique and valuable solutions to users. An entrepreneur’s implementation of innovation often disrupts the market and shapes consumer behaviour. Since its inception, Uber has changed the taxi industry beyond measure. People needing transport can now organise pick-up through their smartphone, tracking their rides’ progress in real-time.
An entrepreneur's expertise lies in recognising market demand and customer needs before other businesses. They achieve this via a problem-solving mindset and big picture thinking. STEM areas like Aviation, Data Science, Microbiology, Astronomy and Biotechnologies are ripe for entrepreneurial disruption given they rely on the constant evolution of technology. Disruption can occur by finding better ways to utilise data, listening to customer needs and developing new technologies and more
Careers in Entrepreneurship
A career in entrepreneurship combines a mix of experience, skills and interests. What you study at university will influence the areas of entrepreneurship you choose as a career path. Professionals in this field work across all sectors but specialise in their area of expertise.
This career-path often means a lot more freedom and self-determination than other careers. Many entrepreneurs are their own boss, and the concept or idea they bring to fruition is their own company.
Entrepreneurs can also pursue careers in traditional organisations. Many projects within large organisations often rely on an entrepreneur who understands the importance of business and research planning for innovation.
To be a successful entrepreneur in areas relating to STEM, a relevant education is generally required. UNSW Science degrees provide an edge over other institutions and prepares you for the competitive job market of today.
- Business Development Manager
- Product Manager
- Business Owner
- Chief Executive Officer
- Software Developer
- Digital Nomad
- E-Commerce Specialist
- Account Executive