The Woman-Entrepreneur: The State of Research on Entrepreneurship Education, Business Incubation, and Women in the Philippines
Maria Cristina L. Ibañez | Angelica C. Fundan | Ma. Crestia C. Bañares | Juan Miguel Reyes | Ariel D. Tulinao
Discipline: business and management (non-specific)
Abstract:
In the Philippines, entrepreneurship
education is seen as essential in boosting
economic growth, generating new ideas, and
starting new businesses. Despite of offering
BS Entrepreneurship, mandated by CHED
Memorandum Order No. 18, Series of 2017, for
more than two decades, wherein the program
stresses the importance of entrepreneurial
skills and venture development, but gaps and
challenges remains, especially when it comes to
fostering creativity, maintaining institutional
support, and bringing together industry
collaboration. This review aims to look into the current status of entrepreneurship education in the Philippines and how it closes the economic gaps and addresses
gender equality in doing business. The study observes that action-based learning,
grounded on Dewey’s experiential theory, Saravatsy’s causation and effectuation,
and Frese’s action regulation theory, is a major advancement in the field of
entrepreneurship education. This was built by looking at recent literature,
policies, frameworks, programs, and case studies of university-based Technology
Business Incubators (TBIs) and innovation centers. On the other hand, the
results also showed that women are still underrepresented in the entrepreneurial
landscape, specifically in scalable and innovation-driven businesses, due to
systemic problems and mental blocks. The review mentions that innovation
centers and TBIs have been instrumental in assisting individuals who aspire to
become entrepreneurs, but transforming their programs and strategies to ensure
that they are gender-responsive. It suggests that entrepreneurship education
should include mentorship, soft innovation, and inclusive teaching methods to
help and empower women entrepreneurs. To make the entrepreneurial ecosystem
more open and focused on innovation, we need to work together with schools,
businesses, and the government.
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