Extrapreneurship is a term that is still fairly new, but then again it is a relatively recent school of thought. The idea that an employee can spearhead new initiatives through experiential learning is one that is fast gaining traction. Many employees of big tech firms and financial institutions are now looking up further education modules such as entrepreneur classes, Fintech MBA programmes and similar types of learning platforms. Which brings us to the question – can you learn entrepreneurship? We believe so.
The framework known as experiential learning helps participants to develop an entrepreneurial mindset and a way of thinking that prioritises positive initiatives and discovery of new ways of operating. This is best demonstrated by the trend of many financial institutions and established multinational companies having dedicated innovation teams, in which an entire department is responsible for championing changes for the better.
With the fast-paced nature of Fintech today, it is important for companies to allow extrapreneurs in their midst the flexibility to make mistakes. The lessons and data learnt from these experiments help them to quickly adjust and pivot in order to make positive changes that will benefit their company in the long run. It is a key reason why many BigTech firms around the world have successfully managed to quickly establish a Fintech arm, with data being key to their efforts.
Furthermore, the practice of extrapreneurship within financial institutions will allow for easier collaboration with Fintech startups. It is a win-win situation as it mitigates the risk posed to them as there is no need to start up a new department. This also provides them the technology needed to modernise and serve their user base better, while helping startups to scale simultaneously.
The Fintech ecosystem needs extrapreneurs, or individuals that have an entrepreneurial mindset to thrive. Will you be the next one?
Join our CFTE Extrapreneurship Programme which has been created to respond to this need. The programme allows professionals to experience entrepreneurship by working on a strategic issue of high growth startups, with Revolut and Shift Technology being part of our previous programme. Applications are currently open.
CFTE is the learning and innovation platform for individuals and organisations to act on the transformation of Finance. Learn how to get into Fintech, explore the exciting opportunities at Fintech startups, lead AI projects and develop your career.
CFTE develops leading online courses (Comparable to Harvard Fintech Course, Oxford Fintech programme and MIT Fintech certificate course), Experiential Learning Programmes such as Entrepreneur workshops and also animate a community of 1000 of alumni and experts.
Think and act like an Entrepreneur with our Extrapreneurship Programme.
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