A‘museopreneur’ was defined in 2019 by American entrepreneur Brendan Ciecko as someone “who embraces or assumes characteristics of an entrepreneur to advance their museum’s business model and general operations”.
Entrepreneurship, while not being able to solve the problems of young people, appears to be a sustainable solution to the employment crisis in Africa. According to the African Development Bank, 22% of Africa's working- age population are starting businesses, which make Africa the continent with the highest entrepreneurship rate in the world.
In sectors such as museums where the majority of institutions are nonprofits with a strong adherence to a central and focused mission, monetizing external expertise or other assets, if done in ways that propel a museum’s mission, can be tremendously fruitful and beneficial across the board. It can also constitute a great opportunity for young entrepreneurs to get involved and make positive impact within the cultural world.
Museums and cultural institutions can apply entrepreneurial principles to encourage inquiry, drive innovation, and transform themselves into truly modern organizations that are poised to take advantage of today’s enormous opportunities.
Weeks 1&2
How can museums work with entrepreneurs?