Hundreds of business hopefuls have failed to secure investment on the BBC's Dragons' Den. As investors, the other dragons and I need to be convinced not only that the person asking for our money has a sound understanding of business, but also that they have entrepreneurial flair. All too often, the people entering the den seem to be high-calibre individuals who demonstrate excellent business knowledge but lack the skills required to turn their ideas into success stories.

The same goes for graduates and schoolleavers. Many young people entering the labour market do not seem to have the entrepreneurial skill-set needed by most employers. Up until now, we have simply not done enough to unlock the entrepreneurial talents of our young people.

Traditional business courses equip students with valuable theoretical business knowledge, but in the UK there is no consistent provision of enterprise education. This matters because enterprise and entrepreneurship drive economic growth.

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