Relevance of IGP's in the University: A Proposal to Operate Rancho Maria Lucas Resort

Innovativeness and entrepreneurship in education are inevitable. Literatures reveal that for universities to thrive, there is a dire need to engage in Income Generating Projects (IGP) without sacrificing the 21st century skills collaboration, communication, critical thinking, and creativity. Therefore, innovation takes things that already exist, and puts them together in a new perspective (Tom Freston). The purpose of this paper include the assessment of the university in terms of status quo on the implementation of income generating projects, how innovation and entrepreneurship altogether can be entrenched into the operation, and how can the personnel and students create, communicate, collaborate, and develop critically through the IGP. In conclusion, this paper assessed that the existing income generating projects vis-?-vis the facilities and equipment used for innovation while engaged in entrepreneurial activities. It could be perceived that the implementation of the IGP had to be relevant to the vision and mission of the university which aimed to be a leading university of education and diverse disciplines attuned to local and global development needs. It is highly recommended to review the existing programs and propose a holistic approach in the implementation of the IGP by offering projects that boost innovation. The university offers the following income generating projects: bookstore, dormitory, summer enrichment programs, garments, food court, souvenir shop, institutional materials and printing, internet computing services, review center, trainings, t-shirt production, and Preparatory Learning center. Specifically, this study focused on the proposal to operate a resort named Rancho Maria Lucas.