The Growing Culture of Entrepreneurship Expension of Higher Education

Entrepreneurial approach is a path to adapt the real world needs. "Academic entrepreneurship means solving scientific problems of the society, government and firms: creating innovation, development environment within academic researchers to the market supply; producing and supplying new technologies; and innovation in expanding the boundaries of human knowledge..." Entrepreneurship education in India is in its nascent stripe. Many of top institutions offer entrepreneurial courses today including IIM-A, IIM-B, and Entrepreneurship Development Institute of India (EDI). Higher education institutions across the country are taking leading roles in economic development efforts. This trend seems likely to strengthen as the nation moves into the area of an innovation economy. Higher education plays an increasingly important role, but goes well beyond. The regional strength of universities incorporating efforts as wide-ranging as job training, business consulting, housing rehabilitation and ever securing seed money for new business, Entrepreneurship is a combination of trade and industry. Invention means the generations of new ideas & bringing those ideas into life. Innovation is the specific instrument of entrepreneurship. Entrepreneurship is an act that endows resources with a new capacity to create wealth.