Role of Higher Educational Institution in Entrepreneurship Development

Entrepreneurship is set of activities undertaken by an individual in order to acquire together a variety of resources and ideas and merge them to process a commercially acceptable product. To be a victorious entrepreneur, it is very significant to have managerial skill and strong team building abilities. Entrepreneurship development is the process of getting better the skills and knowledge of entrepreneurs all over various training and classroom programs. Entrepreneurship education is definite in broad terms as the building of knowledge and skills for the idea of entrepreneurship generally, as element of predictable education programs at primary, secondary or tertiary-level educational institutions. In the 90s, the country saw the prospective of entrepreneurship not only as an entry-level employment originator, but also as a means of wealth creation. Success stories, particularly in the IT sector, were viewed by entrepreneurs as role models. Key areas of entrepreneurship education could be specified as follows: (a) embedding entrepreneurship into education and training; (b) curriculum development; (c) teacher development; and (d) engagement with the private sector. Despite the tremendous growth in entrepreneurship education, several challenges remain. In today’s atmosphere for developing countries especially, funding and compatibility with education, technology and innovation policies may be vital challenges. More effective activity and analysis of the long-run impact of entrepreneurship education programmes on economic process and job creation is required. These should be supported a broadly outlined set of outcomes, not solely on slim measures such as the amount of start-ups created