Entrepreneurship in Developing Economies

Entrepreneurship in developing economies, particularly in academic contexts, refers to the process where universities and research institutions foster innovation and start new businesses based on research discoveries. This includes transforming ideas into practical solutions that can create jobs, stimulate local economies, and address community needs. By supporting entrepreneurs through resources, mentorship, and funding, these academic institutions help bridge the gap between research and real-world applications, driving economic growth and improving living standards in their regions. This dynamic relationship strengthens both the educational and entrepreneurial ecosystems.