Entrepreneurship Theory and Practice

Entrepreneurship Theory and Practice in the context of Academic Entrepreneurship refers to the process of turning innovative ideas generated in universities into viable businesses. It combines academic research with practical business strategies. The theory explores concepts like how new ventures are formed, funded, and managed, while the practice involves real-world applications, such as developing startup incubators or technology transfer offices. Ultimately, it aims to bridge the gap between academic knowledge and market needs, fostering innovation and economic growth while providing students and researchers opportunities to commercialize their work.