Entrepreneurship

Entrepreneurship is the process of identifying and exploiting opportunities to create value, typically through new products, services, or business models. It involves taking calculated risks, mobilizing resources (capital, people, knowledge) and organizing activities to turn an idea into a viable enterprise. Beyond founding a business, entrepreneurship is a mindset characterized by creative problem solving, resilience, adaptability and a strong focus on customer needs.

Imagine a student who develops a sustainable packaging material. They first conduct market research and interview potential customers to validate demand, then build a prototype and test it with local producers. Next they seek seed investors or a grant, scale production incrementally, and adapt the product based on customer feedback — a typical entrepreneurship process combining idea, validation, funding and iteration.