Entrepreneurial University: India’s Response

The object of this paper is to analyze the concepts of ‘entrepreneurship’ and ‘entrepreneurial university’ in the broader context of globalization, technological innovations and the emergence of knowledge-based and technology-driven economies. Instead of epistemological and organizational forms of knowledge production and dissemination, the universities today are required to play a protagonist role by training productive intellectual resource and generation of new knowledge that could be converted into wealth or social gains. They are no longer confined to teaching ‘about’ entrepreneurship but are actively engaged in teaching ‘for’ entrepreneurship. Instead of preparing their students for seamless path to work, the universities are required to prepare them for uncertainties, complexities and vulnerabilities in future. Besides highlighting some of the issues at stake, an attempt is made to understand the economics, philosophy and legality behind the whole idea of entrepreneurial universities in general and in India, in particular. The idea of social entrepreneurship is also introduced in the context of India. The methodology adopted is analytical, descriptive and empirical.