Entrepreneurship Among Students in Private Universities: A Pathway to Innovation and Economic Growth

Abstract

This paper explores students' entrepreneurial activities in private universities, focusing on how these institutions foster innovation and contribute to economic growth. Using a qualitative approach, the study examines key theories such as Schumpeter's Innovation Theory and the Entrepreneurial Ecosystem Theory to provide a conceptual framework for understanding student entrepreneurship. It also reviews the role of entrepreneurial education in developing essential skills like creativity, critical thinking, and risk-taking. The research highlights private universities' unique advantages, including access to networks, funding, and personalized mentorship, while identifying challenges such as financial constraints, balancing academic and business responsibilities, and limited market access. By addressing these barriers, private universities can strengthen their role as incubators of entrepreneurial talent, equipping students with the tools to succeed in the competitive global economy. The findings underscore the importance of enhancing entrepreneurial ecosystems within private universities to promote student-led innovation and sustainable business development.