Role of Industry in Entrepreneurship Education: Implementation and Success Factors

Abstract

The industrial revolution forms the backbone of development of a nation. The innovation is the key for success to ascertain the global competitiveness. The Entrepreneurs need to collaborate effectively with the industry people as leaders, in teams, and with their peers. Industry participation in Entrepreneurship education is essential, without the participation of industry in the development of Entrepreneurship education leads to unemployable graduates. Industry participation in Entrepreneurship education leads to the highly skilled manpower and it improves the quality of Education as well industrial development. The industry participation in the development of the Entrepreneurship Education is needed, which improves the academic ambience and enhance the teaching, learning process. This paper discusses the importance of role of industry in the Entrepreneurship Education Development. This paper first discusses the development of Industry standards with respect to Industry 4.0 and the implementation of Industry based education in Institutions and it discusses the success factors for industrial role in industries and their importance. The study also suggests the improvements needed and related factors.