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About: Knowledge entrepreneurship     Goto   Sponge   NotDistinct   Permalink

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Knowledge entrepreneurship describes the ability to recognize or create an opportunity and take action aimed at realizing an innovative knowledge practice or product. Knowledge entrepreneurship is different from 'traditional' economic entrepreneurship in that it does not aim at the realization of monetary profit but focuses on opportunities to improve production (research) and knowledge (as in personal transformation) rather than maximizing monetary profit. It has been argued that knowledge entrepreneurship is the most suitable form of entrepreneurship for not-for-profit educators, researchers and educational institutions.