Academic entrepreneurship is the process of transforming research results and technological innovations developed by researchers at universities into marketable products and services, with these people playing the role of entrepreneurs.
Understanding the market: Conducting extensive market research to identify opportunities and assess demand.
Protection of intellectual rights: Any intellectual property developed must be protected by patent, trademark registration or other legal means.
Building a strong team: Finding partners and employees with complementary skills and experiences.
Networking: Building relationships with mentors, investors and industry experts.
Developing a business plan: Preparing a clear plan for revenue generation and growth strategy.
Financing: Providing financing through grant schemes, angel investment, venture capital or other means.
Focus: To focus on the goal and vision of the business and to be prepared to change direction when necessary.
Learning: To establish a business and acquire business-related basic competencies, learn the basics about