By entrepreneurial learning, we refer to the concept that encompasses the acquisition and development of knowledge, skills, and mindset linked to entrepreneurial activity. It is a concept that involves a certain set of skills that facilitates the materialization of creative ideas into action.

Fostering Entrepreneurial Process

The learning procedure revolves around three main characteristics; it is a maturing process that involves: responsibility; connectivity; and, independent way of thinking. In addition, it facilitates entrepreneurial process that it consists of the following five stages:

• Generating a business idea
• Evaluation of existent opportunities
• Making a business plan
• Business formation
• Company growth

As we unfold the business process into the five phases, which we describe above; it is easy to identify a certain set of necessary skills that facilitate the procedure. Among these skills are the following:

• Communication, including listening
• Good knowledge of finance
• Teamwork, as well as leadership skills
• Analytical and critical thinking, as well as problem-solving skills
• Ability to plan strategies and planning, among other skills

Benefits of Entrepreneurial Learning

The learning process is preparing and introducing a person into entrepreneurship. The overall aim of this set of actions, ensures that the conceived business idea is viable; it is of value and competitive regarding the market’s demands; and, sustainable.

Therefore, this kind of learning cultivates the learners’ creative thinking, in terms of being resourceful; and, fosters unconventional skills. To a greater extent, the entrepreneurial procedure is significant, as it has positive impact, both for the social and economic landscape. There are chances of opportunity created; enhancement of social justice; and, boosts the economy.

Institute of Entrepreneurship Development (iED) acknowledges the importance of entrepreneurial learning and its beneficial character. Furthermore, our institute is an active participant in many European projects of pertinent content.

An example would be the Erasmus+ project “DIG IN: Promoting youth entrepreneurship to foster NEETs social & work inclusion, using digital youth work and collaborative techniques” that supports the entrepreneurial process with emphasis on the use of ICT and new media.