Intellectual Entrepreneurship: Theories, Purpose and Challenges

Abstract

Entrepreneurship and intellectualism are usually seen in different forms, but one can reinforce the other. Intellectual competencies have become quite useful in an increasingly complex context of business activities and thus have the potential of reinforcing entrepreneurship. Entrepreneurship is one of the factors of production. The challenge for intellectual entrepreneurial organizations therefore lies less in the creation of esoteric ideas for the shelves, but collaboration with enabling agents for converting creativity in form of the knowledge assets to innovation and wisdom for it to become more relevant in promoting sustainable economic growth. However, the legal protection of intellectual property rights is sine qua non to successful implementation and long-term entrepreneurship sustainability on the platform of intellectualism.