Abstract:
Entrepreneurship education has the mandate to equip the youth with functional knowledge and
skill to build up their character, attitude and vision. It has vital role in developing eco-system that
promotes innovation (European Union, 2006).QAA (2012) remarks its importance for providing
the base for innovation and creating a value system; and developing entrepreneurial culture,
which drives wealth creation and gives further push to innovations. This necessitates pro-active
policy interventions in favour of entrepreneurship. Initiating a fruitful discussion on
entrepreneurship education, this article tries to conceptualise the phenomenon of
entrepreneurship education, starting form genesis of term 'entrepreneur', its definition, nature
and new role of teachers and teacher training institutions in fostering young entrepreneurs. The
article also tries to facilitate an understanding about 'entrepreneurial teacher and training
institution' and emphasizes the active role of teacher as a 'facilitator'. For this new role teachers
have to be ready initially by going through rigours of teacher training and by continuing
professional development. The paper also deals with the urgency of policy interventions in India
in this regard
