Higher Education is increasingly central to the development of wealth and a knowledge-based society. But how can universities encourage entrepreneurship and help students to experience the realities of life in entrepreneurial organizations? In a pilot project, students at Cambridge University in England were exposed to both the theories and practices of entrepreneurship with project-based work placements in such organizations in the Cambridge area. This article summarizes how the scheme operated, the lessons learned and the achievements. Project-based work has benefits for both students and companies and offers an important bridge between academe and small businesses in particular.
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