Cultural entrepreneurship is a key area of fascination with several cultural and civic companies and has a substantial affect several aspects of society. In the past decade economic methods have become more hard to get and culture has extended to exhibit economic and cultural decline. Simultaneously, areas are in need of initiatives that'll improve their financial viability and programs that'll improve the entire viability of the population.

Cultural entrepreneurship initiatives are ventures that could offer as a technique of increasing the cultural value of a residential district, firm or cause while increasing the financial viability of a not-for-profit organization. With this being said, cultural entrepreneurship has been described in different ways by many different theorists. Gary McPherson, Executive Administrator of the Europe Hub for Cultural Entrepreneurship, states that cultural entrepreneurship requires numerous individuals working toward conference cultural and economic targets concurrently; while Bill Drayton, CEO of Ashoka, becomes cultural entrepreneurship as a expression coined to spell it out "folks who mix the pragmatic and effects focused methods of a company entrepreneur with the targets of cultural reform."

An even more simple classification of cultural entrepreneurship states that it's "the method of applying entrepreneurial and organization abilities to create innovative approaches to cultural problems." Thus, it is a method that is currently getting make friends used to solve community and societal issues globally. Cultural entrepreneurship as an area of specialized entrepreneurship isn't described by the exact same titling in most culture. For instance, in Latin America places cultural entrepreneurship initiatives are called "Micro Enterprise." In India the exact same plan could be discovered as a "Cultural Mission." Though termed differently in a variety of parts, cultural entrepreneurship initiatives are now being executed to solve specific societal and community issues by emphasizing the needs and resource availability within specific regional regions.

Cultural Entrepreneurship in Knowledge Through the United States, several top tertiary stage academic institutions are increasing their organization programs by including a curriculum that suits the study of cultural entrepreneurship. In 2003, the Center for Responsible Organization was launched on the College of Florida Berkley Campus. This subsidiary of the Haas School of Organization was executed with the intention of instruction pupils to be more principled and socially responsible people of culture through attending "the preeminent academic institution in area of Corporate Cultural Responsibility." Stanford College also has recognized a Center for Cultural Development as part of its scholar college of business. This center was founded with the mission to "construct and improve the ability of an individual and companies to develop innovative answers to cultural problems for a more just, sustainable and healthy world."

In 1993, Harvard Organization School began its cultural enterprise plan using its mission of "generating and discussing information to simply help individuals and companies to create cultural value in the not-for-profit, personal and community industries," and the College of Ohio has refocused its organization college curriculum to add coursework in the aspects of ethical-decision creating, cultural entrepreneurship and community diamond with the primary focus being to reveal pupils to numerous aspects of civic diamond while concurrently training them management and staff building skills.

Tertiary stage institutions, including Duke, which has recognized a Center for the Development of Cultural Entrepreneurship as part of its Fuqua School of Organization, and Columbia College where the study project on cultural entrepreneurship is stuck in its college of organization, have produced steps to boost the study and knowledge of these seeking to venture in to aspects of cultural entrepreneurship and cultural venture implementation. The Association to Improve Collegiate Schools of Business-International (AACSB - International) has discovered over twenty-four tertiary stage institutions which have involved cultural entrepreneurship as part of their organization college and or organization curriculums.