Old Dominion University defines entrepreneurship as more than merely commercializing innovative
products or services. It places a premium on the capacity to introduce innovations that serve both new
and existing demands. ODU supports a clearly defined cost structure, revenue streams, and a clear
value proposition. Additionally, ODU emphasizes that entrepreneurship is for everyone, and everyone
can discover issues and design solutions. According to ODU, entrepreneurship is a combination of
creativity, innovation, and problem-solving necessary for economic growth and job prospects. ODU
fosters an entrepreneurial climate by offering courses, incubators, workshops, and mentorships to
aspiring entrepreneurs.