Synopsis Today, countries all over the world are emerging into knowledge economies. The click and portal have been transforming traditional brick and mortar economies of various nations into knowledge economies. The world has come to a transitional phase and is being metamorphosed into a global village. Information technology, multimedia and telecommunication advancements have brought about the revolutionary change. Internet has created a very appropriate and effective knowledge base. Everyone of us is wonderstruck with the lightening speed and mobility of data, information and knowledge which enabled technologists, managers and entrepreneurs to make most significant decisions sitting on their office desk. A plethora of entrepreneurial opportunities have surfaced as a sequal of this unbelievable yet, real change. Both traditional knowledge-based ventures are being set up by entrepreneurs. Indian entrepreneurs and intrapreneurs have been playing a pivotal role as whiz-kids in their own ventures and in the most advanced multinational corporations of the world. In this book an attempt has been made to present the icons of academicians, researchers, small business teachers, government departments/organizations and practitioners of entrepreneurship about entrepreneurial apportunities in knowledge economy. The book has been theme of this book, part two deals with Entrepreneurship in Information technology and allied areas, part three is devoted to entreprenership in education and entrepreneurship in service sector has been dealt in part four of the book.