Entrepreneurship has become a global phenomenon today. All countries are well concerned with this issue at hand. India has also been pretty much responsive towards the development of entrepreneurship. The effort towards building entrepreneurship has become prominent with the reflection in the creation of entrepreneurship cell in different premier educational institutions, conducting of entrepreneurship week and leading entrepreneurship workshops and the like in the different corners and parts of our country. This paper attempts to understand the notion of undergraduates towards entrepreneurship in the context of latent interests among the undergraduates in engineering and commerce students.Besides it also tries to focus on the relevant factors that play a leading role in building entrepreneurs of tomorrow in the true sense of the term.