Cultural entrepreneurship involves identifying cultural opportunities.
Cultural opportunities include art, dance, literature, cooking, and baking.
Cultural entrepreneurship is important because it helps to preserve cultural heritage and traditions that otherwise might have been lost. Entrepreneurs create products, events, and services that celebrate heritage in order to keep cultures and traditions alive.
For example,
An example might be a qucinera ( 15th birthday), which is celebrated in Mexico, Latin America, etc.
I hope this helps!