The topical papers on entrepreneurial education presented at the Conference on Research and Education in Entrepreneurship at Baylor University in March 1980 were analyzed and policy options were developed. A review of the conference materials concentrated on identifying the key questions to be answered when establishing entrepreneurship policy and identifying implementation priorities. The key policy questions asked were concerned with the effect of governmental policies and actions on stimulating entrepreneurship, the levels and sectors of education that should receive government emphasis, development of educational materials and approaches that address the affective rather than the cognitive, and areas of research, including development of a database, entrepreneurial educational research, and research on entrepreneurship and small business. Criteria were then determined to include or exclude specific policy options. The following policy options for university activities were suggested: providing research support; providing fellowships for doctoral and postdoctoral students; providing systematic support for professional society activities, journals, and special awards for entrepreneurial research; developing a research and education clearinghouse; increasing small business consulting; creating visiting consultancies; and providing improved continuing education. Policy options for secondary and career education included developing concepts of entrepreneurship role models, extracurricular activity, curriculum, and a national project. (YLB)