The presentation discusses the potential of virtual worlds (VWs) for enhancing knowledge creation and entrepreneurship, citing trends in virtual goods sales and the rise of 'avapreneurs.' It emphasizes co-creation, user innovation, and the interdisciplinary nature of the project, which includes nine partners across various fields and countries. The project aims to study and promote best practices in using VWs to improve competitiveness for entrepreneurs and SMEs from March 2010 to February 2012.