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The fields of science, technology, engineering, and mathematics (STEM) are constantly evolving and advancing, and an entrepreneurial mindset is essential for success in these fields. The term “entrepreneurial mindset” refers to attitudes and behaviors that promote creativity, problem-solving, and an openness to take risks and explore new ideas. These attitudes and behaviors are important for fostering innovation and entrepreneurship, particularly in STEM fields. This paper will begin by defining an Entrepreneurial Mindset (EM) based on emerging literature on the topic and focus on highlighting the key characteristics and skills associated with this concept. Then, this paper introduces a new scale, called Comprehensive Entrepreneurial Mindset Scale (CEMS), to assess students’ EM development and the preliminary results for its statistical reliability. Through an empirical study utilizing student surveys, this paper also suggests how the CEMS can be used to follow students’ development EM throughout their academic life and how this relates to academic performance and student engagement in school. The paper concludes by discussing the findings' implications and suggests future research directions.