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Higher education in Indonesia has started to elaborate the rapid transition that has led to concerns as to whether or not the skills and knowledge of the increased supply of graduates are being fully utilized in employment. In Indonesia, the government plays an important role in the funding, regulation, monitoring and delivery of higher education. In recent times, there has been an increased supply of graduates from these programmes, but there appears to be a gap between graduates theoretical knowledge and “work-readiness” qualifications. Quality and accreditation are the heart of much debate for academic institution. As a result, an exciting but rather complex, picture of higher education in Indonesia is changing. It is therefore important that educators are au fait with the impact of this gap between theory and practice and develop strategies to build a bridge between these two areas. This paper discusses an attempt to close this gap in the form of a team-based assignment project, called “Socio-Eco-Preneurship” project, that was undertaken by the author and her students at Master in Management Program, Faculty of Economics and Business, Telkom University, a higher education institution under PT. TELKOM Education Foundation or Yayasan Pendidikan Telkom (YPT). The new curriculum for graduate students launched at the start of the academic year 2019/2020 and “Socio-Eco-Preneurship” project was part of the new curriculum implementation during this transition period.