Abstarct- The critical importance of leardership in entrepreneurial venturing success raised many questions on the specific competencies that enable individuals to lead entrepreneurial activities. This qualitative study attempted to explore the capabilities of university students, as the prospective entrepreneurial projects and activities. Fourteen undergraduate student entrepreneurial leaders as defined being highly involved in leading university entrepreneurship clubs and activities were purposefully selected to be interviewed. Analysis of the data revealed three main entrepreneurial leadership competencies of the students including creating a close relationship with and among group members, employing a learning and developmental approach toward delegating the tasks to group members, and building self-efficacy of group members. Implications of the findings for research and areas for further research are discussed. Keywords-entrepreneurial leadership; university students; entrepreneurial activities; university entrepreneurship programs