For Academic Theatre we have a term and definition in Entertainment Industry.

Theatre connected with school and having educational, rather than commercial, goals. The physical plant may be anything from a classroom or outdoor platform to a full-size proscenium arch theatre. The actors are usually drawn from theatre classes, although there may be guest performances from community members or by a professional artist-in-residence. The works produced may be well-known standards of the commercial theatre or student-written works-in-progress.
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