Entrepreneurship and Higher Education

image of Entrepreneurship and Higher Education
Stimulating innovative and growth-oriented entrepreneurship is a key economic and societal challenge to which universities and colleges have much to contribute. This book examines the role that higher education institutions are currently playing through teaching entrepreneurship and transferring knowledge and innovation to enterprises and discusses how they should develop this role in the future. The key issues, approaches and trends are analysed and compared across a range of countries, from the experiences of the most entrepreneurial universities in North America to advanced European models and emerging practices in Central and Eastern Europe.

It is clear that entrepreneurship engagement is a rapidly expanding and evolving aspect of higher education that requires proper support and development. The book stresses the need to expand existing entrepreneurship efforts and introduce more creative and effective approaches, building on the best practices highlighted from around the world. It will provide inspiration for those in higher education seeking to expand and improve their entrepreneurship teaching and knowledge-transfer activities, and for policy makers who wish to provide appropriate support initiatives and frameworks.



Executive Summary

Higher education institutions (HEIs) support enterprise creation through their three key missions of research, teaching, and interaction with the wider community. Despite the traditional “ivory tower” image of higher education, many universities and colleges have long collaborated with business – a form of interaction that has lately acquired greater urgency. Increased national and international competition among HEIs for students and researchers, limits to the capacity of public funding to meet HEI development needs, and a changing, more innovation-driven economy have had a profound impact on higher education and its role in supporting entrepreneurship and entrepreneurs. The HEIs’ engagement in entrepreneurship is both a new, potentially lucrative revenue stream and a new tool for them to compete for other resources. A growing number of institutions are providing entrepreneurship education and creating structures for sharing knowledge with industry – and the success of that trend will determine the ability of the public sector, businesses and HEIs to meet their complementary objectives.


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