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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.

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University Knowledge Transfer and the Role of Academic

There are several reasons for the growing interest in knowledge transfer and academic spin-offs. First, it has been noticed that science and technology have become increasingly important for economic growth. Second, many studies confirm that new and expanding entrepreneurial firms are creating a high share of net new jobs. This points to “science and technology-based entrepreneurship” as a phenomenon of high importance for industrial renewal and, again, economic growth. Third, since earlier research has established that universities and existing companies are the two main sources of new technology-based firms, it is not surprising that academic spin-off has been considered an important mechanism for the transfer and commercialisation of university research. This chapter provides some findings on how academic spin-offs are created, how frequent they are, and what impact they have on economic growth. Two examples – the United States and Sweden – are included to illustrate the mechanisms of licensing and spin-off firm creation. 

English

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