Academic Entrepreneurship: Commercialization of University Research and Entrepreneurship Education at an Entrepreneurial University

Author(s):  
Zong-Tae Bae
Author(s):  
Fang Zhao

The aim of this paper is to explore issues associated with the commercialization of university research through an empirical study of the development of research commercialization in Australian public-funded universities. Extensive interviews were conducted with academic entrepreneurs and commercialization managers from 19 universities in Australia (hence more than 50% of Australian public universities were involved in the study). The paper identified and discussed the key issues raised in the study and proposed a series of recommendations to enhance the overall performance of university research commercialization.


2020 ◽  
Vol 39 (5) ◽  
pp. 753-775 ◽  
Author(s):  
Maribel Guerrero ◽  
David Urbano ◽  
Eduardo Gajón

PurposeThis paper provides insights about how graduates' career patterns (i.e. academic entrepreneur, self-employed or paid employed) are influenced by entrepreneurial university ecosystems (i.e. incubators and entrepreneurship education programs).Design/methodology/approachBy adopting Douglas and Shepherd's utility-maximising function, the influence of one entrepreneurial university ecosystem on graduates' career choices was tested using a sample of 11,512 graduates from the Monterrey Institute of Technology and Higher Education (ITESM) in Mexico.FindingsOur results show the critical role of entrepreneurial universities ecosystems in facilitating employability options as academic entrepreneurship for ITESM's graduates. The study shows some insights about how graduates' risk aversion and work effort are positively influenced by the university business incubator and entrepreneurship education programs, respectively.Practical implicationsDiverse implications for stakeholders have emerged from our results. These implications are associated with potential benefits of implementing programmes oriented to engage academic entrepreneurship within Latin American universities.Originality/valueEntrepreneurial universities provide a range of employability alternatives for their students, such as to be self-employed, academic entrepreneurs or paid employees. In this scenario, entrepreneurial universities have configured entrepreneurial ecosystems (educational programmes, business incubators and other infrastructures) to support potential entrepreneurs (students, academics, staff and alumni). Despite the relevance of the environmental conditions on individuals' occupational choices, few studies have explored the role of the entrepreneurial university ecosystems on graduates' employability. In this vein, our study contributes to some academic discussions: (1) the role of context on career choice models (Ilouga et al., 2014; Sieger and Monsen, 2015), (2) the role of incubators and entrepreneurship education on fostering academic entrepreneurship on the graduates' community (Nabi et al., 2017; Good et al., 2019; Guerrero and Urbano, 2019a) and (3) the effectiveness of the entrepreneurial university ecosystems on graduates' employability (Herrera et al., 2018; Wright et al., 2017).


2008 ◽  
Vol 22 (1) ◽  
pp. 49-59 ◽  
Author(s):  
Pauric McGowan ◽  
Peter van der Sijde ◽  
David Kirby

It is becoming increasing clear that a new industry – the entrepreneurship industry – is in the ascendant and that universities are a part of this development. Furthermore, the idea of the entrepreneurial university has only recently entered the debate. Promoting the entrepreneurship agenda within constituencies where it is not traditionally acknowledged is a peculiar challenge that requires the adoption and adaptation of traditional selling approaches (‘valorisation mechanisms’), mindful that the product on offer (‘entrepreneurship’) is a service. Via three case studies, the role of universities in this new industry and the role of academic entrepreneurship are highlighted.


2011 ◽  
Vol 25 (3) ◽  
pp. 161-172
Author(s):  
W. Ker Ferguson

This empirical study investigates the hypothesized relationship between US federally funded university research and development (R&D) and its resulting economic impact, as measured by the level of licensing revenue generated by US universities. The author also examines the key operating statistics of the top-ten licensing income-producing technology transfer offices in the USA to determine what may differentiate them from their counterparts in other institutions and whether there are identifiable traits within the data that could be incorporated into a best practice model for the rest of the industry. It is found that there is a small but statistically significant correlation between R&D spending and economic impact. However, university licence income is found to be more a function of the system-wide volume of R&D funding than individual technology transfer office behaviour.


2003 ◽  
Vol 17 (5) ◽  
pp. 325-335 ◽  
Author(s):  
Henry Etzkowitz

The European entrepreneurial university is based on the teaching mission of the university, whereas US academic entrepreneurship is typically an extension of the research mission. Recognizing that the European professoriate has traditionally been more removed from entrepreneurship than its US counterpart, some European universities have organized programmes to train students to develop start-up firms. Nevertheless, given similar goals of encouraging science-based regional development, and increasing the returns to the university from its research and other activities, it can be expected that European and US universities will adopt each other's entrepreneurial formats in coming years.


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