Stimulation of University Technological Entrepreneurship: Experience of Portugal and Estonia

An analysis of foreign experience convincingly shows that the level of science intensity of national products is directly related to the country’s position in international rankings of the productivity of university ecosystems. With a share of 0.4% in the global number of start-ups, Russia is inferior not only to developed countries but also to the BRICS countries. As of 2020, only 37 start-ups per million population are being created in the Russian Federation, while Switzerland has 1791. At the same time, in the jurisdiction of Russia, out of the total number founded in 2010–2019 start-ups remained no more than 36%. The strategies allow universities to create successful technological innovation ecosystems in the cultural, economic, and socio-political environment, which cannot be characterized as favorable for academic entrepreneurship. The analysis of factors stimulating the development of start-up ecosystems in Estonia and Portugal, including simplified residency programs for founders of foreign start-ups; ease of registration, business and taxation system; presence in the country of representative offices of large international companies and the creation of technological hubs for them, a developed system of national incubators and accelerators, including those financed by the state; safety, low cost of housing and living and comfortable living environment.

Technological entrepreneurship: present conditions and future perspectives for Latin America

Purpose Technological entrepreneurship is distinguished from other types of initiatives by its innovative characteristics and rapid growth, as well as by the high uncertainty it faces, both in terms of investment cost and capacity for continuous adaptation. The purpose of this study is to investigate the definitions, measures and methods that have been used to investigate the phenomenon and to define the process of the “entrepreneurial journey” and the associated typologies according to the technological level. Design/methodology/approach This paper provides a systematic review of the literature on technological entrepreneurship focusing on emerging economies in Latin America. Based on the review of 62 papers, it analyses the current state and future research perspectives on the topic. Findings The authors can conclude that technological entrepreneurship in Latin America has great opportunities, especially linked to growth, but faces the threats of an uncertain and dynamic environment. Taking advantage of technologies allows the formulation of unique value propositions linked to the environment through innovation that improves the quality of life of the population. Research limitations/implications This study is a starting point for the development of research on resilient technology ventures. Latin America represents a limited location but offers insight into the developing phenomenon to measure the impacts that this phenomenon generates in society. Originality/value Considering the possibilities offered by technology and its continuous evolution, the impact that this type of entrepreneurship generates on the environment can be on a global scale. However, high growth and success are as likely as a failure and this is part of the improvement process.

Development of Academic Technological Entrepreneurship in Russia

Technology entrepreneurs play a critical role in modern models of economic growth. At the same time, the features and development trajectories of technological entrepreneurship and gazelle firms in Russia differ from countries with mature market economies. The purpose of the article is to assess the state of academic technology entrepreneurship in Russian universities and to develop recommendations for its development. The methods of two-dimensional classification of universities according to two indicators of technological entrepreneurship development, correlation analysis, assessment of intergroup differences according to the Mann-Whitney U-criterion, qualitative analysis of entrepreneurial ecosystems in universities, methods of constructing algorithms were used. As a result, it was found that the number of start-ups and the likelihood of receiving commercial funding are practically not correlated. There is a group of universities that are not among the largest metropolitan universities, but have a high proportion of entrepreneurial projects that have successfully passed the seed stage and received commercial funding (business angel, venture fund). These top performing universities are distinguished not only by their innovative infrastructure, but also by a wide variety of community centers. Taking into account the results obtained an algorithm for the development of academic technological entrepreneurship on the basis of the university as an innovation hub has been developed. Its important elements are: pre-active marketing of scientific research groundwork, development of the social capital of the ecosystem, and collaboration practices. The results may be of interest to technology entrepreneurs themselves, as well as to universities interested in the development of academic entrepreneurship.

Technological Entrepreneurship in Regional Universities of Russia: Factors of Containment and Acceleration

The role of universities in modern socio-economic systems of states is undergoing significant changes and involves the actualization of approaches to defining the functions of educational organizations. At the same time, university startups are viewed as the most dynamic elements of regional economies, capable of creating export-oriented science-intensive products and new high-tech jobs. Transformation and development of regional entrepreneurial ecosystems using as a trigger for academic entrepreneurship of universities to stimulate the powers of the subjects of the federation of the process of formation of start-ups by universities in cooperation with local or global enterprises of the real sector of the economy.The study aimed to analyze the factors that stimulate and hinder technological entrepreneurship in regional universities in Russia. A review of the approaches used in the world’s leading universities, creating successful entrepreneurial ecosystems, is carried out, the key factors that determine the productivity of such ecosystems are highlighted. It is noted that in most constituent entities of the Russian Federation, it is not possible to implement a set of basic factors that contribute to the involvement of RIA in the regional economy, including in local universities, as well as in horizontal network interaction of startups founded by graduates or employees of regional universities.The functions for the university’s management of the transformation of regional ecosystems in entrepreneurial universities and the formation of university ecosystems are proposed.

Elements of Commerce Shows Enterprise Development Innovation Efficient Auditing and the Way of the Future

Technological entrepreneurship helps create sustainable value, accelerate corporate growth and promote economic sustainability through the capitalization and commercialization of innovative new technologies. There are obstacles in conducting Business Model Innovation (BMI) as a reference form of technological entrepreneurship as a reference. This study aims to establish a business model for developing the economy with technological entrepreneurship innovation (BMIfTE). Readiness is one of the keys in carrying out a goal, because there are things that must be prepared, such as the topics discussed in papers related to previous researchers who have published the development of a BMIfTE. For this reason, the paper in this study discusses opportunities and risks, value transitions, economic development, strategies for companies, dynamic capabilities and stakeholders. The new proposal is a form of BMI reconstruction regarding the business model in function of technology to create new systems and methods to take advantage of existing business development opportunities to be able to compete and stand in the national market.

The factors influencing technological entrepreneurship in nanotechnology businesses

PurposeTechnological entrepreneurship has been a very significant topic in recent decades. It has a crucial role in economic modernization and growth. The need for technological entrepreneurship is because technology-based industries are expanding rapidly and are replacing traditional industries. Therefore, this study aimed at identifying the factors affecting the success of technological entrepreneurship in Iranian nanotechnology businesses.Design/methodology/approachThe research was conducted through mixed method. The participants in the qualitative section included 17 university experts and executive managers in the field of nanotechnology in Iran, and 75 nanotechnology business managers participated in the quantitative section. The interview and questionnaire were used to collect information. In order to measure and fit the models, the confirmatory factor analysis method and PLS3 software were used.FindingsThe results indicated that the key factors affecting the success of the technological entrepreneurship process in nanotechnology were classified into five general categories: organizational, environmental, institutional, individual and technology factors. Moreover, it was shown that all these dimensions had a positive and significant effect on technological entrepreneurship. In addition, the organizational dimension has an essential role.Originality/valueCompanies' ability to engage technological entrepreneurship is a vital factor in human resource management and strategic management. However, technological entrepreneurship in Iranian nanotechnology businesses has not been involved integrally in the context of companies.

Entomo-Industry of Hermetia Illucens

Innovation in production use of insects allows us to speak about entomo-industry, which could cause in the future a drop in the relative cost of food. On the basis of biotechnology by using the fly Hermetia illucens the article draws theoretical and applied economic conclusions. Larvae of this fly by eating organic wastes during a few days can grow in hundred times and become a feed for animals, a basis for medicine or even a nutritious supplement, while their waste can become a fertilizer (zoo-humus). From means of labour they turn into the subject of labour with selfreproduction and solution to ecological problem, which can create the added value. In traditional livestock breeding fast transformation does not take place and animal acts mainly as the subject or means of labour. Commercialization of the technology can be achieved through development of module equipment for each of 9 processes and this can make it possible to purchase it stage by stage, depending on the need and resources. Due to this fact competitive advantage for technological entrepreneurship can be provided that can take one of the following three types: in the narrow sense (developing and selling equipment), in the broad sense (manufacturing the product with own equipment) and mixed one (manufacturing and selling of the equipment and finished product, joint work of the developer and user of the equipment). The author designed a synthetic graphic business-model of entomo-technological entrepreneurship. Logical schemes of waste treatment were put forward: centralized and decentralized. It was found out that for agricultural waste the decentralized scheme is more appropriate, as it implies treatment at the place of shaping and economizing on transportation. In Russia the process of commercialization of biotechnologies with the use of Hermetia illucens started in 2015, which is proven by patent activity. However, the market develops rather slowly.