Academic entrepreneurship - focus on venture creation

What is it about?

Addressing means for transforming academic research to society through start-up activity, in comparison to consultancy or transaction of intellectual property. Start-up activity has been the least common mechanism of academic entrepreneurship, but the paper shows that integrating students and other members of a university innovation system can increase the potential of this mechanism and also reduce the strain on the individual academic.

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Why is it important?

Most academic entrepreneurship empahsizes transactional mechanisms for disseminating research to society. This paper takes an in depth look at the potential of using venture creation activities within a university innovation system/entrepreneurial ecosystem to transform research-based ideas into innovations and/or new firms. The paper emphasizes the value of involving students in the process of venture creation.