How to create entrepreneurial universities and medical schools
Big challenges require big solutions and few institutions are better suited to create them than global research universities. Unfortunately, there are few truly entrepreneurial universities. Yes, most have technology transfer offices. Yes, most have a mission of research, service, education, and patient care. Yes, most see themselves as innovative. But, when it comes to reaching beyond and creating impact in society, few hit the mark.
As my coauthor and I noted in a previous article, academic entrepreneurship refers to the variety of ways in which academics go beyond the production of potentially useful knowledge. They undertake a range of initiatives to facilitate the commercialization of that knowledge or become participants in designing new marketable products and assume a leadership role in ensuring successful commercialization of these products. Academic entrepreneurship is different from both entrepreneurship education and entrepreneurship training. Entrepreneurship education is usually defined in broad terms as the building of knowledge and skills ‘about’ or ‘for the purpose of’ entrepreneurship, as part of recognized education programs at primary, secondary or tertiary-level educational institutions; entrepreneurship training is interpreted as the building of knowledge and skills in preparation for starting a business.
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