( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 160    Submit Your Rating     Cite This   Download        Certificate

CHALLENGES AND OPPORTUNITIES IN ACADEMIC ENTREPRENEURSHIP – A THEORETICAL PERSPECTIVE

    2 Author(s):  DR. JUNO JASMINE. J, DR. VIJAYAKRISHNA RAPAKA. E

Vol -  9, Issue- 3 ,         Page(s) : 18 - 27  (2018 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Barth and Schlegelmilch (2013), explain that, in scientific theory, the term academic entrepreneurship is defined and developed in different ways. From the traditional perspective academic entrepreneurship means an “university spin-off” or an institutional transfer of research, development, or technology to start innovations or ventures. The purpose of this paper is to review and synthesize the literature on the various challenges and opportunities in Academic Entrepreneurship. Although education and research have traditionally been the university‘s main missions, this has gradually changed with the emergence of new perspectives on the role of the university in the system of intellectual property generation, production, sharing and distribution (Nyeko & Sing, 2015). Silva (2012) argues that 3rd university mission involving academic entrepreneurship, opens the possibility for many higher education institutions to get a broader source of funding from non-governmental or public organizations. The adaption and adoption of ―entrepreneurial flair into the university appears to create discontent among academics to whom the concept of entrepreneurship implies the creation of a new venture and income generation. This paper highlights the features of academic entrepreneur and academic entrepreneurship while the center of focus being the challenges and opportunities faced in academic entrepreneurship.

  1. B. J. Cargill, The entrepreneurial university – is it all about the money or does being entrepreneurial  mean something different for a university? Annual Conference of the British Academy of Management, Belfast, 12-14 September, 2006.
  2. Barth T.D., Schlegelmilch W. (2013) Academic Entrepreneur, Academic Entrepreneurship. In: Carayannis E.G. (eds) Encyclopedia of Creativity, Invention, Innovation and Entrepreneurship. Springer, New York, NY
  3. Beckman GD, Cherwitz RA. Intellectual entrepreneurship: an authentic foundation for higher education reform. Plan High Educ. 2009; 4(July–September):27–36.
  4. C. A. Bartlett and S. Ghoshal, ?Tap your subsidiaries for global reach, Harvard Business Review, vol. 6, no. 46, pp. 87-94, 1986.
  5. C. Monck and N. Segal, ?University science parks and small firms, presented at the National Small Business Conference, Durham University, 1983.   
  6. Campbell DFJ, Güttel WH. Knowledge production of firms: research networks and the scientification of business R&D. Int J Technol Manage. 2005;31(1/2):152–75.
  7. D. D. Gregorio and S. Shane, ?Why do some universities generate more start-ups than others? Research Policy, vol. 32, no. 2, pp. 209-227, 2003
  8. Etzkowitz H, Leydesdorff L. The dynamics of innovation: from national systems and “Mode 2” to a triple helix of university-industry-government relations. Res Policy. 2000; 29:109–23.
  9. G. D. Markman, P. H. Phan, D. B. Balkin, and P. T. Gianiodis, ?Entrepreneurship and university-based technology transfer, Journal of Business Venturing, vol. 20, no. 2, pp. 241-263, 2005.  
  10. Gibbons M, Limoges C, Nowotny H, Schwartzman S, Scott P, Trow M. The new production of knowledge. The dynamics of science and research in contemporary societies. London: Sage; 1994.
  11. H. Etzkowitz, ?Research groups as 'quasi-firms': the invention of the entrepreneurial university, Research Policy, vol. 32, no. 1, pp. 109-121, 2003.

  13. I. A. M. Wakkee, A. J. Groen, and W. E. During, ?Global start-ups: definition and identification, a paper presented at the ninth HTSF conference, May 2001, Manchester UK., 2001
  14. J. B. Powers and P. P. McDougall, ?University start-up formation and technology licensing with firms that go public: a resource-based view of academic entrepreneurship,? vol. 20, pp. 291-311, 2005.
  15. K. K. Jain and M. Yusof, ?Leadership challenges in developing an entrepreneurial university, Indian Journal of Training and Development, vol. 31, no. 4, pp. 19-26, 2007
  16. L. R. D. Silva, ?Academic entrepreneurship in a resource constrained environment, PhD dissertation. The University of Manchester, 2012.
  17. Lacetera N. Academic entrepreneurship. Manage Decis Econ. 2009;30: 443–64.
  18. M. Gulbrandsen and S. Slipersæter, ?The third mission and the entrepreneurial university model, in Universities and Strategic Knowledge Creation: Specialization and Performance in Europe, A. Bonaccorsi and C. Daraio eds., Cheltenham: Edward Elgar, 2007, pp. 112-143.
  19. M. Wright, S. Birley and S. Mosey, ?Entrepreneurship and university technology transfer, Journal of Technology Transfer, vol. 29, pp. 235-246, 2004.
  20. M. C. Brennan and P. McGowan, ?Academic entrepreneurship: an exploratory case study, International Journal of Entrepreneurial Behavior and Research, vol. 12, no. 3, pp. 44-64, 2006.
  21. M. Henrekson and N. Rosenberg, ?Designing efficient institutions for science-based entrepreneurship: lessons from the US and Sweden, Journal of Technology Transfer, vol. 26, pp. 207–231, 2001.
  22. M. Yusof and D. W. Sapuan, ?Challenges in fostering academic entrepreneurship in the context of science and technology development in Malaysia, Journal of Science and Technology Studies, vol. 6, pp. 49-66, 2008.

  24. N. H. Ahmad, H. A. Halim, T. Ramayah, and S. A. Rahman, ?Revealing an open secret: Internal challenges in creating an entrepreneurial university from the lens of the academics, International Journal of Conceptions on Management and Social Sciences, vol. 1, no. 1, pp. 2357-2787, 2013.

  26. P. Harveston, ?Synoptic versus incremental internationalization: An examination of born global and gradual globalizing firms, PhD dissertation, The University of Memphis, 2000.
  27. P. McDougall and B. M. Oviatt, ?New venture internationalization, strategic change, and performance: a follow-up study, Journal of Business Venturing, vol. 11, no. 1, pp. 23-40, 1996.
  28. R. J. W. Tijssen, ?Universities and industrially relevant science: toward measurement models and indicators of entrepreneurial orientation, Research Policy, vol. 35, no. 10, pp. 1569-1585, 2006
  29. S. J. Kobrin, ?Is there a relationship between a geocentric mind-set and multinational strategy? Journal of International Business Studies, vol. 25, no. 3, pp. 493-511, 1994.
  30. Shane S. Academic entrepreneurship: university spinoffs and wealth creation. New horizons in academic entrepreneurship. Northampton: Edward Elgar; 2004.
  31. S. Shane and S. Venkataraman, ?The promise of entrepreneurship as a field of research, The Academy of Management Review, vol. 25, no. 1, pp. 217-26, 2000.
  32.  Zhang J. A study of academic entrepreneurs using venture capital data, discussion paper no. 2992, Aug 2007. Institute for the Study of Labor (IZA): Bonn, 2007, pp 1–43.

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details