University characteristics as the success factor of academic spin-offs

The complexity of knowledge-based society is constantly adding new challenges for higher education institutions. Entrepreneurial university model is developed in such a way that it incorporates the additional role of the commercialization of knowledge and active contribution to the development of pr...

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Bibliographic Details
Published in:Zbornik Ekonomskog fakulteta u Zagrebu 2018-06, Vol.16 (1), p.113-127
Main Authors: Babić, Verica, Savović, Slađana
Format: Article
Language:English
Subjects:
academic spin-off
Colleges & universities
Cooperation
entrepreneurial learning
entrepreneurial university
Entrepreneurs
Entrepreneurship
Entrepreneurship education
Higher education
Industrialized nations
Intellectual property
Knowledge
Knowledge sharing
knowledge transfer
Spinoffs
Studies
Success
Success factors
Transition economies
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Summary:The complexity of knowledge-based society is constantly adding new challenges for higher education institutions. Entrepreneurial university model is developed in such a way that it incorporates the additional role of the commercialization of knowledge and active contribution to the development of private enterprises in the local and regional economy. The main objective of the paper is to explore the characteristics of university which support entrepreneurial activities and facilitate the generation and exploitation of knowledge and technology. The main research question is how the university can become an incentive factor for the development and success of academic spin-off ventures? The results of the research have shown that the characteristics of the social and institutional environment influence the development and success of academic spin-off ventures by developing various mechanisms that encourage innovation and entrepreneurship. In addition, the research has shown that the university, by strengthening the culture of academic entrepreneurship as well as, by establishing cooperation with industry and public institutions on all levels, encourages the development of academic spin-off ventures. In the concluding observations, we emphasized the importance of further research in the field of higher education institutions, in order to provide additional contribution to the literature focused on academic entrepreneurship, as well as to provide practical recommendations for improving the success of academic spin-offs.
ISSN:1333-8900
1845-495X
DOI:10.22598/zefzg.2018.1.113