The Development of University-Based Entrepreneurship Ecosystems

The Development of University-Based Entrepreneurship Ecosystems

Global Practices

Edited by Michael L. Fetters, Patricia G. Greene, Mark P. Rice and John S.ibley Butler

Entrepreneurship and innovation are increasingly viewed as key contributors to global economic and social development. University-based entrepreneurship ecosystems (U-BEEs) provide a supportive context in which entrepreneurship and innovation can thrive. In that vein, this book provides critical insight based on cutting-edge analyses of how to frame, design, launch, and sustain efforts in the area of entrepreneurship.

Chapter 1: University-based Entrepreneurship Ecosystems: Framing the Discussion

Patricia G. Greene, Mark P. Rice and Michael L. Fetters

Subjects: business and management, entrepreneurship, management and universities, education, management and universities


Patricia G. Greene, Mark P. Rice and Michael L. Fetters INTRODUCTION Economic failures and social distress drive an intensified interest in entrepreneurial activities around the world as entrepreneurship is increasingly looked at as one of the answers to the world’s woes. Academic institutions vary greatly in their responses to the demand for entrepreneurship education. This book builds on the premise that the most impactful approaches to entrepreneurship are those that go beyond the start of a small business to include both an entrepreneurial mindset and a skill set for entrepreneurs, resource providers, suppliers, customers and policy makers. The desired end result from this broad collection of stakeholders is to create an environment, an entrepreneurship ecosystem, in which there can be an increase in entrepreneurial spirit, skills and support systems that together result in an increase in economic and social benefits. Many academic institutions are looking for guidance on how to frame, design, launch and sustain their efforts in the area of entrepreneurship. This book provides pathways to the development of university-based entrepreneurship ecosystems (U-BEEs), recognizing the wide range of missions, contexts and resource sets available to different schools in different places. With an appreciation for this range, we affirm that there are many approaches that might work. Our chosen task was to present an overview of quite different schools and their entrepreneurship ecosystems, along with a description of the components of each ecosystem and their development processes and the identification of their success factors. The institutions whose programs had been...

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