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 8: University-based Entrepreneurship Ecosystems: Key Success Factors and Recommendations

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

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


Mark P. Rice, Michael L. Fetters and Patricia G. Greene Three overarching findings emerged from our analysis of the long histories of the six university-based entrepreneurship ecosystems (U-BEEs) in this book: ● ● ● Finding 1. There are alternative pathways to the development of a comprehensive, highly evolved university-based entrepreneurship ecosystem. Finding 2. Although the relative strengths of the elements of their U-BEES may vary, all cases share common elements. Finding 3. The six case studies reveal success factors for the development of a comprehensive U-BEE that will be illuminating for universities that wish to pursue development of their own ecosystems. Throughout the discussion of these findings, we highlight key passages from the previous six chapters. PATHWAYS FOR DEVELOPMENT OF UNIVERSITYBASED ENTREPRENEURSHIP ECOSYSTEMS Where the development of U-BEEs leads is clear: to an extraordinarily resource-rich, comprehensive and dynamic context for delivering entrepreneurship education and for supporting the start-up and development of new ventures. However the development pathways for each of the U-BEEs showcased in this book varied. As stated by Kathleen Allen and Mark Lieberman of the University of Southern California (USC): There is no one best way to create an entrepreneurship ecosystem. In our experience, it is a multi-stage process where the stages are not clearly defined as the 177 178 The development of university-based entrepreneurship ecosystems university moves through them. Each stage develops relationships and capabilities that enable the ecosystem to evolve to the next level. At Babson the starting point was a single for-credit course, followed relatively quickly by three...

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