Handbook of Universities and Regional Development
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Handbook of Universities and Regional Development

Edited by Attila Varga and Katalin Erdős

The Handbook on Universities and Regional Development offers a comprehensive and up-to-date insight into how academic institutions spur their surroundings. The volume sheds light on universities as regional development actors from a historical perspective by introducing institutional changes and discussing the interrelatedness of society, business and academia. It provides detailed investigations on various knowledge transfer mechanisms to help understand the diverse ways through which ideas and intellectual property can flow between universities and businesses. Detailed case studies from three continents (Europe, Asia, and America) demonstrate the highly contextual nature of the interactions between academia, industry and government.
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Chapter 3: The second academic revolution: antecedents and consequences of academic entrepreneurship

Henry Etzkowitz

Abstract

The first and second academic revolutions gradually transformed universities into organizations that are responsible not only for teaching, but also for conducting research and contributing to regional development through multiple ways. The chapter provides a comprehensive discussion of the entrepreneurial turn at universities. In this vein it introduces the impetuses behind academic entrepreneurship, and also discusses the related potential drawbacks of it that caused concerns among many stakeholders. The role of polyvalent knowledge in the academic entrepreneurial processes is also introduced. Examples of prominent scientists’ and universities’ involvement in technology transfer process, the demonstration of the role of government in the rediscovery of university-industry connections, respectively the discussion of the entrepreneurial model that took hold in academia all support better understanding of the rise of entrepreneurial processes in universities.

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