Entrepreneurship, Universities  &  Resources
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Entrepreneurship, Universities & Resources

Frontiers in European Entrepreneurship Research

Edited by Ulla Hytti, Robert Blackburn, Denise Fletcher and Friederike Welter

The role of resources is pivotal in entrepreneurship for the success of new and small ventures, though most face resource constraints. The book offers multiple perspectives on analysing and understanding the importance of resources in entrepreneurship development. Approaching the subject with both a practice-theory and research-based approach, the contributors analyse topics such as processes and structures in social entrepreneuring; entrepreneurship and equity in crowdfunding; and forming alliances with large firms to overcome resource constraints. The contributors provide evidence, for example, on how business angels can contribute more than finance to small ventures and how the flexibility of resources is important in internationalisation.
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Chapter 9: ‘Made in Liverpool’: exploring the contribution of a university–industry research partnership to innovation and entrepreneurship

Sam Horner and Benito Giordano

Abstract

The important role that universities may play in stimulating entrepreneurial activity is increasingly emphasized within academic and policy discourses. Specifically, it is recognized that interactions between academic institutions and commercial organizations may facilitate entrepreneurial activities such as licensing, spin-off formation, academic consulting and sponsored research. This chapter explores how a university–industry partnership facilitated the development of an open innovation platform. The case of Unilever and the University of Liverpool is explored to highlight the ways in which open approaches to partnership can facilitate innovation and entrepreneurial activity. It is argued that universities can contribute to innovation and entrepreneurship beyond the formal transfer of intellectual property rights. Specifically, we suggest that the co-creation of open innovation platforms may be a more effective stimulant for regional innovation and entrepreneurship than the formal transfer of IP, which has been the predominant focus in much of the extant literature regarding academic entrepreneurship.

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