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.
Seven success factors were derived from an in-depth analysis of six leading, and very different, university-based entrepreneurship ecosystems in North America, Latin America, Europe, and Asia. These seven success factors are: (1) senior leadership vision, engagement and sponsorship; (2) strong programmatic and faculty leadership; (3) sustained commitment over a long period of time; (4) commitment of substantial financial resources; (5) commitment to continuing innovation in curriculum and programs; (6) an appropriate organizational infrastructure; and (7) commitment to building the extended enterprise and achieving critical mass. Based on these success factors, the authors provide a series of recommendations for the development of a comprehensive university-based entrepreneurship ecosystem.
This major assessment of how best to drive university-based entrepreneurship ecosystems is essential reading for anyone involved in higher education (particularly provosts, deans, and professors), government agencies concerned with socio-economic development, and all those concerned with helping entrepreneurship ecosystems to flourish.
Edited by Michael L. Fetters, Walter Carpenter Distinguished Professor, Babson College, Patricia G. Greene, formerly Paul T. Babson Chair in Entrepreneurial Studies, Babson College, Mark P. Rice, Worcester Polytechnic Institute and John Sibley Butler, J. Marion West Chair for Constructive Capitalism and the Herb Kelleher Chair for Entrepreneurship, The University of Texas at Austin, US
Contents: 1. University-based Entrepreneurship Ecosystems: Framing the Discussion Patricia G. Greene, Mark P. Rice and Michael L. Fetters PART I: ENTREPRENEURSHIP ECOSYSTEMS: OPPORTUNITY-DRIVEN BUSINESS DEVELOPMENT 2. Babson College Michael L. Fetters, Patricia G. Greene and Mark P. Rice 3. EM Lyon Business School Alain Fayolle and Janice Byrne 4. University of Southern California Kathleen Allen and Mark Lieberman PART II: ENTREPRENEURSHIP ECOSYSTEMS: TECHNOLOGY TRANSFER AND COMMERCIALIZATION 5. The University of Texas at Austin John Sibley Butler 6. Tecnologico de Monterrey Jose Manuel Aguirre Guillen, Arturo Torres Garcia and Karla Giordano 7. National University of Singapore Yuen-Ping Ho, Annette Singh and Poh-Kam Wong 8. University-based Entrepreneurship Ecosystems: Key Success Factors and Recommendations Mark P. Rice, Michael L. Fetters and Patricia G. Greene Index