A framework for the university performance assessment: some insights on innovation, technology and entrepreneurship

Abstract

The importance of developing a good entrepreneurship and innovation environment in universities is highlighted by the fact that education is a critical factor in economic growth. This research examines the main factors that contribute to the development of an innovation ecosystem in universities, measures university performance in terms of innovation, technology and entrepreneurship and identifies the strength and areas of improvement of university system about these issues. More specifically, this study compared and analysed several parameters, such as scientific and technological research capability, intellectual property records, collaboration and communication, entrepreneurship and innovation culture, economic influence and commercialisation, to identify the essential factor for promoting entrepreneurship and innovation educational techniques in universities by using fuzzy multi-criteria decision-making method. The findings reveal that the "number of university-industry partnership projects" has relatively higher weightage than other parameters, suggesting the importance of industry collaboration in the development of universities innovation, technology and entrepreneurship ecosystems.