Abstract
Technology entrepreneurship involves the creation of a new business whose products and services are based on the application of scientific or technological knowledge. Technology entrepreneurship may play an important role for economic development in the context of increasing globalization. Little research attention has been devoted to the antecedents of the feasibility of technology entrepreneurship. The objective of this study is to identify university determinants of the feasibility of technology entrepreneurship among students enrolled in majors in the fields of science, technology, engineering and mathematics (STEM) in Bulgarian universities. The study uses a sample of 879 university students in STEM majors and applies a binary logistic regression to identify university factors related to the high feasibility of technology entrepreneurship. The results of the present study indicate that university support for entrepreneurship, industry ties and research excellence are related to the feasibility of technology entrepreneurship among Bulgarian STEM students. The empirical findings can help to devise policies and measures for enhancing the feasibility of technology entrepreneurship among STEM students.
Highlights
Technology entrepreneurship has attracted significant attention by academics and policy makers in the context of increasing globalization
Based on a sample of 879 STEM students, the current study examines the role of university factors in forming STEM students’ feasibility of technology entrepreneurship
The odds of a high feasibility is positively associated with concept development support and industry ties and negatively associated with university research excellence
Summary
Technology entrepreneurship has attracted significant attention by academics and policy makers in the context of increasing globalization. It was acknowledged that technology entrepreneurship may have an important contribution to increasing economic growth, value creation and wealth (Bailetti, 2012). The research objective of this study is to identify university determinants of the feasibility of technology entrepreneurship among students enrolled in STEM majors in Bulgarian universities. Despite the adoption of various policies and measures to stimulate entrepreneurship, early-stage entrepreneurial activity in Bulgaria is below the EU average (European Commission, 2019, 2018b, 2017, 2016). The early-stage entrepreneurial activity in Bulgaria is characterized by low expectations for job creation, low innovativeness and low internationalization. The empirical findings of this study can contribute to enhancing the feasibility of technology entrepreneurship among STEM students which can influence positively their entrepreneurial intentions and behavior. The final section provides conclusions, implications for policy makers and educators as well as directions for future research on this topic
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