Impact of Institutional Framework for Academic Entrepreneurship and Innovation

Abstract

Academic entrepreneurship has undergone significant transformation in recent years. It pertains to the initiatives undertaken by universities to facilitate the commercialization of intellectual property within the university premises and the surrounding regions. There is one significant outcome resulting from this paper. That universities/academic institutions have adopted a more deliberate and calculated approach in their execution of this activity, displaying a heightened level of strategic thinking. The paper contended that it is opportune to reconsider the concept of academic entrepreneurship. In order to enhance the rigor and relevance of future studies on the topic of academic entrepreneurship, it is imperative for theoretical and empirical research to acknowledge and consider these changes. This paper presented how academic institutions impact essential research inquiries that must be explored in order to expand our comprehension of academic entrepreneurship and innovation.