Abstract
Entrepreneurship is recognized as an engine for the economy. However, Latin America must promote higher opportunities for the creation of new businesses, especially for technology-based ventures. In this sense, the Center for Global Innovation and Entrepreneurship (CGIE) of the University of Texas at Austin offers a Master of Science in Technology Commercialization (MCCT) that prepares students with methodologies to promote the creation of new businesses in Mexico. This study aims to know the contribution of training to the creation of new companies, and its role in the innovation and the technology transfer processes, from the viewpoint of the participants. This research presents a case study that analyzes the impact of the MCCT through the analysis of the data of a survey answered by 109 former students of this center. Findings show that the methodologies developed by the MCCT allow the creation of technology-based enterprises and entrepreneurial skills in students. This study presents good practices that can be emulated by other countries in the region, as well as recognizing the great value the role of higher education in creating synergies between actors of the innovation ecosystem that strengthen social and economic growth.
Highlights
In the new knowledge economy, innovation plays a fundamental role in the socio–economic development of regions [1]
The interaction of diverse actors of the innovation ecosystem is necessary; elements such as access to information, training of human capital through universities and research centers, access to funds, and business opportunities related to the market, customers, and suppliers affect the creation of new ventures [5]
The present research follows a qualitative case study methodology [44] that seeks to describe the impact of the Master of Science in Technology Commercialization (MCCT) taught by the Center for Global Innovation and Entrepreneurship (CGIE) in Mexico on the development of entrepreneurship, innovation, and technology transfer by the former students of the program
Summary
In the new knowledge economy, innovation plays a fundamental role in the socio–economic development of regions [1]. A sufficient mixture of specific conditions of the entrepreneur, a favorable business climate, and the needed infrastructure is required, as are legal and political conditions that encourage people to create new businesses, especially in the case of Latin America, where this performance has been weak [4]. To achieve this growth, the interaction of diverse actors of the innovation ecosystem is necessary; elements such as access to information, training of human capital through universities and research centers, access to funds, and business opportunities related to the market, customers, and suppliers affect the creation of new ventures [5]. Institutions such as universities include educational programs for entrepreneurship to develop creative and innovative talent, which provides opportunities to generate knowledge and networks [6]
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