Triple Helix Model and Knowledge-Based Entrepreneurship in Regional Engagement: A Case Study of Thai and UK Universities

Abstract

This paper presents a comparative study of regional engagement performed by Thai and UK universities, concerning the notion of industry 4.0 which aims at adding value to the economy using enhanced creativity and innovation. The research underlining this paper looks into the roles of regional universities engaging with their regions to deliver knowledge exchange programs to make impacts on regional development. The notion of knowledge-based entrepreneurship underpins its investigation. The investigation is concerning the essence of new knowledge recognized as the key elements of creativity and innovation, which are acknowledged to be a principal means by which regions foster economic growth and competitiveness. For small firms, such as community enterprises and local SMEs, new knowledge can be obtained when the firm actively taps into knowledge sources, such as universities and entrepreneurial networks. Firms able to employ this strategy are known as knowledge-based entrepreneurs. This study will present how the knowledge-based entrepreneurship in these regional enterprises is promoted through engagement with the universities in their regions. Comparisons and discussions given the different contexts of the developing system of Thailand and the developed system of the UK will also be provided.