Academic entrepreneurship and economic competitiveness: rethinking the role of the entrepreneur

Wright, Mike; Mosey, Simon; Noke, Hannah

doi:10.1080/10438599.2012.656528

Cited by 24 publications

(21 citation statements)

References 40 publications

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“…Because many aspects of the competencies are connected to individuals and are therefore difficult to address by short-term policy initiatives by universities, a longer term perspective appears necessary to facilitate the networks of nascent entrepreneurs. The implication is that this would mark a notable departure from much of current university support for science PhDs, post-docs and faculty which, where it exists, focuses on developing academic capabilities (Wright et al, 2012). Within universities, this might involve the development of greater links between science departments, TTOs and business schools (Wright et al, 2009).…”

Section: Managerial and Policy Implicationsmentioning

confidence: 99%

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The transformation of network ties to develop entrepreneurial competencies for university spin-offs

Rasmussen

Mosey

Wright³

2015

Entrepreneurship & Regional Development

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115

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Social networks are integral to the emergence and development of new ventures but the temporal utility of networks is poorly understood. We consider the initial development of four university spin-offs and examine the formation and development of network ties to construct valuable entrepreneurial competencies. We develop a conceptual framework that explains how strong and weak network ties are strategically transformed in terms of strength and purpose depending on the type of competency sought and the business development need. We conclude that theoretical explanations of the new venture formation process need to incorporate not only network formation but also the role of network tie transformations.

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Section: Managerial and Policy Implicationsmentioning

confidence: 99%

“…However, an important implication of our findings concerns where the individuals to fulfil these roles are to come from. We know that while many post-docs may be interested in becoming entrepreneurs, they are much more likely to go to work for corporations (Wright et al, 2012).…”

Section: Managerial and Policy Implicationsmentioning

confidence: 99%

The transformation of network ties to develop entrepreneurial competencies for university spin-offs

Rasmussen

Mosey

Wright³

2015

Entrepreneurship & Regional Development

Self Cite

115

View full text Add to dashboard Cite

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“…On the other hand, the relative novelty of RM research and commercialization activity (see Table 1 for the relatively low number of RM patents compared to the overall portfolio of the TTOs) reinforces that these ecosystems are still relatively early-stage. We also extend research linking entrepreneurial cognition and sensemaking to ecosystem development (Wright et al, 2012b). Our findings highlight individual-level coping responses to institutional culture and high levels of uncertainty.…”

Section: The Development Paths Of Entrepreneurial Ecosystemsmentioning

confidence: 80%

“…The development of a RM ecosystem ultimately depends heavily on the actions of individual entrepreneurs (Feldman, 2014;Wright et al, 2012b). The decision to become an inventing entrepreneur in the RM field may be controversial, difficult and uncertain (George and Bock, 2008).…”

Section: Regenerative Medicine Ecosystems: Venturing Under Irreduciblmentioning

confidence: 99%

Regenerative Medicine Translation:Cross-national analysis of entrepreneurial ecosystem development

Johnson

Bock

2015

AMPROC

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In the field of regenerative medicine, new ventures face unformed markets and inconsistent industry practices. We study two university-centric regenerative medicine ecosystems to explore the characteristics of venturing activity and ecosystem development under irreducible uncertainty. The situational analysis reveals multi-level effects. At the micro-level, entrepreneurial coping strategies are significantly affected by cultural artifacts generated by the ecosystem university. At the macro-level, entrepreneurial ecosystems may develop along different paths, generating idiosyncratic contexts for venturing activity. A model of entrepreneurial ecosystem development is presented, with implications for theories of entrepreneurial behavior as well as policy practice in developing technology sectors.

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“…Entrepreneurial academics address the 'third mission' of academic engagement: the transfer of knowledge to industry. Broadly, this involves two key areas of entrepreneurial activity (Wright et al, 2012;Perkmann et al, 2013). The first is 'commercialisation' which is beyond the scope of this paper.…”

Section: Figure 1: Stages Of Entrepreneurial Processmentioning

confidence: 99%

Bridging the gap: the challenges of employing entrepreneurial processes within university settings

Wardale

Lord

2016

Higher Education Research & Development

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In Australia and elsewhere, universities face increasing pressure to improve research output and quality, particularly through partnerships with industry. This raises interesting challenges for academic staff with considerable industry experience that are 'new' to academe. Some of these challenges were faced by the authors who have been successful in generating research, consultancy and executive education funds since joining academe and been somewhat surprised at being described as successful researchers and entrepreneurs. Taking a reflexive look to identify and make explicit our practice through the lenses of social capital and the entrepreneurial process, we identified ten practices. However, we remain troubled by the dissonance between organisational rhetoric and its rewards for entrepreneurial activities. We offer some considerations for universities to help bridge this gap.

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Academic entrepreneurship and economic competitiveness: rethinking the role of the entrepreneur

Cited by 24 publications

References 40 publications

The transformation of network ties to develop entrepreneurial competencies for university spin-offs

The transformation of network ties to develop entrepreneurial competencies for university spin-offs

Regenerative Medicine Translation:Cross-national analysis of entrepreneurial ecosystem development

Bridging the gap: the challenges of employing entrepreneurial processes within university settings

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