Technology-Based Entrepreneurship Education: Meeting Educational and Business Objectives

Abstract

<jats:p> The UK government's ‘Third Mission’ for Higher Education (2000) encourages universities to teach entrepreneurship to ‘STEM’ students (those studying science, technology, engineering and mathematics), in part to support the technology transfer agenda. Technology-based entrepreneurship education (TEE) incorporates the key elements of entrepreneurship education (EE), concentrating on the creation of economic value from technological change. In this paper, the key challenges associated with EE and TEE are outlined, and the authors propose that the way to meet these challenges is through a systematic process that takes a technology from an initial idea in the laboratory to full commercialization as a high-growth firm. The ‘Technology Entrepreneurship and Commercialization Algorithm’ developed at North Carolina State University (NCSU) offers such a framework for multidisciplinary teams. The paper describes why and how the Algorithm was adapted for use at Loughborough University (LU). The focus is on the educational and business objectives of the programme and the extent to which those objectives have been achieved. The paper thus makes a contribution to the TEE literature by spelling out specific challenges, discussing a potential solution to these challenges and thereby adding to our understanding of the linkages between education, innovation and entrepreneurship. </jats:p>

Personalizing Entrepreneurial Learning: A Pedagogy for Facilitating the Know Why

“…Barr et al (2009);Boocock, Frank, and Warren (2009);Janssen and Bacq (2010)) have similarly pointed to the need to incorporate into the learning, the personal reasoning individuals need to make the choices and decisions vital to their own entrepreneurial development and situation (Krueger 2009(Krueger , 2007. The application and use of contextual and experiential information (e.g.…”

Science-based entrepreneurship education as a means for university-industry technology transfer

“…Some studies, such as Boocock et al (2009) mention the role of technology based entrepreneurship education, facilitating university-industry technology transfer as well. They research its role from the perspective of national innovation policy schemes.…”

Insights for Shaping Entrepreneurship Education: Evidence from the European Entrepreneurship Centers

“…However, while EE (Entrepreneurship Education) has mainly been a priority for business schools, recently it has emerged as a relevant aspect to be created at all levels of education and for different disciplines. Specifically, in the wake of the rapid development of new technologies, an expansion of EE to other disciplines and departments are seen (e.g., science and technology) as crucial for developing skills, competencies and mindsets that are required for launching and developing high-growth, technology-based businesses [10]. This led to the flourishing in the academic community of the significant role of EE through a large number of initiatives, aimed to promote more entrepreneurial mindset in the field of technology entrepreneurship [11][12][13][14].…”