Between old recipes and new challenges: redesigning the role of entrepreneurial universities in a context of smart specialization

article

Santos, Domingos

Santos, D. (2017), Between old recipes and new challenges: redesigning the role of entrepreneurial universities in a context of smart specialization, Matej Bel University

Between old recipes and new challenges: redesigning the role of entrepreneurial universities in a context of smart specialization

Entrepreneurial universities
Smart specialisation
Regional development

2018-09-27T08:33:31Z
2018-09-27T08:33:31Z
2017

Abstract The entrepreneurial university is seen as an important catalyst for regional economic and social development, particularly because it generates and exploits knowledge as entrepreneurial opportunities. This paper aims to analyze the challenges Smart Specialization Strategies (S3) imply to the role entrepreneurial universities can play in regional development. The former has increasingly gained space as a new competitive paradigm and universities can be of great importance for its successful implementation because of their contribution both as a partner institution, policy actor and producer of knowledge and social capital that can affect the potential territorial competitiveness and sustainability. By adopting institutional economics, resource-based view, and endogenous growth approaches, this study aims to provide a wider understanding of the socioeconomic impacts of the entrepreneurial universities on their regions The paper critically addresses this knowledge gap, focusing on policy, organization, and the role of individual actors to uncover the challenges facing higher education institutions as they seek to engage with their regions and promote territorial competitiveness and sustainability. As higher education institutions begin to ramp up their technology transfer activities and start to commercialize their research, it is crucial to consider the regional context and the regional impacts that this can have. In this context, and as a final point, the concept of entrepreneurial ecosystem is reinterpreted as a possible path of the dynamics resulting from S3 and entrepreneurial universities interactions, opening the way for a set of public policy recommendations.
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