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Technology-based entrepreneurship education meeting policy, educational and business objectives

Technology-based entrepreneurship education meeting policy, educational and business objectives
Technology-based entrepreneurship education meeting policy, educational and business objectives
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
1465-7503
43-53
Boocock, Grahame
ab2e925d-6f5f-47db-919d-170949fd33ab
Frank, Regina
3b7c0e0e-8e64-4387-945d-896f798d3e77
Warren, Lorraine
1ec8193d-f90f-48f6-9205-041dcf89121d
Boocock, Grahame
ab2e925d-6f5f-47db-919d-170949fd33ab
Frank, Regina
3b7c0e0e-8e64-4387-945d-896f798d3e77
Warren, Lorraine
1ec8193d-f90f-48f6-9205-041dcf89121d

Boocock, Grahame, Frank, Regina and Warren, Lorraine (2009) Technology-based entrepreneurship education meeting policy, educational and business objectives. The International Journal of Entrepreneurship and Innovation, 10 (1), 43-53.

Record type: Article

Abstract

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

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Published date: 2009

Identifiers

Local EPrints ID: 71365
URI: https://eprints.soton.ac.uk/id/eprint/71365
ISSN: 1465-7503
PURE UUID: 522d62c5-b00a-4ba6-9f11-767f02c3f69f

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Date deposited: 08 Feb 2010
Last modified: 19 Jul 2017 00:00

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