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Entrepreneurship, State Economic Development Policy, and the Entrepreneurial University

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  • David Audretsch
  • Ronnie J. Phillips

Abstract

In this paper, we discuss the nature of the university-industry relationship and recommend specific policies to help achieve the goal of greater economic growth. We argue that state-supported research universities can be used to integrate entrepreneurship into state economic development and incubate entrepreneurial companies. Regional entrepreneurship policy is a new strategy that regards economic development as a process that goes from supporting research and development to creating and growing new businesses. Specifically, we believe that an entrepreneurial higher education system is a key to state-level economic policies. There is an opportunity at research universities to combine the human capital talent available on faculties with the needs and expertise of private industry to accelerate entrepreneurship and economic growth.

Suggested Citation

  • David Audretsch & Ronnie J. Phillips, 2007. "Entrepreneurship, State Economic Development Policy, and the Entrepreneurial University," Papers on Entrepreneurship, Growth and Public Policy 2007-11, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    • Handle: RePEc:esi:egpdis:2007-11
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    References listed on IDEAS

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    Cited by:

    1. Marcin Baron, 2021. "Open Innovation Capacity of the Polish Universities," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(1), pages 73-95, March.
    2. Paula Almeida & Eunice Ramos Lopes & Celio Goncalo Marques & Jorge Simoes & Fatima Pedro, 2017. "The dynamization of Higher Education Institutions for the creation of Tourism Companies in Portugal," Tourism Research Institute, Journal of Tourism Research, vol. 17(1), pages 106-118, June.
    3. Mina, Andrea & Bascavusoglu-Moreau, Elif & Hughes, Alan, 2014. "Open service innovation and the firm's search for external knowledge," Research Policy, Elsevier, vol. 43(5), pages 853-866.
    4. Mina, A. & Connell, D. & Hughes, A., 2009. "Models of Technology Development in Intermediate Research Organisations," Working Papers wp396, Centre for Business Research, University of Cambridge.

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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