Entrepreneurship in Academia The Changing Role of Academia

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Entrepreneurship in AcademiaThe Changing Role
of Academia

• Dr Mukesh Aghi

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Think Out of the box .. Think Innovation

• Invention Is Thinking New Things Innovation
  Is Doing New Things

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The Internet has potential to be the first major
change in the (educational) process since
SocratesGary Becker
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Disruptive Innovation
This (the last typewriter) is the best product
we ever produced. But what we ended up with was
perfecting the irrelevant.
--President of
Smith-Corona
at the closing of the plant
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From teaching to learning
Old model teacher centric
New model learner centric
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Challenge to Academia

• Rapidly growing populations
• Rising expectations
• Need for more, higher value jobs
• Need for more nimble, dynamic, globally
  competitive companies and economies.

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The Challenge to Higher Education
(a) Source ThinkEquity Partners.
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The Role of Academia

• Develop human capital
• Integrate with the private sector
• Support commercialization processes
• Create new technologies
• Develop knowledge and people for the future
• Create competitive centers of excellence

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Entrepreneurship in Business

• 70 of a nations economic growth is typically
  attributed to entrepreneurship
• 35 of the Fortune 500 list is displaced every
  3-4 years by new firms
• Inc. 500 firms grow at 1312 over 5 years
• NZ Fast 50 companies exceed 1000 growth
• GEM research suggests 30 of the differences in
  GDP growth are attributed to levels of
  entrepreneurship activity
• Entrepreneurship is the fuel that drives the
  expansion of cluster growth

• http//asp2.miuk.com/cmilive/documents/Morse2022.
  6.05.ppt.

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• The companies spun out from just one university,
  the Massachusetts Institute of Technology, would
  constitute a nation with the twenty-fourth
  largest GDP in the world.
• Building Entrepreneurial Economies,
• Carl F. Schramm, Foreign Affairs, July/Aug 2004

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Source " A STUDY OF ACADEMIC ENTREPRENEURS
USING VENTURE CAPITAL DATA Junfu Zhang, PUBLIC
POLICY INSTITUTE OF CALIFORNIA (2005)
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The Origin of Entrepreneurs
"High-Tech Start-Ups and Industry Dynamics in
Silicon Valley" Junfu Zhang, PUBLIC POLICY
INSTITUTE OF CALIFORNIA (2003)
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Academia and Innovations

• Promoting creative partnerships between
  universities, industries and the private sector
• Promoting the transfer of technology
• Promoting entrepreneurial growth
• Promoting education policies to increase
  innovation

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The ability to learn faster than your competitors
may be the only sustainable competitive
advantage - Peter Senge The Fifth
Discipline
Thank You