Third Mission Goings-On and Academic Entrepreneurs in Europe

Abstract

Academic entrepreneurship and the process of establishing new firms are rooted in technologies and knowledge resulting from the research carried out at universities. Thus, they have served as engines of growth in the USA since the Bay-Dole Act, and presently Europe and China are trying to catch up. The article aims at recommending a research agenda at the intersection of the functions of knowledge transfer from universities from the perspective of academic entrepreneurship and the role of universities' third mission. Talent management teams are crucial to managing knowledge and technology transfer successfully in today's global world. Hence, research on this intersection should endeavor to find out antecedents, consequents and the processes of how the talented people clustered in detached teams, the human capital of spin-offs and born global organizations can become the source of competitive advantage as regards managing entrepreneurship within the university. The literature review search was conducted in SSCI-Web of Science Core Collection databases focusing on journal articles and review with the limitation that conference papers, books and other scientific contributions not abstracted there were not included.