THE ROLE OF THE STATE IN DEVELOPING ENTREPRENERUAIL ECOSYSTEM AROUND UNIVERSITIES IN THE UK

Abstract

Research relevance: During the last few decades universities have changed strategies expanding their main mission. They also shift their strategies towards generating third stream income and providing economic effect at regional and national levels as well as impacting society. Within the framework of this research authors showed how the UK government impacted universities to change their mission synchronising it with the needs of economy in order to translate the successful experience for building entrepreneurial ecosystem. To the best of our knowledge similar research have not been done before. Research subject: the UK policy on developing entrepreneurial ecosystem via supporting research commercialisation. Research object: role of the UK government in building entrepreneurial ecosystem around universities via supporting research commercialisation. Research aim: systematisation and analysis of all the initiatives undertaken by UK government to encourage the development of entrepreneurship at the UK universities what might become a basis to develop recommendations for building entrepreneurial ecosystem in countries where it still underdeveloped. Research methodology: description, analysis and synthesis, in-depth interviews, thematic analysis. Research results: authors have systematised the initiatives undertaken by UK government to encourage the development of entrepreneurship at British universities on the stages of the emergence of entrepreneurial ecosystem. This research has analysed all the initial initiatives taken to encourage developing entrepreneurial universities. This allowed authors to develop recommendations to develop entrepreneurial ecosystem in countries where it still underdeveloped. Research results application: research results can be utilised for the elaboration of government policy in education as well as for developing strategic documents for improving the mechanisms for research commercialisation. This research could help countries at the nascent stage of ecosystem development to leverage effectively the UK experience.

Keywords

• entrepreneurial university
• government
• initiative