ABSTRACT
The “capitalization of knowledge” is the heart of a new mission for the university, linking universities to users of knowledge more tightly and establishing the university as an economic actor in its own right. An entrepreneurial university rests on four pillars:
1 academic leadership able to formulate and implement a strategic vision;
2 legal control over academic resources, including physical property such as university buildings and intellectual property emanating from research;
3 organizational capacity to transfer technology through patenting, licensing, and incubation; and
4 an entrepreneurial ethos among administrators, faculty, and students.
