Authors: Matthew Bondy; Feridun Hamdullahpur
Addresses: University of Waterloo, 200 University Ave. W., Waterloo ON, N2L 3G1, Canada ' University of Waterloo, 200 University Ave. W., Waterloo ON, N2L 3G1, Canada
Abstract: Today's, global research-intensive universities (GRU) are positioned to significantly expand their impact on society in the context of the fourth industrial revolution by adopting an increasingly deliberate focus on talent formation and research mobilisation, in addition to the university's legacy and primary focus on the dissemination and creation of knowledge. This requires universities to develop complex systems to entice the development of entrepreneurial research and entrepreneurially-minded students, in part by ensuring robust, mutually advantageous connections with industry. Universities with the wherewithal to seize this expanded social and economic role will be positioned as key nodes in the knowledge economy, especially as innovation clusters become increasingly salient to issues of capital investment, job creation, business location and public policy formation.
Keywords: innovation clusters; commercialisation; university research; research mobilisation; fourth industrial revolution; talent formation; entrepreneurial research; entrepreneurially-minded students; entrepreneurship; entrepreneurial orientation; industrial collaboration; knowledge economy; capital investment; job creation; business location; public policy formation.
International Journal of Research, Innovation and Commercialisation, 2017 Vol.1 No.1, pp.2 - 7
Received: 21 Oct 2016
Accepted: 21 Oct 2016
Published online: 14 Feb 2017 *