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Knowledge-based
Technological Enterprises Incubator Center
Triangular Centers act as bedrock for the growth of Third Generation Universities via entrepreneurship, value/wealth generation and sociocentrism.
Entrepreneurship
Knowledge-based Technological University- Industry Linkage
Enterprises Incubators
Figure 1 Triangular Center
Introduction
Entrepreneurship has been identified as the driving engine for a comprehensive development and growth of all the countries. Three main reasons to turn attention to entrepreneurship are the generation of wealth, productive employment and development of technology. According to some scholars, the need for an entrepreneurial revolution has been felt more strongly in today's societies than in the past during industrial revolution.
Types of Universities
University is considered as a social institution with more than 800 years of history. It aims to create knowledge and technology (educational and research) and provide tailored services to the needs of society with respect to the most wanted commodities.
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First Generation
Universities
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First Scientific Revolution
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Second Generation
Universities
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Second Scientific Revolution
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Third Generation
Universities
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Education-centered
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Research-centered
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Value and Wealth
Creating
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Figure 2 Developmental Trend of Universities
Job Triangle
Generally, the main types of employment status are a) employee b) self-employed and c) entrepreneur. Graduates from an Entrepreneurial University are the ones who don't seek employment after finishing their studies but individuals with the potential to offer jobs and entrepreneurial innovation with reliance on their educational experiences and available opportunities.
A Marketable Wealth / Value Chain in University-based Entrepreneurship
In an entrepreneurial university, a wealth/value chain (economic, cultural, social and political) is created through the design and development of a triangular center consisting of Entrepreneurship, Technology Units Incubators and University-industry Linkage. The chain is then offered to the society (i.e. industry) through which the commercialization of the university's knowledge and developed technology is reached. The chain comprises the following:
1. Opportunity
2. Idea, creativity and innovation
3. Business plan
4. Licenses
5. Products/services
6. Human capital
7. Enterprise/firm
8. Trade name
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