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The evolution of the academia has been extensively studied. The first academic revolution explained by Jencks and Riesman (1968) made research an additional function of the academia besides the traditional task of teaching. But in the last decades academia adopted another function – the “capitalization of knowledge”. This second revolution created the entrepreneurial university which integrates economic development into the university as an academic function along with teaching and research (Etzkowitz, 1998). In recent years academia has become more involved in economic and social development, has more intensively commercialized their research results, patented and licensed activities. In addition, academic spin-off companies emerged and managerial and attitudinal changes occurred in respect to collaborative project with industries (Van Looy et al., 2004).

Academic Entrepreneurship: What Changes When Scientists Become Academic Entrepreneurs?