11. Entrepreneurial and Corporate Universities

Better-educated individuals raise the potential to start new businesses. Investment in tertiary education ought to be diverted toward innovative educational institutions that allow people to acquire skills they need to recognize and pursue business opportunities. The entrepreneurial universities are the most advanced forms of educational institutions embarking upon a new wave of teaching and learning methodologies in the field of entrepreneurship. Besides, these institutions harvest, in the marketplace, the fruits of university research, capitalize on business development thanks to the know how of professors, researchers, graduates and students, and provokes new company formation in the knowledge-based industries.

According to David Blunkett, the United Kingdom’s former Secretary of State for Education, “In the knowledge economy, entrepreneurial universities will be as important as entrepreneurial businesses.” In fact, to address the phenomenon of entrepreneurship and accelerate its pace, the most dynamic economies are producing innovative types of social and business models for advanced education.