A university’s ability to create ventures and interact with them is becoming a critical survival skill. After all, the lack of this ability is what made Harvard lose out to Stanford. And it will get worse…
Univenture – University Venture – stems from the realization that the global venture ecosystem in the 21st century is changing, and the role of academia in it is of necessity going to change as well.
The traditional roles of universities – Creation of knowledge (=research), Transfer of knowledge (=teaching), and Societal service through the use of knowledge – will remain, but their relative extent and nature are certain to change in ways still not fully understood; and universities are slow to identify the best manner they can adapt and integrate into the overall venture ecosystem – which is itself a moving target.
The necessity of coping with all this is sure to keep university players awake at night. Our issue #4 shares ideas, case studies, successes and caveats to help cope with – and survive – this challenge.