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Changing Roles of Universities in Developing Entrepreneurial Regions:

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Changing Roles of Universities in Developing Entrepreneurial Regions:
Changing Roles of Universities in Developing Entrepreneurial Regions: The case of Finland and the US

Alok K. Chakrabarti and Mark Rice

MIT-IPC-03-003

September 2003

Changing Roles of Universities in Developing Entrepreneurial Regions: The Case of Finland and the US Alok Chakrabarti and Mark Rice MIT IPC Working Paper IPC-03-003 September 2003

Universities have critical roles as sources of intellectual property and talent in regional development and high technology industries. We present a theoretical framework based on social capital and knowledge management literatures describing the knowledge generation and transfer processes for universities. Our research questions are: 1. What are the roles of universities in regional economic development with respect to knowledge generation and transfer processes and how are these role changing? 2. How do these roles and trends differ between the U.S. and. Finland?

The views expressed herein are the author’s responsibility and do not necessarily reflect those of the MIT Industrial Performance Center or the Massachusetts Institute of Technology.

1 Changing Roles of Universities in Developing Entrepreneurial Regions: The Case of Finland and the US 1 Alok Chakrabarti Industrial Performance Center Massachusetts Institute of Technology & New Jersey Institute of Technology Mark Rice F. W. Olin Graduate School of Business Babson College ABSTRACT Universities have critical role as sources of intellectual property and talent in regional development and high technology industries. We present a theoretical framework based on social capital and knowledge management literatures describing the knowledge generation and transfer processes for universities. Our research questions are: 1. What are the roles of universities in regional economic development with respect to knowledge generation and transfer processes and how are they changing? 2. How do these roles and trends differ in the U.S. vs. Finland? INTRODUCTION The

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