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The Key Attributes that Drive University Entrepreneurship

In this new age of connectivity, information and artificial intelligence, start-ups have played a key role in its growth. In particular, universities have played a pivotal role in the rise of innovative enterprises and is a core component of the entrepreneurial ecosystem. Understanding key drivers of university-based entrepreneurship could assist academic institutions in focusing their resource investment and better prepare students to pursue projects beyond the classroom. This paper explores various factors in university-based start-up creation, their impact on the ever-growing ecosystem, and derives an understanding of the key attributes’ relationships. The attributes analyzed in this paper are the universities’ academic strength, financial resources, and regional support. The increasing trend of innovation and entrepreneurship is spreading throughout campuses globally, resulting in educational institutions seeking guidance to develop more student-based ventures. T-tests were performed to determine the relationship of the data, regression to characterize the relationship, Coefficient of Determination to understand the quality of correlation, and Regression Coefficients to measure the sensitivity of the relationship. This paper explores what the entrepreneurial universities have in common; they’re able to build the content of their startup’s product (engineering strength) while having the ability to support their business around the product (business strength).