Indian Institute of Management, Kozhikode, India
Universities have traditionally fulfilled two roles in society—knowledge generation through research and knowledge dissemination through teaching. Their primary contribution to the economy has been through the latter function. However, globally, there is a trend among universities to take on a third role—that of contributing more directly to the economy through entrepreneurial activities of Faculty members. At the core, this role involves commercializing research carried out by Faculty members. It takes several forms—setting up science-based entrepreneurial ...