Three-ring entrepreneurial university: in search of a new business model

The entrepreneurship and higher education literatures suggest that universities cannot generate significant knowledge spillovers unless creation is followed by transformation commercialization. Although several university business models have been proposed in the literature, extant studies assume elements required involved of new for commercialization are automatically aligned. A paucity research exists explaining how entrepreneurial capital congruence contributes to teaching, activity – ‘three-ring university’. This study develops a conceptual model universities, introduces demonstrates spillover occurs, which stakeholders at level (individual, organizational, institutional).