Modern-day Universities and Regional Development

As we can instantaneously link the universities as main actors in the creation of highlyqualified labour force, the role of universities increases parallel to the previously mentioned progresses. Universities are the general institutions of education, however in the need of adaptation to present local needs, their activities have broadened in the past decades [Wright et al, 2008; Etzkowitz, 2002]. Most universities experienced a transition period in which next to their classic activities, namely education and research, so called third mission activities also started to count, thus serving many purposes of economy and society.