Entrepreneurship (and Intrapreneurship)

Entrepreneurial culture encompasses three elements in universities: intrapreneurship, venture creation, and university-industry engagement. In all three ways, entrepreneurial culture empowers schools, departments, and programs to experiment through financial incentives and authority. It also supports individual faculty, students, and staff to raise funds from outside the university. Entrepreneurial culture must synergize decentralization with institutional control, balancing autonomy and empowerment on one side with alignment, synergy, and coherence on the other.