The role of entrepreneurial universities in regional knowledge spillover and social innovation

Abstract

The aim of this paper is to investigate the role of entrepreneurial universities (EU) emerging perspectives that enrich regional knowledge spillover and enhance social innovation system. The existing knowledge spillover within the regions has influenced the creation of new knowledge and cross-disciplinary areas of research that empowers regional small firms and higher education institutes (HEIs) to face the economic, social, and industrial turbulence. This paper explores the impact of entrepreneurial universities effects on regional knowledge development, knowledge spillovers and social innovation based on understanding entrepreneurial universities strategic activities. Additionally, research on entrepreneurial universities emerging perspectives has received considerable attention due to its key enabling inspirations that enable higher education institutes (HEIs) and small firms (SMEs) to meet the development of business networks with ensuring the regional as well as social benefits. Where, it facilitates the regional innovation system and as a result, entrepreneurial university premeditated initiative that promotes regions tacit knowledge utilization, knowledge retention in small and medium-sized enterprises (SMEs), and knowledge dynamics. Finally, it is significant to highlight that while addressing the tension between globalization and localization the idea of entrepreneurial universities initiatives and importance of social and regional innovation system has been viewed -with the perception of growing regional knowledge development process; and or taxonomy of knowledge economy for regional economic development.