International Academic Journal of Entrepreneurship

Mutual Benefits from Entrepreneurship of Non-business University Graduates for Academia and Founders

Published on: 2019-02-11

Abstract

There is a trend among universities to teach entrepreneurship and support startup initiatives. In this article, the state-ofthe-art in entrepreneurship higher education and university ecosystems of non-business schools is reviewed, and the example of the University of Applied Sciences Technikum Wien, Austria, and one of its startup show cases, Toolsense, is elaborated to understand critical success factors for non-business graduates as founders. The mutual benefits for universities and founders are discussed. In the case of Toolsense and the University of Applied Sciences, narrow band IoT as brought to the University by the startup. Implications on a universities’ innovation and portfolio management are highlighted. Concerning startups, the importance of growth financing after initial success is elaborated.

Keywords

Entrepreneurship; Incubator, Startup business; Upstart business; non-business graduates as entrepreneurs; support, innovation management; portfolio management; narrow band IoT; academic entrepreneurial behavior (AEB) ;tech entrepreneur