Discussing the Role of Entrepreneurial Universities in COVID-19 Era in the Middle East
DOI:
https://doi.org/10.7595/management.fon.2021.0014Keywords:
entrepreneurial university, academic entrepreneurship, spin-offs, COVID-19, Middle East, venture capitalistsAbstract
Research Question: This conceptual research explores the role that academic entrepreneurship can play in Middle Eastern countries in addressing the effects of COVID-19 pandemic in the region. Motivation: Entrepreneurial universities are pivotal in contemporary economic systems due to their significant contributions in innovation efforts. Part of their mission is seen in the commercialization of their scientific knowledge through the creation of spin-offs (Cvijic et al., 2019; O'shea et al., 2005; Rodrigues et al., 2019). The challenges and constraints imposed by the COVID-19 pandemic have demonstrated the importance of coordinating the efforts of all parties including those of entrepreneurial universities in order to develop vaccines and generate healthcare solutions which could be patented and commercialized afterwards. Hence, this paper identifies the factors which can reinforce the entrepreneurial insertion of universities and increase their capacity in supporting collective efforts aiming at combatting the COVID-19 aftermath. Idea: Based on a review of recent literature, the purpose of this conceptual study is twofold: identify the predictors and the success factors of academic entrepreneurship; and argue for research propositions that could guide future empirical research. In addition, this paper provides insights into the current evolution of the entrepreneurial experiences of Middle Eastern universities. Data: This explorative research was based on an extensive literature review of the core aspects relevant to academic entrepreneurship. Recent references published in peer-reviewed scholarly journals with the primary focus on the Middle East or other developing economies were targeted in order to build up the conceptual model revolving around nine research propositions. Tools: Selected references were reviewed and categorized around the mainstream themes identified by the authors, i.e., impact of entrepreneurial universities, antecedents of academic entrepreneurship, and its success factors. For each block, several research propositions were derived and presented. Findings: The literature review findings argue for the potential role that specific factors can play in promoting the entrepreneurial engagement of Middle Eastern universities, namely the national institutional framework, an easy access to funding sources, the existence of interrelations with local organizations and the quality of the university’s organizational infrastructure. The conceptual framework assumes also that the performance of entrepreneurial universities would depend on the number and quality of relationships with the industry, the support of venture capitalists and the intensity of their entrepreneurial and market orientations. Contribution: This research contributes essentially in underlining the growing importance of academic entrepreneurship and how it can be a rewarding choice for Middle Eastern policy makers.