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The common definition of academic entrepreneur is similar to the original definition of ‘entrepreneur.’ It states “the AE (academic entrepreneur) is a university scientist, most often a professor, sometimes a PhD student or a post-doc researcher, who sets up a business company in order to commercialize the results of his/her research[1]” Academic entrepreneurship today can be understood as either:
- A knowledge-based profession that is centered around technological development[2]
- An income-oriented activity that creates a small business or firm from said technological development[2]
- A particular behavior to be adapted by researchers in order to modify the pattern of university research[2]
Academic entrepreneurship is part of the Third Mission of universities[3]”