Ten With Ken (audio)

Governments invest in higher education hoping to see short-term economic benefits in the form of job creation, knowledge mobilization, and increasingly, the launch of entrepreneurial new start-up businesses. In this week’s episode, Ken Steele provides a quick overview of college and university research commercialization, from the first research parks to the latest business incubators and accelerators. In many ways, academic culture is antithetical to entrepreneurship. Scholars and scientists are often perfectionists, conducting exhaustive research, consulting their peers for input and consensus, and avoiding career-limiting risks. Academic culture is centred around credibility, caution, and certainty. Successful entrepreneurs, on the other hand, are often shameless self-promoters, confident or even arrogant, first to market regardless of quality control, and frequently keeping trade secrets from their competitors. Many question whether modern schools are the right environment in which to nurture entrepreneurs