The other day we posted on the 50K bplan contest taking place up north in Minnesota. Today we found an interesting post from John Moravec at Education Futures in which he looks into the lack of entrepreneurial drive at the Univ. of Minnesota. He raises a lot of good questions about what role entrepreneurship plays at world class universities.
In a world where economic growth is driven by intellectual horsepower, the university, naturally, has enormous potential. History and the evolution of capitalism has brought us to the point where entrepreneurship is the best mechanism for unleashing the power of intellectual capital.
If university leaders (including admins & academics) don’t take this seriously and view entrepreneurship as a tool to distribute their discoveries and ideas rather than a crass commercial activity they will find their institutions weakening and being left behind. Just my 2 cents.