Entrepreneurial University as Innovation Hub in Transitional Economy: New Digital Platform for SME Globalization

Abstract

High education system and transitional economy faces with both market and innovation challenges. The appropriate responses to these challenges have to be found under conditions when advanced knowledge is no longer created in universities and research institutions only, but is born in a large number distributed small and medium innovation enterprises as well. This encourages the universities and the businesses to search for new institutional forms for innovating education and educating innovation. One of these forms is the establishment of an entrepreneurial university integrated with startup incubator jointly with business. In this case such university by creation based on smart contracts universal digital platform integrated in GVCs (Global Value Chains) actually turns into a modern innovation hub. In turn, such hub is able not only to incubate the startups and develop them into the new innovation enterprises, but to train innovative entrepreneurs as well.