The Status Quo: How Do Startups Fit into Universities?
Students and researchers have always founded their own companies right out of universities. This is not new. Just as in any other venture, some of those companies thrive, while others falter. Some entrepreneurs have a natural talent for running a business, whereas others are less skilled. In recent years, there has been a huge surge of interest in entrepreneurship, both inside and outside universities. Researchers are beginning to realize that running their own company may be more adventurous and rewarding than a lifetime teaching position in higher education. Students converge on popular fields such as computer science to launch their own companies while working on their degree or after graduation. News stories abound about 20-year-olds turning into billionaires with virtual reality startups.